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Aemetis, Inc. (DE) - AMTX STOCK NEWS

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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.

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Aemetis (NASDAQ: AMTX) will host a conference call on March 9, 2023, at 11 am PST to discuss its fourth quarter and year-end 2022 earnings report. Investors can participate via toll-free or international dial-in numbers or through a live webcast available on the company’s website. Aemetis focuses on renewable energy with a mission to provide below-zero carbon intensity transportation fuels. The company is known for its Carbon Zero production process aimed at decarbonizing the transportation sector. Aemetis operates an ethanol production facility in California and a biodiesel facility in India, along with developing sustainable aviation fuel and renewable diesel biorefineries.

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Aemetis, a prominent producer of low-carbon dairy Renewable Natural Gas (RNG) and developer of Carbon Zero renewable fuels, has unveiled its updated Five Year Plan targeting $2.0 billion in revenues, $496 million in net income, and $682 million in Adjusted EBITDA by 2027. The plan anticipates a 43% compound annual growth rate in revenues and 77% in Adjusted EBITDA from 2023 to 2027. Key initiatives include expanding dairy RNG production, Sustainable Aviation Fuel (SAF), and Renewable Diesel (RD) plants. The Inflation Reduction Act is expected to enhance net income by $341 million by 2027. The company aims for significant revenue growth across product lines, particularly dairy RNG and SAF/RD.

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Aemetis, a renewable natural gas and fuels company, hosted CDFA Secretary Karen Ross for a site tour on February 9, 2023, to discuss its leadership in the Circular Bioeconomy. The initiative focuses on integrating agricultural waste to produce low carbon intensity renewable fuels. Aemetis aims to capture methane from 60 dairy farms, reducing greenhouse gas emissions by an estimated 6.8 million metric tonnes over ten years. The company is also developing a sustainable aviation fuel facility in Riverbank, California, with contracts worth $7 billion. This project uses renewable hydrogen and aims to sequester 300,000 metric tonnes of CO2 annually.

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Aemetis (NASDAQ: AMTX) has announced the acceptance of service for new infrastructure aimed at producing renewable natural gas (RNG) from dairy waste in California. Following the completion of a 36-mile biogas pipeline, two biogas digesters, and a biogas-to-RNG upgrading facility, Aemetis is expanding its operations to capture methane emissions from 60 dairy farms. This project aims to reduce greenhouse gas emissions by an estimated 6.8 million metric tonnes over ten years. The initiative is funded partly by a $4.2 million grant from the California Energy Commission and a $5 million grant from the CPUC. Aemetis plans to submit applications for CARB Pathway approval in February.

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Aemetis has commenced construction of a 2 MW solar microgrid with a 1.25 MW battery storage system in California, aimed at producing carbon-free electricity. The solar array is expected to generate approximately 3.2 million kWh annually, reducing greenhouse gas emissions by about 8,000 MT CO2e per year. Funded by an $8 million grant from the California Energy Commission, the $12 million project is projected for completion in Q2 2023. This initiative is part of Aemetis’ efforts to enhance energy efficiency and reduce the carbon intensity of its fuels.

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Aemetis, Inc. (NASDAQ:AMTX) reported a 44% revenue increase for Q3 2022, totaling $71.8 million compared to $50 million in Q3 2021, driven by ethanolsales and India biodiesel shipments. However, the EPS was $(0.46), impacted by a $1.55 per share preferred shareholder redemption charge. Significant capital investments of $13.7 million in carbon reduction projects were made. The net loss for Q3 was $69.8 million, partly due to a one-time redemption charge. Year-to-date revenue reached $190 million, with gross losses of $4.4 million. Aemetis closed $25 million in project financing and made advancements in low carbon initiatives.

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Aemetis, Inc. (NASDAQ: AMTX) will host a conference call on November 3, 2022, at 11 am PST to discuss its third quarter 2022 earnings report. Participants can join via toll-free and international dial-in numbers, and a webcast will be available on the company's website. Aemetis focuses on renewable energy solutions, producing zero-carbon and low-carbon fuels aimed at decreasing greenhouse gas emissions. The company is engaged in expanding a biogas network in California and operates ethanol and biodiesel production facilities.

