GoldDog83
3月前
Stonegate Capital Partners Updates Coverage on Aemetis, Inc. (AMTX) Q3 2024
Dallas, Texas--(Newsfile Corp. - December 11, 2024) - Aemetis, Inc. (NASDAQ: AMTX): Stonegate Capital Partners updates coverage on Aemetis, Inc. (NASDAQ: AMTX). Aemetis outlined a 5-year plan to reach $2.0B in revenue and $644M in adjusted EBITDA by 2028 vs F23 revenue and adjusted EBITDA of $186.7M and $(22.4)M. respectively. While this is a long-term plan, AMTX has demonstrated its capability to achieve its targets with several key developments this quarter. The Company has successfully increased revenue across all segments. The Keyes Ethanol Plant generated $45.0M in revenue with the production of 15.5M gallons of ethanol. Additionally, AMTX has made significant progress in its carbon sequestration efforts, with the approval of 20 years of Low Carbon Fuel Standard mandates by CARB, which is expected to enhance revenue and earnings from its U.S. projects. We anticipate several regulatory catalysts to be resolved within the next 12 months, further supporting AMTX's growth trajectory.
To view the full announcement, including downloadable images, bios, and more, click here.
Key Takeaways:
-- Revenues of $81 Million; increasing 19% over the Third Quarter of 2023.
-- Received approval of 20 years of Low Carbon Fuel Standard mandates by
CARB.
-- AMTX is expected to have an additional 10 dairy's completed or in
progress by FY25.
02opida
2年前
Aemetis, Inc. is a rapidly expanding renewable natural gas company and operates ethanol and biodiesel refineries. Aemetis is currently building a dairy biogas system that will capture methane from nearby dairy farms in California and then transport the methane by pipeline to its Keyes facility. At the Keyes facility the methane can be compressed and cleaned to produce Renewable Natural Gas. Aemetis expects to build 5 new biogas dairies each two quarters for the next five years for a total of 66 dairies. Importantly, each dairy has 35-year contracts, should produce $2.5M average revenue per dairy per year. Aemetis ethanol plant in Keyes, CA produces 65M gallons of ethanol per year in addition to animal feed. It also operates a biodiesel plant on the East Coast of India that can produce 50M gallons per year of distilled biodiesel and refined glycerin. The Company was founded in 2006 by biofuels veteran, Eric McAfee, and is headquartered in Cupertino, CA.
02opida
2年前
CUPERTINO, CA, Nov. 16, 2022 (GLOBE NEWSWIRE) -- via NewMediaWire – Aemetis, Inc. (NASDAQ: AMTX), a leading producer of renewable natural gas and renewable fuels, announced today that construction has begun for the TotalEnergies and Schneider Electric solar microgrid system with at 2.0 MW photovoltaic (PV) array and a 1.25 MW battery energy storage system. Once construction has been completed, the microgrid will be integrated with the new Rockwell/Allen Bradley distributed control system (DCS) at the Aemetis Advanced Fuels biorefinery in Keyes, California.
The solar array will generate approximately 3.2 million kWh per year and reduce greenhouse gas (GHG) emissions by ~8,000 MT CO2e per year. Foundations for the solar array are now under construction, with project completion expected in the second quarter of 2023. TotalEnergies serves as the project’s PV supplier as well as the engineering, procurement, and construction (EPC) contractor.
02opida
3年前
CUPERTINO, CA, May 18, 2022 (GLOBE NEWSWIRE) -- via NewMediaWire - Aemetis, Inc. (NASDAQ: AMTX), a renewable fuels company focused on negative carbon intensity products, announced today that its Aemetis Biogas Services subsidiary has signed a six-year supply agreement with Trillium to provide an estimated 600,000 MMBtu of renewable natural gas (RNG) to be used as transportation fuel in California. The RNG replaces up to the equivalent of 4.3 million gallons of diesel fuel, primarily used in heavy duty passenger and cargo vehicles.
"Trillium's mission is to help customers meet their ESG goals, and providing RNG is a big part of that," said Ryan Erickson, vice president of Trillium. "We're excited to partner with Aemetis to use biogas to get drivers back on the road quickly and safely."
