Welcome to our dedicated page for Aemetis news (Ticker: AMTX), a resource for investors and traders seeking the latest updates and insights on Aemetis stock.
Aemetis Inc (AMTX) is an advanced renewable fuels and biochemicals company operating production facilities in California and India. The company's news coverage reflects developments across its ethanol, biodiesel, and biogas business segments, along with regulatory approvals and project financing activities that shape its expansion plans.
News about Aemetis typically encompasses quarterly financial results revealing operational performance at its California ethanol facility and Indian biodiesel plant. Regulatory updates prove particularly significant for this company, as approvals from agencies like California's Air Resources Board (CARB) directly impact revenue potential through carbon credit programs. Construction agreements, equipment procurement announcements, and permitting milestones provide visibility into the company's biogas and biorefinery development projects.
Investors tracking AMTX news should pay attention to LCFS credit pricing dynamics, feedstock cost trends, and changes to renewable fuel policies at both state and federal levels. The company's project development activities, including dairy biogas digester installations and facility upgrades, generate material announcements that affect growth trajectories. Financial updates often detail revenues from fuel sales versus carbon credit sales, offering insight into how regulatory programs impact overall business performance.
This news feed aggregates coverage from financial newswires, regulatory filings, and company announcements to provide comprehensive visibility into Aemetis's operations. Given the company's dependence on environmental policies and complex project development timelines, following news updates helps investors understand both operational execution and the evolving regulatory landscape affecting renewable fuel economics.
Aemetis, Inc. (NASDAQ: AMTX) has entered a multi-year agreement with International Airlines Group (IAG) to supply sustainable aviation fuel (SAF) starting in 2025. The deal involves 78,400 tonnes of SAF, projected to reduce CO2 emissions by 248,000 tonnes, roughly equivalent to removing 16,000 cars from the road. The SAF will be produced at Aemetis' Carbon Zero plant in California, designed to utilize 100% renewable electricity and sequester CO2. IAG has already invested $865 million in SAF purchases, emphasizing its commitment to achieving net zero carbon emissions by 2050.
Aemetis (NASDAQ:AMTX) reported a 20% revenue increase for Q2 2022, reaching $65.9 million, driven by higher ethanol prices of $3.13 per gallon. The company's investments in carbon reduction projects totaled $12.1 million this quarter and $23.5 million year-to-date. However, it experienced a gross loss of $214,000 compared to last year's profit of $3.6 million. Despite a net loss of $209,000 for Q2, this represented an improvement from a net loss of $10.6 million in the same period last year.
Aemetis, Inc. (NASDAQ: AMTX) announced a conference call to discuss its second quarter 2022 earnings.
Date: August 4, 2022
Time: 11 AM PST
Dial-In: Toll-Free +1-877-545-0523, International +1-973-528-0016
The webcast can be accessed on the company's website and will be available for replay until August 11, 2022. Aemetis focuses on transforming renewable energy, producing zero-carbon fuels, and operates facilities in California and India.
Aemetis, Inc. (NASDAQ: AMTX) has announced the acquisition of 24 acres within the Riverbank Industrial Complex to develop a Carbon Capture and Sequestration (CCS) injection well. This facility is projected to sequester 1 million metric tonnes of CO2 annually from various sources. The company aims to obtain necessary data for the EPA Class VI CO2 injection well permit application.
With more than $72 million in federal funding allocated for upgrades, this project supports Aemetis's mission to enhance its biofuels' sustainability, ultimately contributing to climate mitigation efforts.
Aemetis, Inc. (NASDAQ: AMTX) announced a significant milestone in its renewable natural gas (RNG) project with the commissioning of its biogas cleanup and compression unit in Keyes, California. This event, celebrated in partnership with PG&E, marks the interconnection with PG&E's gas pipeline, enabling the production of utility-grade RNG for transportation fuel. Aemetis plans to expand its project to over 60 dairies, capturing over 1.6 million MMBtu of dairy methane annually, contributing to California's carbon neutrality goals by 2045.
Aemetis, Inc. (NASDAQ: AMTX) has operationalized the Ahlem Farms Jerseys dairy digester, connecting it to its RNG gas cleanup hub in California. This marks the third digester linked to the Aemetis Advanced Fuels facility. The company plans to complete five additional digesters by Q4 2022. Funded partly by a $1.4 million grant from the California Department of Food and Agriculture and a $4.2 million grant from the California Energy Commission, these initiatives will support the production of renewable natural gas (RNG) with negative carbon intensity, aiming to reduce greenhouse gas emissions.
Aemetis (NASDAQ: AMTX) has announced the completion of a 20-mile segment of its biogas pipeline project in Merced County, California, with construction of the remaining 19 miles approved and on track for completion in Q4 2022. This project, crucial for the company’s renewable natural gas (RNG) initiative, will connect dairy biogas to the gas cleanup facility, promoting carbon negative fuel use in transportation. The project will contribute to reducing greenhouse gas emissions significantly, aiming to eliminate emissions equivalent to 1 million cars annually and offset about 5 million metric tonnes of CO2.
Aemetis, Inc. (NASDAQ: AMTX) has signed a seven-year offtake agreement with Alaska Airlines for 13 million gallons of blended sustainable aviation fuel (SAF). This fuel is composed of 40% SAF and 60% Petroleum Jet A, set to be supplied to San Francisco International Airport. The partnership aims to enhance SAF availability in the Bay Area, contributing to aviation decarbonization. The production will occur at Aemetis's upcoming plant in Riverbank, California, which utilizes renewable electricity and captures CO2 to achieve below zero carbon intensity.
Aemetis (NASDAQ: AMTX) announced a six-year supply agreement with Trillium to provide approximately 600,000 MMBtu of renewable natural gas (RNG) for transportation fuel in California, replacing about 4.3 million gallons of diesel. This initiative supports Aemetis' goal of reducing carbon intensity in fuels. The company's biogas projects are expanding, with plans to produce 1.6 million MMBtu of RNG annually by 2026. The RNG is scheduled for delivery to Trillium in late 2022, pending certification from CARB.
Aemetis (NASDAQ:AMTX) reported a 22% revenue increase in Q1 2022, reaching $52.0 million compared to $42.8 million in Q1 2021, driven by higher ethanol prices at $2.58 per gallon. Although the company posted a net loss of $18.3 million, it saw an improvement in gross loss, decreasing to $3.1 million. Aemetis invested $11.4 million in carbon reduction projects and signed significant off-take agreements totaling $6.7 billion. Cash reserves decreased to $5.5 million, down from $7.8 million in Q4 2021.
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