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Aemetis, Inc. (NASDAQ: AMTX) announced the closing of $25 million in long-term financing with Greater Commercial Lending (GCL) to develop a biogas project in Stanislaus County, California. The financing, guaranteed by the USDA, aims to construct dairy biogas digesters and a pipeline to convert methane from dairy waste into renewable natural gas (RNG). This initiative is poised to capture over 1.65 MMBtu of dairy methane annually, potentially reducing greenhouse gas emissions equivalent to 6.8 million metric tonnes of CO2 over ten years.

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Aemetis (NASDAQ: AMTX) has demonstrated a dual fuel system in partnership with the American Power Group, allowing diesel engines to run on up to 65% renewable natural gas (RNG) and 35% diesel. This technology offers significant cost savings, with annual fuel savings exceeding $30,000 per truck. The conversion cost is approximately $25,000 and can be completed in less than a day. Aemetis aims to produce carbon-negative fuels while maximizing agricultural waste usage. The patented system aligns with California's transition to cleaner energy and significantly reduces emissions from diesel-powered fleets.

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Aemetis (NASDAQ: AMTX) has signed a significant offtake agreement with Cathay Pacific Airways for 38 million gallons of blended sustainable aviation fuel (SAF) over 7 years. The SAF, composed of 40% SAF and 60% Petroleum Jet A, will help Cathay Pacific achieve its net-zero carbon emissions target by 2050. Deliveries are expected to start in 2025 from Aemetis' renewable jet/diesel plant in California. The project, powered by renewable electricity and designed for CO2 capture, aims to permanently store around 300,000 metric tonnes of CO2 annually.

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FAQ

What is the current stock price of Aemetis (DE) (AMTX)?

The current stock price of Aemetis (DE) (AMTX) is $2.62 as of December 20, 2024.

What is the market cap of Aemetis (DE) (AMTX)?

The market cap of Aemetis (DE) (AMTX) is approximately 137.8M.

What does Aemetis, Inc. do?

Aemetis, Inc. is a renewable fuels and biochemicals company focused on developing technologies to replace traditional petroleum-based products through the conversion of ethanol and biodiesel plants into advanced biorefineries.

Where is Aemetis headquartered?

Aemetis, Inc. is headquartered in Cupertino, California.

What are the key products of Aemetis?

Key products of Aemetis include renewable natural gas (RNG), ethanol, biodiesel, distilled biodiesel, refined glycerin, and sustainable aviation fuel (SAF).

What recent financial achievements has Aemetis made?

In 2023, Aemetis generated $186.7 million in total revenue, with significant contributions from its India Biodiesel segment.

What is Aemetis' Five-Year Plan?

Aemetis' Five-Year Plan projects $1.95 billion in revenues and $645 million of adjusted EBITDA by 2028, driven by expansions in renewable natural gas, biodiesel, SAF/RD, and carbon capture and sequestration projects.

What recent permits and investments has Aemetis received?

Aemetis received Authority to Construct permits for its Riverbank SAF/RD plant and $200 million in EB-5 program investment for various projects, including energy efficiency upgrades.

What are the main operational facilities of Aemetis?

Aemetis operates a 65 million gallon per year ethanol production facility in California and a 60 million gallon per year biodiesel facility in India.

How does Aemetis contribute to greenhouse gas reduction?

Aemetis' renewable fuels and RNG projects significantly reduce greenhouse gas emissions by replacing fossil fuels and capturing methane emissions from dairy waste.

What partnerships and markets does Aemetis serve?

Aemetis serves markets in the US, India, and Europe and has secured over $3 billion in contracts to supply airlines with sustainable aviation fuel.

What technological advancements is Aemetis involved in?

Aemetis is involved in developing technologies for renewable hydrogen, hydroelectric power, biogas digesters, carbon sequestration, and advanced biorefineries.

Aemetis, Inc. (DE)

Nasdaq:AMTX

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137.76M
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22.82%
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Oil & Gas Refining & Marketing
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