Aemetis completed Phase 1 of the Central Dairy Digester network in 2020 with two fully operational digesters and four miles of pipeline. The biogas from Phase 1 has been used as process energy at the Aemetis Keyes biorefinery to reduce the facility's dependency on petroleum-based natural gas and to decrease the carbon intensity (CI) of fuel ethanol produced.
Phase 2 of the network consists of a centralized biogas upgrading facility, a utility gas pipeline interconnection unit, 10 dairy digesters and 32 miles of additional pipeline which are planned to be completed by Q4 2022. Aemetis plans to have more than 60 digesters built and operating by the end of 2026 which are designed to produce approximately 1.6 million MMBtu of RNG per year, displacing approximately 12.5 million gallons of diesel per year.
Aemetis has completed construction and is currently commissioning the centralized gas cleanup facility and utility gas interconnect located at the Keyes Ethanol biorefinery where dairy biogas will be upgraded to RNG and injected into the utility pipeline through an interconnection with Pacific Gas and Electric. Upon receiving pathway certification from the California Air Resources Board (CARB), the fuel is scheduled to begin deliveries to Trillium in late 2022.
02opida
3年前
2021-10-28 08:00 ET - News Release
CTCI America to provide proven expertise and engineering services at the Aemetis Carbon Zero plant in Riverbank, California
CUPERTINO, CA, Oct. 28, 2021 (GLOBE NEWSWIRE) -- via NewMediaWire -- Aemetis, Inc. (NASDAQ: AMTX), a renewable natural gas (RNG) and renewable fuels company focused on negative carbon intensity products, announced today it entered into an agreement with engineering and construction firm CTCI America to conduct permitting and engineering work for the Carbon Zero renewable jet/diesel plant to be built in Riverbank, California. CTCI America is a subsidiary of CTCI Corp., a $2 billion revenues Engineering, Procurement and Construction firm with extensive high technology and energy industry project engineering and construction experience.
The Aemetis Carbon Zero plant is being developed at a former U.S. Army ammunition production facility. The process design uses waste wood to produce cellulosic hydrogen with a below zero carbon intensity, which is combined with renewable oils and zero carbon intensity hydroelectric electricity to produce sustainable aviation fuel (SAF) and renewable diesel. The plant will have an initial capacity of 45 million gallons per year, with engineering and other development work underway for expansion to 90 million gallons per year.
“As we complete the permitting and engineering for the Riverbank renewable jet/diesel plant, we are fortunate to have built a team of engineers and construction companies with experience in building renewable diesel plants in California,” said Eric McAfee, Chairman and CEO of Aemetis. “There are a limited number of firms with an ability to execute on large scale renewable fuels projects within California’s environmental requirements. We are pleased to be able to work with a world-class firm such as CTCI to provide engineering for permitting and construction.”
“CTCI brings extensive relevant experience to the Aemetis sustainable aviation fuel and renewable diesel plant,” stated Patrick Jameson, President of CTCI America. “We are currently the EPC constructing a renewable diesel plant in California. We look forward to working with Aemetis for engineering and construction of the Carbon Zero plant.”
Slashnuts
3年前
GERS Receives Offer To Restart Litigation Against AMTX...
CleanTech subsequently received an opinion of counsel that its remaining seven of twelve corn oil extraction patents are clearly valid and enforceable, along with a contingency-based offer to restart the infringement litigation from scratch. We are evaluating our rights and remedies in connection with all applicable matters, and we are unable to characterize or evaluate the probability of any outcome at this time
Further, in connection with ongoing patent filings, the USPTO allowed CleanTech’s new corn oil extraction patents after considering the very information that the District Court found to have been withheld, and upon which the bulk of the District Court’s rulings were based. All of the information alleged to have been “knowingly withheld” from the USPTO in connection with the patents in suit was provided to and considered by the USPTO prior to issuance of several additional patents that are not covered by the District Court’s prior rulings (the “New Patents”). The USPTO subsequently disagreed that deception of any kind occurred when, on February 21, 2020, it issued another patent to us after reviewing the very evidence that was allegedly “withheld,” along with everything the defendants ever submitted and claimed, as well as the District Court’s 2014 and 2016 rulings – all in light of the facts that were never presented to a jury. Significantly, the new patent was allowed by the same examiner that the District Court said was deceived. In other words, the same patent examiner that was allegedly deceived looked at the purported evidence and claims of deception, and disagreed that she had ever been deceived. Thus, in issuing that patent, the examiner concluded that the inventive process was not “ready for patenting” in July 2003, that an invalidating “offer for sale” did not occur in July 2003, and that the “ready for patenting” and “offer for sale” information that the District Court determined to have been “deliberately withheld” from the USPTO was immaterial to patentability.
