Aemetis Named 7th Hottest Company in the Bioeconomy at Advanced Bioeconomy Leadership Conference
Aemetis (NASDAQ: AMTX) has been ranked as the 7th Hottest Company in the Bioeconomy by The Digest at the Advanced Bioeconomy Leadership Conference. The company reported significant progress across its businesses in 2024, including $100 million in biodiesel deliveries in India, RNG production capacity growth from 200,000 to 550,000 MMBtu annually, and a $12 million solar project completion. The company secured $50 million in USDA guaranteed financing with an additional $100 million in process. Aemetis has contracts with ten airlines for $3.8 billion in SAF supply and is developing a carbon sequestration project in Riverbank, California.
Aemetis (NASDAQ: AMTX) è stata classificata come la settima azienda più promettente nella bioeconomia da The Digest durante la Conferenza sulla Leadership nella Bioeconomia Avanzata. L'azienda ha riportato progressi significativi in tutte le sue attività nel 2024, inclusi 100 milioni di dollari in consegne di biodiesel in India, una crescita della capacità di produzione di RNG da 200.000 a 550.000 MMBtu all'anno e il completamento di un progetto solare da 12 milioni di dollari. L'azienda ha ottenuto 50 milioni di dollari di finanziamento garantito dal USDA, con ulteriori 100 milioni in fase di elaborazione. Aemetis ha contratti con dieci compagnie aeree per un rifornimento di SAF del valore di 3,8 miliardi di dollari ed è in fase di sviluppo di un progetto di sequestro del carbonio a Riverbank, California.
Aemetis (NASDAQ: AMTX) ha sido clasificada como la séptima empresa más prometedora en la bioeconomía por The Digest en la Conferencia de Liderazgo en Bioeconomía Avanzada. La empresa informó sobre progresos significativos en todas sus actividades en 2024, incluyendo 100 millones de dólares en entregas de biodiésel en India, un aumento de la capacidad de producción de RNG de 200,000 a 550,000 MMBtu anuales, y la finalización de un proyecto solar de 12 millones de dólares. La compañía aseguró 50 millones de dólares en financiamiento garantizado por el USDA, con otros 100 millones en proceso. Aemetis tiene contratos con diez aerolíneas para el suministro de SAF por un valor de 3.8 mil millones de dólares y está desarrollando un proyecto de captura de carbono en Riverbank, California.
Aemetis (NASDAQ: AMTX)는 Advanced Bioeconomy Leadership Conference에서 The Digest에 의해 바이오 경제에서 7위로 선정되었습니다. 회사는 2024년 동안 인도에서의 1억 달러의 바이오디젤 공급을 포함하여 모든 사업 부문에서 중요한 발전을 보고했습니다. RNG 생산 능력이 연간 20만 MMBtu에서 55만 MMBtu로 증가했으며, 1,200만 달러 규모의 태양광 프로젝트가 완료되었습니다. 회사는 USDA 보장 금융으로 5천만 달러를 확보하였으며 추가로 1억 달러가 진행 중입니다. Aemetis는 38억 달러 규모의 SAF 공급을 위해 10개 항공사와 계약을 체결하였으며, 캘리포니아 리버뱅크에서 탄소 포집 프로젝트를 개발하고 있습니다.
Aemetis (NASDAQ: AMTX) a été classée comme la septième entreprise la plus prometteuse dans la bioéconomie par The Digest lors de la Conférence sur le Leadership en Bioéconomie Avancée. L'entreprise a signalé des progrès significatifs dans tous ses secteurs d'activité en 2024, y compris 100 millions de dollars en livraisons de biodiesel en Inde, une augmentation de la capacité de production de RNG de 200 000 à 550 000 MMBtu par an, et l'achèvement d'un projet solaire de 12 millions de dollars. L'entreprise a obtenu 50 millions de dollars de financement garanti par le USDA, avec 100 millions de dollars supplémentaires en cours. Aemetis a des contrats avec dix compagnies aériennes pour un approvisionnement en SAF d'une valeur de 3,8 milliards de dollars et développe un projet de séquestration du carbone à Riverbank, Californie.
Aemetis (NASDAQ: AMTX) wurde während der Konferenz für Advanced Bioeconomy Leadership von The Digest als das siebte heißeste Unternehmen in der Bioökonomie eingestuft. Das Unternehmen meldete 2024 bedeutende Fortschritte in allen Geschäftsbereichen, darunter 100 Millionen Dollar an Biodiesel-Lieferungen in Indien, eine Steigerung der Produktionskapazität von RNG von 200.000 auf 550.000 MMBtu jährlich und die Fertigstellung eines Solarprojekts im Wert von 12 Millionen Dollar. Das Unternehmen sicherte sich 50 Millionen Dollar an USDA-gegarantierter Finanzierung mit weiteren 100 Millionen im Prozess. Aemetis hat Verträge mit zehn Fluggesellschaften über die Lieferung von SAF im Wert von 3,8 Milliarden Dollar und entwickelt ein Kohlenstoffspeicherprojekt in Riverbank, Kalifornien.
- Secured $50M USDA guaranteed financing with additional $100M in process
- Completed $100M+ biodiesel deliveries under government contract in India
- RNG production capacity increasing 175% to 550,000 MMBtu annually by end of 2024
- Signed $3.8B in SAF supply contracts with ten airlines
- Expected new RNG revenues up to $100M annually by 2026 from IRA tax credits
- None.
