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 (NASDAQ: AMTX) reported Q3 2024 revenues of $81.4 million, a 19% increase from Q3 2023. Revenue breakdown: California Ethanol business generated $45.0 million, India Biodiesel business $32.2 million, and Dairy Renewable Natural Gas (RNG) business $4.2 million. The company reported a gross profit of $3.9 million and a net loss of $17.9 million. The Keyes plant produced 15.5 million gallons of ethanol, while the Dairy Natural Gas segment sold 85,993 MMBtu from nine operating dairy digesters. The company's cash position at quarter-end was $296 thousand, with $4.5 million invested in capital projects during Q3 2024.
Aemetis (NASDAQ: AMTX) has scheduled its third quarter 2024 earnings conference call for Tuesday, November 12, 2024, at 11 am PST. The call will be accessible via toll-free numbers for both domestic (+1-888-506-0062) and international (+1-973-528-0011) participants, using entry code 139838. A webcast will be available on the company's website, and the voice recording will remain accessible through November 19, 2024. Participants will have the opportunity to submit questions during the Q&A session.
Aemetis (NASDAQ: AMTX) announces strong support for the updated Low Carbon Fuel Standard (LCFS) proposal ahead of California Air Resources Board's (CARB) meeting on November 8, 2024. The company urges CARB to adopt the updated LCFS, which extends goals for 20 years. The program aims to reduce greenhouse gas emissions by 85%, create over 4 million jobs, and generate cost savings in health-related expenses for Californians. The initiative focuses on decarbonizing transportation while promoting investment and job creation in California's renewable energy sector.
Aemetis (NASDAQ: AMTX) has been ranked as the 7th Hottest Company in the Bioeconomy by The Digest at the Advanced Bioeconomy Leadership Conference. The company reported significant progress across its businesses in 2024, including $100 million in biodiesel deliveries in India, RNG production capacity growth from 200,000 to 550,000 MMBtu annually, and a $12 million solar project completion. The company secured $50 million in USDA guaranteed financing with an additional $100 million in process. Aemetis has contracts with ten airlines for $3.8 billion in SAF supply and is developing a carbon sequestration project in Riverbank, California.
Aemetis, Inc. (NASDAQ: AMTX) has announced the completion of initial construction for a multi-dairy anaerobic digester in Merced County, California. This digester, designed to process waste from approximately 14,000 dairy cows across four nearby dairies, is expected to begin operations by year-end 2024. It's projected to produce over 200,000 MMBtu per year of renewable natural gas (RNG).
The project is connected to Aemetis' 36-mile biogas pipeline. Currently, Aemetis generates biogas from ten dairies, producing about 300,000 MMBtu per year of RNG. With the completion of this multi-dairy digester and two others, production is expected to increase to approximately 550,000 MMBtu of RNG per year from 16 dairies.
Aemetis Biogas has agreements with 48 dairies and plans to add 27 more. When fully operational, the Aemetis Biogas Central Dairy Project is anticipated to generate over 1.6 million MMBtu per year of RNG and annual revenues of $250 million.
Aemetis, Inc. (Nasdaq: AMTX) is urging the California Air Resources Board (CARB) to implement a 15% ethanol blend in gasoline to reduce prices and greenhouse gas emissions. California is the only state not adopting E-15, which was approved by the EPA in 2011. A study by UC Berkeley and US Naval Academy economists suggests E-15 could save California drivers $2.7 billion annually, or about $0.20 per gallon.
Adopting E-15 would have immediate environmental benefits, as ethanol emits 46% fewer air pollutants than gasoline. It supports California's climate action plans, including reducing fossil fuel dependence and promoting renewable energy. CARB can adopt new rules to allow E-15 sales in California as soon as 2025.
Aemetis (NASDAQ: AMTX) reported Q2 2024 revenues of $66.6 million, a 48% increase from Q2 2023. The California Ethanol business generated $40.1 million, India Biodiesel $28.8 million, and Dairy Renewable Natural Gas (RNG) $1.6 million. The company's Dairy RNG business now has the capacity to produce over 300,000 MMBtu of RNG annually. Aemetis commissioned a new Solar Microgrid with battery storage and received a $10.5 million IRA tax credit allocation for a Mechanical Vapor Recompression system. Despite revenue growth, the company reported a net loss of $29.2 million for Q2 2024, compared to $25.3 million in Q2 2023. Cash at the end of Q2 2024 was $234,000, down from $2.7 million at the end of Q4 2023.
Aemetis, Inc. (NASDAQ: AMTX) has announced its upcoming conference call to review the second quarter 2024 earnings report. The call is scheduled for Thursday, August 1, 2024, at 11 am Pacific Standard Time. Participants can join via toll-free or international dial-in numbers, or through a webcast link. The company will conduct a Q&A session during the call, allowing attendees to submit questions. The webcast, along with the company presentation and recent announcements, will be available on the Aemetis website under the Investors/Conference Calls section. A voice recording will be accessible until August 8, 2024, after which the webcast will remain available on the company's website.
Aemetis, Inc. (AMTX) received positive updates from Stonegate Capital Partners, highlighting their first Low Carbon Fuel Standard credits sale in the quarter, an awarded Authority to Construct air permits for their aviation plant, and progress with completed dairy digesters. These developments indicate a step towards sustainability and growth for the company.
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