Associated tags: Carbon, Natural gas, Ethanol, Corn oil, Oil, Renewable natural gas, SAF, Renewable energy, RNG, Video game, Transport
Locations: KAKINADA, SAN FRANCISCO, UNITED STATES, CA, RIVERBANK, NEW YORK, CALIFORNIA
Authority,
EPA,
Natural gas,
Construct,
Conference,
UBS,
Carbon,
Biofuel,
Federation,
USCIS,
JPMorgan Chase,
IRA,
SAF,
Aviation,
EB-5,
Renewable energy The presentation will include a review of the recent federal U.S.
Key Points:
- The presentation will include a review of the recent federal U.S.
- Citizenship and Immigration Services (USCIS) approval of $200 million of EB-5 funding for Aemetis sustainable aviation fuel, dairy renewable natural gas, and carbon sequestration projects.
- An aggregate of $3.8 billion of offtake agreements have been signed with ten airlines for SAF supply.
- With the expansion of these businesses, Aemetis plans growth to more than $1.9 billion of revenues and $645 million of EBITDA in the fifth year of the current Aemetis Five Year Plan.
Mechanical,
IRA,
IRS,
Natural gas,
Sale,
CEC,
Biofuel,
Carbon,
Inflation,
Internal Revenue Service,
DOE,
Mechanical vapor recompression,
Average revenue per user,
MVR,
Renewable energy The Aemetis Five Year Plan projects that Aemetis will receive a total of $450 million of IRA tax credits to support funding of its renewable fuels projects.
Key Points:
- The Aemetis Five Year Plan projects that Aemetis will receive a total of $450 million of IRA tax credits to support funding of its renewable fuels projects.
- In October 2023, Aemetis completed the sale of $63 million of IRA tax credits to a single buyer and received $55 million in funding.
- Aemetis was awarded the $10.5 million allocation of transferable tax credits to support the Mechanical Vapor Recompression (MVR) energy efficiency project and other energy efficiency projects at the Aemetis Keyes ethanol production facility in California.
- The Section 48C tax credits are transferable from project developers to entities with income tax liabilities in order to provide funding to projects.
Microsoft,
Natural gas,
Growth,
Authority,
Accounting,
ERP,
Construct,
Aviation,
IPO,
Carbon,
SAF,
EPA,
CO2,
Policy,
Renewable energy CUPERTINO, CA, April 01, 2024 (GLOBE NEWSWIRE) -- via NewMediaWire -- Aemetis, Inc. (NASDAQ: AMTX), a renewable natural gas and renewable fuels company focused on low and negative carbon intensity products, today announced the design, installation and implementation of the Microsoft DynamicsTM enterprise resource planning (ERP) system worldwide for all Aemetis operations in the U.S. and India to support current operations and expansion projects.
Key Points:
- CUPERTINO, CA, April 01, 2024 (GLOBE NEWSWIRE) -- via NewMediaWire -- Aemetis, Inc. (NASDAQ: AMTX), a renewable natural gas and renewable fuels company focused on low and negative carbon intensity products, today announced the design, installation and implementation of the Microsoft DynamicsTM enterprise resource planning (ERP) system worldwide for all Aemetis operations in the U.S. and India to support current operations and expansion projects.
- The tools and processes required to operate a global company, including manufacturing, supply chain, finance and accounting, are included in the Microsoft DynamicsTM ERP system.
- The ERP system will enable both ongoing operations as well as multiple simultaneous construction projects.
- Due to the expansion of these businesses, Aemetis plans growth to more than $1.9 billion of revenues and $645 million of EBITDA in the fifth year of the Aemetis Five Year Plan.
Ethanol,
USDA,
NCE,
Natural gas,
Oil,
Growth,
Authority,
Unemployment,
EB-5,
ATC,
Aviation,
Biofuel,
Carbon,
Sugar,
CO2,
USCIS,
JCE,
Region,
RD,
Renewable natural gas,
Engineering,
RNG,
SAF,
Renewable energy Citizenship and Immigration Services (USCIS) of $200 million of EB-5 program investment for the Riverbank sustainable aviation fuel (SAF) production plant, the dairy renewable natural gas (RNG) project, the carbon sequestration project, and energy efficiency upgrades to the Keyes ethanol plant.