Insights
The 7th place ranking in The Digest's Hottest Companies list, while prestigious, is secondary to the substantial operational updates revealed. The company's progress includes completed biodiesel deliveries worth
Biofuels Digest Annually Awards the Top 50 Hottest Companies in the Bioeconomy; Aemetis CEO Eric McAfee Presents Company Update at ABLC
CUPERTINO, Calif., Oct. 31, 2024 (GLOBE NEWSWIRE) -- Aemetis, Inc. (NASDAQ: AMTX), a renewable natural gas and renewable fuels company focused on low and negative carbon intensity products, was named the 7th Hottest Company in the Bioeconomy by The Digest at the Advanced Bioeconomy Leadership Conference (ABLC) held in San Francisco. The Digest is the world’s most widely read bioeconomy daily with more than six million viewers.
According to The Digest, the annual rankings “recognize innovation and achievement in fuels and integrated biorefinery development and are based on votes by the delegates of ABLC, the world’s most widely attended advanced bioeconomy series.”
“This year, the voters went global in picking companies from all around the world focused on sustainable fuels and chemicals - founded in India, New Zealand, Canada, the US, and the Netherlands, in the top 10,” said The Digest editor and publisher Jim Lane.
“We are pleased that Aemetis has steadily climbed the list of Hottest Companies in the Bioeconomy, and my speech at ABLC focused on the continued execution of our expansion plan, funded in part by
In his remarks before the ABLC attendees, McAfee cited significant progress during 2024 in each of the Aemetis businesses. The company’s India subsidiary, Universal Biofuels, successfully completed more than
The Keyes ethanol plant completed a
“Aemetis expects to be supported in its growth by several regulatory actions that are pending,” added McAfee. “First, the expected November 8, 2024 adoption of a 20 year Low Carbon Fuel Standard (LCFS) reauthorization by the California Air Resources Board in which CARB has forecast an increase in the value of LCFS credits from the current
Founded in 2006, Aemetis is now the largest producer of biodiesel in India, the largest ethanol producer in California, one of the largest animal feed producers in California, and the largest distillers corn oil producer in California. Aemetis is building one of the largest dairy biogas digester networks in California with anaerobic digesters for 10 dairies built (with digesters for 16 dairies expected to be built by the end of 2024), 48 dairies contracted, 36 miles of biogas pipeline installed, and a central RNG production and interconnection facility already operational.
The Aemetis sustainable aviation fuel project has signed contracts with ten airlines for
About Aemetis
Headquartered in Cupertino, California, Aemetis is a renewable natural gas, renewable fuel and biochemicals company focused on the operation, acquisition, development, and commercialization of innovative technologies that replace petroleum-based products and reduce greenhouse gas emissions. Founded in 2006, Aemetis is operating and actively expanding a California biogas digester network and pipeline system to convert dairy waste gas into Renewable Natural Gas. Aemetis owns and operates a 65 million gallon per year ethanol production facility in California’s Central Valley near Modesto that supplies about 80 dairies with animal feed. Aemetis owns and operates an 80 million gallon per year production facility on the East Coast of India producing high quality distilled biodiesel and refined glycerin for customers in India and Europe. Aemetis is developing a sustainable aviation fuel (SAF) and renewable diesel fuel biorefinery in California to utilize renewable hydrogen, hydroelectric power, and renewable oils to produce low carbon intensity renewable jet and diesel fuel. For additional information about Aemetis, please visit www.aemetis.com.
Safe Harbor Statement
This news release contains forward-looking statements, including statements regarding assumptions, projections, expectations, targets, intentions or beliefs about future events or other statements that are not historical facts. Forward-looking statements include, without limitation, projections of financial results in 2024 and future years; statements relating to the development, engineering, financing, construction and operation of the Aemetis ethanol, biodiesel, biogas, SAF and renewable diesel, and carbon sequestration facilities; and our ability to promote, develop and deploy technologies to produce renewable fuels and biochemicals. Words or phrases such as “anticipates,” “may,” “will,” “should,” “believes,” “estimates,” “expects,” “intends,” “plans,” “predicts,” “projects,” “showing signs,” “targets,” “view,” “will likely result,” “will continue” or similar expressions are intended to identify forward-looking statements. These forward-looking statements are based on current assumptions and predictions and are subject to numerous risks and uncertainties. Actual results or events could differ materially from those set forth or implied by such forward-looking statements and related assumptions due to certain factors, including, without limitation, competition in the ethanol, biodiesel and other industries in which we operate, commodity market risks including those that may result from current weather conditions, financial market risks, customer adoption, counter-party risks, risks associated with changes to federal policy or regulation, and other risks detailed in our reports filed with the Securities and Exchange Commission, including our Annual Reports on Form 10-K, and in our other filings with the SEC. We are not obligated, and do not intend, to update any of these forward-looking statements at any time unless an update is required by applicable securities laws.
External Investor Relations
Contact:
Kirin Smith
PCG Advisory Group
(646) 863-6519
ksmith@pcgadvisory.com
Company Investor Relations/
Media Contact:
Todd Waltz
(408) 213-0940
investors@aemetis.com
FAQ
What is Aemetis (AMTX) current ranking in the Bioeconomy?
How much USDA financing has Aemetis (AMTX) secured in 2024?
What is the expected RNG production capacity for Aemetis (AMTX) by end of 2024?