Aemetis Registrations Approved by the IRS for 45Z Production Tax Credits
Aemetis (NASDAQ: AMTX) has received IRS approval for Section 45Z Production Tax Credits (PTCs) under the Inflation Reduction Act (IRA), applicable from January 1, 2025. The company’s ethanol and renewable natural gas (RNG) facilities are now registered as producers of clean transportation fuel. The 45Z PTC incentivizes the production of low carbon intensity fuels, providing a tax credit of $1.00 per gallon for every 50 carbon intensity points reduction below positive 50 carbon intensity.
Aemetis' RNG production is expected to increase by 80% to 550,000 MMBtu annually in 2025, generating significant revenues from tax credits. The company's biogas projects, utilizing dairy waste, are projected to yield substantial tax credit revenues due to their negative carbon intensity. Aemetis’ digesters, funded by USDA loans, will produce an estimated 1.6 million MMBtu of RNG per year when fully operational, with expected annual revenues of $250 million.
Aemetis (NASDAQ: AMTX) ha ricevuto l'approvazione dall'IRS per i Crediti d'Imposta sulla Produzione di Sezione 45Z (PTC) ai sensi del Inflation Reduction Act (IRA), applicabili dal 1° gennaio 2025. Gli impianti di etanolo e gas naturale rinnovabile (RNG) dell'azienda sono ora registrati come produttori di combustibili per il trasporto puliti. Il PTC 45Z incentiva la produzione di combustibili a bassa intensità di carbonio, fornendo un credito d'imposta di $1,00 per gallone per ogni riduzione di 50 punti di intensità di carbonio al di sotto di 50 punti di intensità di carbonio.
La produzione di RNG di Aemetis è prevista in aumento dell'80% fino a 550.000 MMBtu annuali nel 2025, generando significativi ricavi dai crediti d'imposta. I progetti di biogas dell'azienda, che utilizzano rifiuti di latte, dovrebbero generare notevoli entrate da crediti d'imposta a causa della loro intensità di carbonio negativa. I digester di Aemetis, finanziati da prestiti USDA, produrranno circa 1,6 milioni di MMBtu di RNG all'anno quando saranno completamente operativi, con ricavi annuali previsti di $250 milioni.
Aemetis (NASDAQ: AMTX) ha recibido la aprobación del IRS para los Créditos Fiscales por Producción de la Sección 45Z (PTC) bajo la Ley de Reducción de la Inflación (IRA), aplicables a partir del 1 de enero de 2025. Las instalaciones de etanol y gas natural renovable (RNG) de la compañía están ahora registradas como productores de combustible de transporte limpio. El PTC 45Z incentiva la producción de combustibles de baja intensidad de carbono, proporcionando un crédito fiscal de $1.00 por galón por cada reducción de 50 puntos de intensidad de carbono por debajo de los 50 puntos de intensidad de carbono positivos.
Se espera que la producción de RNG de Aemetis aumente un 80% hasta 550,000 MMBtu anuales en 2025, generando ingresos significativos de créditos fiscales. Los proyectos de biogás de la empresa, que utilizan desechos lácteos, se proyecta que generen ingresos sustanciales de créditos fiscales debido a su intensidad de carbono negativa. Los digestores de Aemetis, financiados por préstamos del USDA, producirán aproximadamente 1.6 millones de MMBtu de RNG por año cuando estén completamente operativos, con ingresos anuales esperados de $250 millones.
Aemetis (NASDAQ: AMTX)는 인플레이션 감축법(IRA)에 따른 섹션 45Z 생산 세액 공제(PTC)에 대해 IRS 승인을 받았으며, 이는 2025년 1월 1일부터 적용됩니다. 회사의 에탄올 및 재생 가능 자연가스(RNG) 시설은 이제 청정 수송 연료의 생산자로 등록되었습니다. 45Z PTC는 저탄소 연료의 생산을 장려하며, 긍정적인 50 탄소 강도 아래에서 50 탄소 강도 포인트 감소당 갤론당 $1.00의 세액 공제를 제공합니다.
Aemetis의 RNG 생산은 2025년에 연간 80% 증가하여 550,000 MMBtu에 이를 것으로 예상되며, 세액 공제로부터 상당한 수익을 창출할 것입니다. 회사의 유기농가에서 발생한 바이오가스 프로젝트는 탄소 강도가 부정적이기 때문에 상당한 세액 공제 수익을 창출할 것으로 예상됩니다. USDA 대출로 자금을 지원받은 Aemetis의 소화조는 완전히 가동될 때 연간 약 1.6백만 MMBtu의 RNG를 생산할 것으로 예상되며, 연간 $250백만의 수익이 예상됩니다.
Aemetis (NASDAQ: AMTX) a reçu l'approbation de l'IRS pour les Crédits d'Impôt à la Production de la Section 45Z (PTC) dans le cadre de la Loi sur la Réduction de l'Inflation (IRA), applicables à partir du 1er janvier 2025. Les installations d'éthanol et de gaz naturel renouvelable (RNG) de l'entreprise sont désormais enregistrées comme producteurs de carburant de transport propre. Le PTC 45Z incite à la production de carburants à faible intensité de carbone, offrant un crédit d'impôt de 1,00 $ par gallon pour chaque réduction de 50 points d'intensité de carbone en dessous de 50 points d'intensité de carbone positif.
