Aemetis Stock Price, News & Analysis

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.

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.

Aemetis (NASDAQ: AMTX) announced progress on its Carbon Zero sustainable aviation fuel and renewable diesel plant in Riverbank, California. Engineering work by CTCI Americas is on schedule for permitting and procurement to start in Q4 2022. The plant, located on a 125-acre site, aims to produce 90 million gallons per year of renewable fuels using renewable hydrogen and hydroelectric electricity. Collaborating with ATSI, Aemetis is utilizing extensive engineering expertise to ensure efficient project execution. This initiative supports the company's mission to reduce greenhouse gas emissions significantly.

Aemetis, Inc. (NASDAQ: AMTX) announced supply agreements totaling $7 billion for sustainable aviation fuel (SAF) and renewable diesel (RD) with ten airlines, including Cathay Pacific. These contracts encompass 916 million gallons of blended SAF, valued at approximately $3.8 billion, and will be delivered over seven to ten years. The production will occur at a new facility in Riverbank, California, which aims to utilize renewable resources to minimize greenhouse gas emissions. The airline agreements target major carriers like Delta and American Airlines, contributing to the aviation industry's decarbonization efforts.

Aemetis, Inc. (NASDAQ: AMTX) has commissioned the first Mitsubishi ZEBREX™ system in North America at its Keyes ethanol plant, enhancing operational efficiency and sustainability. This technology is expected to reduce energy costs by over $5 million annually and lower petroleum natural gas consumption by more than 20%, generating approximately $3.4 million in savings per year. The project, costing around $10 million, is backed by over $1 million in grant funding. The upgrades aim to significantly decrease carbon emissions, aligning with Aemetis' goal of producing below zero carbon intensity renewable fuels.

Aemetis (NASDAQ: AMTX) announced that its Universal Biofuels subsidiary in India will supply approximately 8 million gallons of biodiesel over the next two months, generating an estimated $41 million in revenue. This demand arises from three government-controlled oil companies and a major oil refiner, driven by India's National Biofuels Policy which aims to reduce air pollution and enhance domestic fuel production. The biodiesel plant is expected to operate at nearly 100% capacity, meeting ongoing market needs.

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.