Welcome to our dedicated page for Aemetis (DE) news (Ticker: AMTX), a resource for investors and traders seeking the latest updates and insights on Aemetis (DE) stock.
Aemetis, Inc. (NASDAQ: AMTX), headquartered in Cupertino, California, is a leading renewable natural gas and renewable fuels company dedicated to the development and commercialization of innovative technologies that aim to replace traditional petroleum-based products. Established in 2006, Aemetis has grown to become a significant player in the renewable energy sector, focusing on the conversion of first-generation ethanol and biodiesel plants into advanced biorefineries.
The company owns and operates a 65 million gallon per year ethanol production facility in California’s Central Valley near Modesto. This plant produces low carbon renewable fuel ethanol, Wet Distillers Grains, Distillers Corn Oil, and Condensed Distillers Solubles, all sold to local dairies and feedlots as animal feed. Additionally, Aemetis operates a 60 million gallon per year production facility on the East Coast of India, producing high-quality distilled biodiesel and refined glycerin for customers in India, the US, and Europe.
Aemetis is also spearheading the development of the Carbon Zero sustainable aviation fuel (SAF) and renewable diesel fuel biorefineries in California. These facilities will utilize renewable hydrogen, hydroelectric power, and renewable oils to produce low carbon intensity renewable jet and diesel fuel. The company's biogas operations include a network of dairy biomethane digesters in California’s Central Valley, producing renewable natural gas (RNG) from dairy waste methane.
In recent developments, Aemetis has secured $200 million in EB-5 program investment for its Riverbank sustainable aviation fuel plant, dairy RNG project, carbon sequestration project, and energy efficiency upgrades to the Keyes ethanol plant. The company has also received Authority to Construct permits for its Riverbank SAF/RD plant, expected to produce up to 78 million gallons per year of SAF. Furthermore, Aemetis has been awarded $10.5 million of Inflation Reduction Act (IRA) tax credits to support energy efficiency projects at the Keyes facility.
Financially, Aemetis continues to show robust growth. In the latest earnings report, the company generated $186.7 million in total revenue for the year 2023, with significant increases from its India Biodiesel segment. Aemetis is on track to achieve its ambitious Five-Year Plan, projecting $1.95 billion in revenues and $645 million of adjusted EBITDA by 2028.
Aemetis (NASDAQ: AMTX), a renewable fuels company, has successfully reincorporated from Nevada to Delaware, a move approved by shareholders at the August 26, 2021 meeting. The legal domicile change requires no additional shares and maintains the current board and management structure. As of December 3, 2021, there are 33,289,689 shares outstanding. CEO Eric McAfee stated this milestone is strategic for future financing and growth in negative carbon intensity products, including renewable fuels and biochemicals.
Aemetis, Inc. (NASDAQ: AMTX) has signed a seven-year offtake agreement with American Airlines for 280 million gallons of blended Sustainable Aviation Fuel (SAF), valued at over $1.1 billion. The fuel, which comprises 40% SAF and 60% Petroleum Jet A, is set to aid American Airlines in achieving net zero carbon emissions by 2050. Production will occur at Aemetis' renewable jet/diesel plant in Riverbank, California, expected to start in 2024. This agreement aligns with broader industry goals of transitioning to sustainable fuels to mitigate environmental impact.
Aemetis, Inc. (NASDAQ: AMTX) has signed memorandums of understanding with eight airlines in the oneworld Alliance for 350 million gallons of blended sustainable aviation fuel (SAF) to be delivered to San Francisco International Airport. The agreement spans a seven-year term starting in 2024. The blended fuel will consist of 40% SAF and 60% petroleum jet fuel, aligning with international standards. Aemetis is developing the Carbon Zero plant in California, which will produce SAF using waste materials. This initiative is part of the oneworld commitment to achieve 10% SAF use by 2030 and net-zero emissions by 2050.