La production de RNG d'Aemetis devrait augmenter de 80 % pour atteindre 550 000 MMBtu par an en 2025, générant des revenus significatifs provenant de crédits d'impôt. Les projets de biogaz de l'entreprise, utilisant des déchets laitiers, devraient dégager des revenus substantiels de crédits d'impôt en raison de leur intensité de carbone négative. Les digesteurs d'Aemetis, financés par des prêts du USDA, produiront environ 1,6 million de MMBtu de RNG par an lorsqu'ils seront pleinement opérationnels, avec des revenus annuels attendus de 250 millions $.
Aemetis (NASDAQ: AMTX) hat die Genehmigung des IRS für Steuergutschriften für die Produktion gemäß Abschnitt 45Z (PTC) im Rahmen des Inflation Reduction Act (IRA) erhalten, die ab dem 1. Januar 2025 anwendbar sind. Die Ethanol- und erneuerbare Erdgas (RNG)-Anlagen des Unternehmens sind nun als Hersteller von sauberem Verkehrskraftstoff registriert. Der 45Z PTC fördert die Produktion von Kraftstoffen mit niedriger Kohlenstoffintensität und gewährt einen Steuervorteil von 1,00 $ pro Gallone für jede 50-punktige Reduktion der Kohlenstoffintensität unterhalb von positiven 50 Punkten der Kohlenstoffintensität.
Die RNG-Produktion von Aemetis wird voraussichtlich bis 2025 um 80% auf 550.000 MMBtu jährlich steigen, was erhebliche Einnahmen aus Steuergutschriften generiert. Die Biogasprojekte des Unternehmens, die Milchrückstände nutzen, sollen aufgrund ihrer negativen Kohlenstoffintensität erhebliche Steuergutschriften generieren. Die von USDA-Darlehen finanzierten Fermenter von Aemetis werden bei voller Betriebsfähigkeit voraussichtlich jährlich etwa 1,6 Millionen MMBtu RNG produzieren, mit erwarteten jährlichen Einnahmen von 250 Millionen Dollar.
- IRS approval for Section 45Z Production Tax Credits (PTCs) effective January 1, 2025.
- 80% increase in RNG production to 550,000 MMBtu annually by 2025.
- Potential for significant tax credit revenues due to negative carbon intensity.
- Expected annual revenues of $250 million from fully operational biogas projects.
- None.
Insights
The IRS approval for 45Z Production Tax Credits represents a significant financial catalyst for Aemetis. The company is positioned to benefit from an estimated
The 45Z PTC program marks a strategic shift in U.S. renewable fuel policy, favoring domestic production over imported fuels. The scaled incentive structure, providing higher credits for lower carbon intensity fuels, strongly advantages Aemetis' dairy RNG operations. Their negative carbon intensity score of
Renewable Natural Gas Production Expected to Increase by
CUPERTINO, Calif., Dec. 17, 2024 (GLOBE NEWSWIRE) -- Aemetis, Inc. (NASDAQ: AMTX), a renewable natural gas and renewable fuels company focused on low and negative carbon intensity products, announced today that its operating ethanol and renewable natural gas (RNG) facilities have received approval from the Internal Revenue Service for Excise Tax Registration for Section 45Z Production Tax Credits (PTCs) under the federal Inflation Reduction Act (IRA).
The Aemetis Advanced Fuels Keyes, Inc. and Aemetis Biogas production entities are registered as producers of clean transportation fuel. The Section 45Z Production Tax Credit provides a transferrable federal income tax credit for producing fuels with greenhouse gas profiles, referred to as “carbon intensity,” lower than petroleum-based fuels and specified statutory thresholds. Registration information was required to be filed before July 15, 2024, to be assured of registration prior to January 1, 2025, when the 45Z Production Tax Credit is scheduled to commence under the IRA, and Aemetis timely completed the required registration process.
"The 45Z Production Tax Credit creates incentives for the domestic production of renewable, low carbon fuels, replacing the blenders tax credit that supports both imported and domestic fuels," said Eric McAfee, Chairman and CEO of Aemetis. “The 45Z PTC directly encourages the production of lower carbon intensity renewable fuels by providing a scaled tax credit that increases with lower carbon intensity fuels, at the rate of
Under the federal Renewable Fuel Standard (RFS) passed in 2007, one million British Thermal Units (MMBtu) of RNG contains the equivalent of 11.7 gallons of energy, thereby generating D3 Renewable Identification Numbers at the rate of 11.7 D3 RINs for every one MMBtu. The number of gallon equivalents of 11.7 under the RFS multiplied times an
Aemetis Biogas is expanding operations, currently with ten digesters operating and two more nearing final completion for a total of twelve digesters processing waste from sixteen dairies. Combined, these digesters are designed to produce an estimated 550,000 MMBtu per year of RNG in 2025, approximately an
Aemetis has experience in the sale of tax credits, including the sale of
When fully operational, the dairies in the Aemetis Biogas Central Dairy Project are expected to produce more than 1.6 million MMBtu per year of RNG and generate annual revenues of
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 the 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, 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:
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PCG Advisory Group
(646) 863-6519
ksmith@pcgadvisory.com
Company Investor Relations/
Media Contact:
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(408) 213-0940
investors@aemetis.com
FAQ
What is the significance of the IRS approval for Aemetis (AMTX)?
How much is Aemetis (AMTX) expected to increase its RNG production by 2025?
What are the expected annual revenues from Aemetis' (AMTX) biogas projects when fully operational?
How does the Section 45Z Production Tax Credit benefit Aemetis (AMTX)?
What is the carbon intensity reduction required for Aemetis (AMTX) to receive the maximum tax credit under Section 45Z?
What funding has Aemetis (AMTX) secured for its biogas projects?
How many digesters are currently operational in Aemetis' (AMTX) biogas project?
What is the estimated carbon intensity of Aemetis' (AMTX) dairy RNG?