Key Points:
- Citizenship and Immigration Services (USCIS) of $200 million of EB-5 program investment for the Riverbank sustainable aviation fuel (SAF) production plant, the dairy renewable natural gas (RNG) project, the carbon sequestration project, and energy efficiency upgrades to the Keyes ethanol plant.
- The Riverbank plant was recently granted Authority to Construct (ATC) air permits and is designed to produce 78 million gallons per year of SAF for the aviation market.
- Aemetis has already secured more than $3 billion of contracts to supply airlines with SAF.
- The Project’s two primary locations are the Aemetis Advanced Fuels Keyes 65 million gallon per year ethanol plant and the Riverbank Industrial Complex.
Engineering,
Collection,
Operating cost,
The Twelve Months,
Ethanol,
Aviation,
Renewable natural gas,
Natural gas,
Growth,
Sale,
CEQA,
Authority,
Adjustment,
Carbon,
D3,
Construct,
CO2,
Public expenditure,
Acceleration,
IRA,
Three Months,
Investment,
USDA,
Video game CUPERTINO, CA, March 07, 2024 (GLOBE NEWSWIRE) -- via NewMediaWire – Aemetis, Inc. (NASDAQ: AMTX), a renewable natural gas and renewable fuels company focused on low and negative carbon intensity products, today announced its financial results for the fourth quarter and twelve months ended December 31, 2023.
Key Points:
- “Revenues were $70.8 million for the fourth quarter of 2023, an increase from $66.7 million for the fourth quarter of 2022.
- Financial Results for the Three Months Ended December 31, 2023
Revenues were $70.8 million for the fourth quarter of 2023, an increase from $66.7 million for the fourth quarter of 2022.
- The ethanol gallons sold increased from 13.4 million gallons during the fourth quarter of 2022 to 15 million gallons during the fourth quarter of 2023.
- Selling, general and administrative expenses rose from $7.5 million during the fourth quarter of 2022 to $9.8 million during the fourth quarter of 2023.
Engineering,
Petroleum,
Aviation,
Greenhouse,
Natural gas,
City,
Sale,
CEQA,
Authority,
Carbon,
SAF,
Construct,
ATC,
RD,
USDA,
Environment,
Renewable energy The Authority to Construct permits were issued by the San Joaquin Valley Air Pollution Control District following an extensive technical review and two public comment periods.
Key Points:
- The Authority to Construct permits were issued by the San Joaquin Valley Air Pollution Control District following an extensive technical review and two public comment periods.
- Together, these permits are the key permits needed for Aemetis to proceed with engineering and financing to construct the plant.
- “Building our sustainable aviation fuel business is a high priority to meet rapidly increasing global demand for SAF from airlines,” said Eric McAfee, Chairman and CEO of Aemetis.
- The Aemetis Five Year Plan projects that the Aemetis sustainable aviation fuel and renewable diesel plant will generate $672 million of revenues with $195 million of adjusted EBITDA in 2027.
CUPERTINO, CA, March 01, 2024 (GLOBE NEWSWIRE) -- via NewMediaWire – Aemetis, Inc. (NASDAQ: AMTX) announced that the company will host a conference call to review the release of its fourth quarter and year end 2023 earnings report:
Key Points:
- CUPERTINO, CA, March 01, 2024 (GLOBE NEWSWIRE) -- via NewMediaWire – Aemetis, Inc. (NASDAQ: AMTX) announced that the company will host a conference call to review the release of its fourth quarter and year end 2023 earnings report:
Attendees may submit questions during the Q&A portion of the conference call.
- The webcast will be available on the Company’s website ( www.aemetis.com ) under Investors/Conference Calls, along with the company presentation, recent announcements and video recordings.
- The voice recording will be available through March 14, 2024 by dialing (Toll Free) 877-481-4010 or (International) 919-882-2331 and entering conference ID number 50051.
- After March 14th, the webcast will be available on the Company’s website ( www.aemetis.com ) under Investors/Conference Calls.
