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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, Inc. (NASDAQ: AMTX) is set to host a conference call on August 12, 2021, at 11 AM PST to discuss its second quarter 2021 earnings report. Participants can join via toll-free dial-in numbers or through a webcast link provided in the announcement. After August 19, the webcast will be accessible on Aemetis' official website. The company is focused on renewable energy solutions, particularly through its Carbon Zero initiative aimed at reducing carbon intensity in transportation fuels. Aemetis operates facilities in California and India to produce renewable fuels and biochemicals.
Aemetis (NASDAQ: AMTX) has appointed Mehagan Hopkins as the Manager of Carbon Capture and Sequestration Regulatory and Compliance. With over a decade of experience at Chevron, including extensive work in environmental compliance, Hopkins is expected to enhance the company's efforts in biofuels and carbon capture projects. Her role will involve leading EPA and regulatory approvals for Aemetis' CCS initiatives and renewable fuel biorefineries. This strategic hire aligns with Aemetis' commitment to sustainable energy solutions and its Five Year Plan aimed at reducing carbon emissions.
Aemetis, Inc. (NASDAQ: AMTX) is developing two carbon sequestration wells in Central California to capture and sequester up to two million metric tonnes of CO2 annually. Negotiations have commenced for the supply of 1.6 million metric tonnes per year of CO2, which could generate approximately $500 million in annual revenue from carbon capture credits. The initiative is expected to offset emissions equivalent to the annual output of about 350,000 cars. The California LCFS and IRS 45Q programs support these efforts with significant revenue potential.
Aemetis (NASDAQ: AMTX) has engaged Worley for engineering services on its Carbon Zero renewable jet and diesel project in Riverbank, California. Planned to initiate operations in 2023, the facility aims to produce low carbon intensity fuels from renewable oils and hydrogen sourced from wood waste. The production capacity is set to reach 45 million gallons annually, later expanding to 90 million gallons by early 2025. This project, part of Aemetis' commitment to sustainable energy, positions it to serve the aviation and trucking sectors with eco-friendly fuel solutions.
Aemetis, Inc. (NASDAQ: AMTX) will be added to the Russell 3000® and Russell Microcap® Indexes after the annual reconstitution on June 28, 2021. This inclusion, determined by market capitalization rankings as of May 7, is expected to enhance investor awareness of Aemetis' renewable fuels, including its Dairy Renewable Natural Gas project. The Russell indexes, which benchmark around $10.6 trillion in assets, provide significant visibility among institutional investors and contribute to Aemetis' long-term investor base focused on climate and ESG goals.
Aemetis, Inc. (NASDAQ: AMTX) has signed a $200 million biofuels offtake agreement with Murex, LLC to deliver low carbon biofuels from 2021 to 2023. The deal includes selling fuel at a fixed discount tied to market prices and integrates advanced technologies to lower carbon intensity at Aemetis' Keyes, California biorefinery. Supported by $16.7 million in grants from California Energy Commission, Aemetis aims to eliminate petroleum natural gas reliance and produce the world's lowest carbon intensity ethanol using renewable energy sources.
Aemetis (NASDAQ: AMTX) has announced that its Chairman and CEO, Eric McAfee, will participate in the Stifel Virtual Cross Sector Insight Conference on June 10, 2021. He will serve on the “Future of Energy” panel at 9:20 am ET and deliver the Aemetis corporate presentation at 2:40 pm ET. During the conference, McAfee will discuss Aemetis' projects, including the Central Dairy Biogas renewable natural gas initiative and the Carbon Zero 1 facility, which aims to produce renewable jet fuel and diesel.
The company projects a capacity of 45 million gallons per year by 2023, scaling up to 90 million gallons by 2025.
Aemetis, Inc. (NASDAQ: AMTX) has received a second patent for technology that allows the extraction of sugars from waste wood using ionic liquids. This patented process is projected to cut feedstock costs by up to 90% and reduce carbon intensity in renewable fuels. Developed with support from the U.S. Department of Energy and the California Energy Commission, the technology facilitates the conversion of waste wood into cellulosic ethanol and renewable hydrogen. The first Carbon Zero production plant will be built in California to enhance efficiency in renewable fuel production.
Aemetis (NASDAQ: AMTX) has received a grant from the U.S. Forest Service to commercialize a patented process that extracts cellulosic sugars from waste orchard and forest wood using ionic liquids technology. This process aims to produce high-value cellulosic ethanol at Aemetis' existing plant. The remaining lignin will be utilized for producing cellulosic hydrogen, supporting renewable jet and diesel fuel production. The Carbon Zero 1 biorefinery is set to begin operations in 2023, with a capacity of 45 million gallons per year, doubling to 90 million gallons by 2025.
Aemetis, Inc. (NASDAQ: AMTX) announced significant progress in its Aemetis Biogas Central Dairy Digester Project as construction has commenced on a $12 million biogas cleanup and compression unit in Keyes, California. This unit will produce Renewable Natural Gas (RNG) compliant with utility standards, set to be operational by Q4 2021. The facility will connect over 30 dairies to a natural gas pipeline and generate 440,000 MMBtu/year of biogas. This initiative underscores Aemetis' commitment to reducing carbon intensity in fuel production.
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