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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) announced a presentation at the Virtual Roth Capital Conference from March 15-17, 2021, led by Chairman and CEO Eric McAfee. The presentation will cover the Aemetis Five Year Plan, emphasizing projects like negative carbon intensity renewable natural gas and renewable jet/diesel fuel production. Key initiatives include the Aemetis Biogas Central Dairy Project and the Carbon Zero project. Aemetis aims to leverage grant funding to enhance its renewable fuel operations, including a planned 45 million-gallon renewable fuel plant in California.
Aemetis, a renewable fuels company, reported its financial results for 2020, revealing revenues of $166 million, down from $202 million in 2019. Despite challenges from COVID-19, revenues for ethanol production remained relatively stable at $112 million. Gross profit margins improved by 6%, while SG&A expenses decreased. However, net losses increased to $36.7 million, although this represented a 7% improvement over 2019's losses. The company is progressing on its Carbon Zero project and expanding its renewable natural gas initiatives, aiming for enhanced profitability in 2021.
Aemetis, Inc. (NASDAQ: AMTX) has announced a conference call scheduled for March 11, 2021, at 11 am PST to discuss its fourth quarter and year-end earnings report for 2020. Investors can dial in or access the live webcast via the company’s website. Aemetis specializes in renewable natural gas, fuels, and biochemicals, and is expanding its biogas digester network while operating facilities in California and India. The company is also developing a Carbon Zero renewable jet and diesel production facility.
Aemetis, Inc. (NASDAQ: AMTX) has announced a comprehensive five-year plan aimed at achieving $1.07 billion in revenues and $325 million in adjusted EBITDA by 2025. This plan projects a 35% CAGR in revenues and a 109% CAGR in EBITDA from 2021. The growth is primarily driven by California's dairy Renewable Natural Gas (RNG) and ‘Carbon Zero’ renewable jet/diesel plants. Notably, revenues from the Dairy RNG project are expected to soar from $9 million in 2021 to $175 million in 2025, while the renewable jet/diesel plants are projected to generate $467 million in revenues.
Aemetis (NASDAQ: AMTX) announced that Chairman and CEO Eric McAfee will present at the Credit Suisse 2021 Virtual Energy Summit from March 1-3, 2021. The presentation will focus on the company's carbon-negative renewable projects, including the Central Dairy Biogas Project and the Carbon Zero 1 renewable jet and diesel plant. This facility, located in Riverbank, California, aims to produce 23 million gallons per year using patented technology. Aemetis seeks to commercialize its Carbon Zero process, supported by $38 million in grants from various U.S. agencies.
Aemetis (NASDAQ: AMTX) has engaged Koch Project Solutions to provide engineering and project management for its expansion projects. The Carbon Zero 1 facility in California will produce about 23 million gallons of renewable jet fuel and diesel annually, utilizing hydrogen from waste biomass and powered by renewable sources. This project supports growing demand for low-carbon fuels amid increasing environmental commitments. Aemetis expects its renewable fuels to have a lifecycle greenhouse gas footprint below zero, leveraging funding from various US agencies.
Aemetis, Inc. (NASDAQ: AMTX) has initiated a bid proposal process for $2 billion of offtake contracts to launch its Aemetis Carbon Zero plant #1. This facility aims to produce renewable jet fuel and diesel from renewable hydrogen and waste biomass. Located in Riverbank, California, the plant will have a capacity of 23 million gallons annually. The Carbon Zero process enables users, including airlines and logistics firms, to reduce carbon emissions significantly. The project has received $38 million in support from various government entities, underscoring its potential impact on the transportation sector's carbon footprint.
Aemetis, Inc. (NASDAQ: AMTX) announced the development of its "Carbon Zero 1" biofuels production plant in Riverbank, California, which will generate 25 million gallons per year of renewable jet fuel and diesel. The plant aims to supply ultra-low carbon fuels to the aviation and truck markets, utilizing renewable hydrogen and non-edible vegetable oils. Funded by various agencies, including the California Energy Commission, this facility integrates with existing Aemetis plants to produce low-carbon fuels from agricultural waste, promising a significant reduction in greenhouse gas emissions.
Aemetis (NASDAQ: AMTX) has secured $16.8 million in grants for its 'Carbon Zero' biofuels project aimed at upgrading its Keyes, California plant. This initiative is projected to generate an increased annual net income of approximately $18 million, equating to $0.75 earnings per share. The upgrades leverage patented technology to convert agricultural and forest waste into renewable fuels, with a focus on achieving a below zero carbon footprint. The support comes from the California Energy Commission and other institutions.
Aemetis (NASDAQ: AMTX) announced its patented technology for producing below zero carbon renewable fuel has been awarded U.S. Patent No. 10907184. This technology will be utilized in its Carbon Zero production plants, which will use agricultural waste wood and renewable energy to create energy-dense fuels. The first plant, Carbon Zero 1, is set to be established in Riverbank, California, aiming for a 90% reduction in feedstock costs while significantly enhancing biofuel value through reduced carbon intensity. The project enjoys backing from several governmental and private entities.
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