Aemetis, Inc. (NASDAQ: AMTX) has announced the signing of a non-binding term sheet for $100 million in new debt financing aimed at supporting carbon reduction initiatives and working capital. The financing includes $50 million for projects like sustainable aviation fuel and renewable diesel production, along with upgrades to its Keyes ethanol plant. The company has successfully repaid over $55 million in high-interest debt during 2021. Additionally, Aemetis is pursuing a $125 million USDA guaranteed loan and expects to finalize the new financing under customary conditions.
Aemetis (NASDAQ:AMTX) reported a 50.4% increase in North America revenues to $49.8 million in Q3 2021, driven by rising demand and pricing in the liquid transportation fuel market. Capital expenditures for ultra-low carbon projects reached $18.8 million. However, the company faced a gross loss of $4.8 million, largely due to a $5.3 million reserve for California emissions compliance. The net loss expanded to $17.6 million from $12.2 million year-over-year. Overall revenues for the first nine months of 2021 increased to $147.6 million, yet gross loss was reported at $4.7 million.
Aemetis, Inc. (NASDAQ: AMTX) has announced a conference call scheduled for November 11, 2021, at 11 am PST to discuss its third quarter 2021 earnings report. Interested parties can join via toll-free or international dial-in numbers, or through a webcast. The company focuses on transforming renewable energy, specifically through its Carbon Zero production process aimed at decarbonizing transportation fuels. Aemetis operates biogas digester networks, an ethanol production facility in California, and a biodiesel facility in India. More details available at their website.
Aemetis, a renewable fuels company, has partnered with CTCI America to provide engineering services for its Carbon Zero plant in Riverbank, California. This facility aims to produce sustainable aviation fuel and renewable diesel utilizing waste wood, with an initial capacity of 45 million gallons annually, expandable to 90 million gallons. Aemetis also secured a 10-year supply agreement with Delta Air Lines for 250 million gallons of blended Sustainable Aviation Fuel, potentially generating $1 billion in revenue. This collaboration highlights Aemetis's commitment to reducing carbon intensity in transportation fuels.
Aemetis, Inc. (NASDAQ: AMTX) has appointed Timothy Alan Simon, Esq. to its Board of Directors, effective October 14, 2021. Simon, a former Commissioner of the California Public Utilities Commission, brings extensive experience in energy markets and regulation. His role is expected to enhance Aemetis' capabilities as the company focuses on renewable natural gas and sustainable fuels. The board expressed support for Simon’s appointment, highlighting his regulatory expertise. Aemetis is dedicated to producing low carbon intensity transportation fuels and is expanding its renewable energy initiatives.
Aemetis, Inc. (NASDAQ: AMTX) has entered a significant offtake agreement with Delta Air Lines for 250 million gallons of sustainable aviation fuel (SAF) over 10 years, valued at over $1 billion. The fuel, benefiting from lower lifecycle carbon emissions, is set to be produced at Aemetis' renewable jet/diesel plant in California, with deliveries starting in 2024. This partnership aligns with Delta's commitment to carbon neutrality and aims to replace 10% of its conventional jet fuel with SAF by 2030. Aemetis's Carbon Zero project utilizes waste wood for production, enhancing its sustainability efforts.
Aemetis, Inc. (NASDAQ: AMTX), a leader in renewable natural gas and fuels, will present its low carbon intensity projects at the Advanced Biofuels Leadership Conference on October 28, 2021, led by Chairman and CEO Eric McAfee. The company is developing a 90 million gallon per year Carbon Zero sustainable aviation fuel plant in Riverbank, California, aiming for below zero carbon intensity. With existing biogas projects, Aemetis expects to reduce greenhouse gas emissions equivalent to 1.1 million cars annually. The projects are supported by $57 million in grants from various U.S. agencies.
FAQ
What is the current stock price of Aemetis (DE) (AMTX)?
What is the market cap of Aemetis (DE) (AMTX)?
What does Aemetis, Inc. do?
Where is Aemetis headquartered?
What are the key products of Aemetis?
What recent financial achievements has Aemetis made?
What is Aemetis' Five-Year Plan?
What recent permits and investments has Aemetis received?
What are the main operational facilities of Aemetis?
How does Aemetis contribute to greenhouse gas reduction?
What partnerships and markets does Aemetis serve?
What technological advancements is Aemetis involved in?