Retrieved on:
Tuesday, February 20, 2024
Carbon,
Engineering,
Inflation,
AI,
Ethanol,
Aviation,
LCFS,
Natural gas,
Growth,
Sale,
CEQA,
Oil,
CCUS,
CO2,
Mechanical vapor recompression,
Electricity,
EPA,
IRA,
MVR,
USDA,
RNG,
Renewable energy The 2024 Plan states revenues are expected to grow at a compound annual growth rate of 38%, and adjusted EBITDA is expected to grow at a projected compound annual growth rate of 83% for the years 2024 to 2028.
Key Points:
- The 2024 Plan states revenues are expected to grow at a compound annual growth rate of 38%, and adjusted EBITDA is expected to grow at a projected compound annual growth rate of 83% for the years 2024 to 2028.
- The presentation also describes the tax credits expected to be received by Aemetis from the Inflation Reduction Act (IRA) for its renewable fuel and sequestration projects.
- “Additionally, Aemetis closed $50 million of new USDA funding and received $55 million from the sale of IRA tax credits in the past year.
- The Five Year Plan for Aemetis Dairy RNG operations projects revenues will grow from $18 million in 2024 to $190 million in 2028, while Dairy RNG project EBITDA is expected to expand from $7 million in 2024 to $123 million in 2028.
Retrieved on:
Thursday, February 1, 2024
Ethanol,
USDA,
Pathway,
RNG,
Carbon,
AB1,
CARB,
Climate,
Renewable energy,
LCFS,
Gasoline,
REAP,
Methane,
CEQA,
Natural gas CUPERTINO, CA, Feb. 01, 2024 (GLOBE NEWSWIRE) -- via NewMediaWire – Aemetis, Inc. (NASDAQ: AMTX), a renewable natural gas and renewable fuels company focused on negative carbon intensity products, announced today the deployment of the entire $25 million of funding provided under the previously announced USDA-guaranteed loan for its Aemetis Biogas 1 LLC (AB1) project company.
Key Points:
- Aemetis Biogas produces renewable natural gas (RNG) from dairy biomethane digesters located in California’s Central Valley.
- In addition to the USDA-guaranteed funding, Aemetis Biogas invested $30 million of project equity and has obtained $23 million of grants to date.
- The Aemetis AB1 loan was guaranteed by the USDA under the Renewable Energy for America (REAP) loan guarantee program that required monthly draws of funding for project construction.
- In the past year, $50 million of funding guaranteed by the USDA has closed to fund the Aemetis Biogas 1 and 2 project companies.
Retrieved on:
Wednesday, November 29, 2023
State,
CEQA,
California Department,
PG&E,
San Joaquin Valley,
Engineering,
RNG,
Carbon,
Transport,
Methane,
Natural gas,
Dairy CUPERTINO, CA, Nov. 29, 2023 (GLOBE NEWSWIRE) -- via NewMediaWire - Aemetis, Inc. (NASDAQ: AMTX) announced today that the Stanislaus County Board of Supervisors, upon a 4 to 0 vote, approved the California Environmental Quality Act (CEQA) analysis for Aemetis Biogas LLC to extend its biogas pipeline by an additional 24 miles using the public right of way.
Key Points:
- The pipeline transports biogas from dairy digesters to a centralized renewable natural gas (RNG) upgrading facility located at the Aemetis Keyes biofuels plant.
- The pipeline extension will enable Aemetis to add 21 additional dairies to the Aemetis Biogas project in Stanislaus and Merced Counties.
- The Aemetis Biogas pipeline project, including dairy digesters, collection pipeline, centralized biogas upgrading facility, RNG fueling station, and PG&E gas pipeline interconnection, is investing more than $300 million in California’s Central Valley.
- “With 36 miles of biogas pipeline already built, seven operating dairy digesters, and biogas digesters under construction for ten more dairies, this new approval for 24 miles of biogas pipeline serving an additional 21 dairies is another significant milestone for the Aemetis Biogas dairy RNG project,” said Eric McAfee, Chairman and CEO of Aemetis.