https://cleantech-alpha.com/technologies/
Good Luck To All!$!$
02opida
3年前
CUPERTINO, CA, Sept. 22, 2021 (GLOBE NEWSWIRE) -- via NewMediaWire -- Aemetis, Inc. (NASDAQ: AMTX), a renewable natural gas (RNG) and renewable fuels company focused on negative carbon intensity products, announced that Chairman and CEO Eric McAfee will provide an overview of the Aemetis low carbon intensity projects at the Advanced Biofuels Leadership Conference which will be held at Hotel Nikko in San Francisco on October 28, 2021, 9 am Pacific time.
McAfee will also serve on the “Net Zero Future” speakers panel along with other sustainable aviation fuel companies Gevo, LanzaTech, and Neste.
“The 90 million gallon per year Aemetis Carbon Zero sustainable aviation fuel and renewable diesel plant under development in two phases in Riverbank, California is designed to produce below zero carbon intensity renewable fuels by utilizing cellulosic hydrogen from waste forest and orchard wood with one million tonnes of onsite CO2 carbon sequestration capacity,” said McAfee. “We are now developing the facilities to capture and sequester the CO2 from our biogas project, our existing biofuels plant, and California oil refineries in a separate one million tonne CO2 injection well located near the Keyes ethanol plant.”
In addition, Aemetis has already built and currently operates two dairy biogas digesters, on-site dairy gas upgrading and pressurization facilities, and a four-mile biogas pipeline connecting the dairies to the Aemetis Keyes ethanol plant. The Aemetis Biogas Central Dairy Digester project has already obtained a negative 426 carbon intensity from CARB for biogas produced by Phase I. The centralized biogas cleanup and onsite RNG fueling facilities at the Keyes plant are currently under construction for completion in Q4 2021, with the planning and construction of 15 additional dairy biogas digesters in progress for completion during 2022.
When fully built out, the planned 52 dairies in the Aemetis biogas project are expected to capture more than 1.4 million MMBtu of dairy methane and reduce greenhouse gas emissions equivalent to an estimated 5.2 million metric tonnes of CO2 each year, equal to removing the emissions from approximately 1.1 million cars per year.
The Aemetis Biogas dairy RNG project, energy efficiency upgrades to the Aemetis Keyes biofuels plant, and the Aemetis Renewable Jet/Diesel project include $57 million of grant funding and other support from the US Department of Agriculture, the US Forest Service, the California Energy Commission, the California Department of Food and Agriculture, CAEATFA, and Pacific Gas and Electric’s energy efficiency program.
02opida
3年前
CUPERTINO, CA, Sept. 15, 2021 (GLOBE NEWSWIRE) -- via NewMediaWire -- Aemetis, Inc. (NASDAQ: AMTX), a renewable natural gas (RNG) and renewable fuels company focused on negative carbon intensity products, announced that its subsidiary Aemetis Biogas LLC has signed the Standard Renewable Gas Interconnection Agreement (SRGIA) with the Pacific Gas & Electric Company and funded the final $1.2 million payment for installation of PG&E’s interconnection equipment to deliver renewable natural gas (RNG) into the utility gas pipeline in Q4 2021.
The PG&E RNG interconnect equipment has already been fabricated onto modular units that are now scheduled to be delivered to the Keyes plant and installed during the next three months. When the interconnection unit is completed, the RNG produced by the Aemetis Biogas Central Diary Digester Project will be delivered into the Pacific Gas & Electric natural gas pipeline for sale to customers throughout California as transportation fuel.
“As planned, the engineering, permitting, offsite equipment fabrication, and full payment of $2.3 million to PG&E has been completed,” said Andy Foster, President of the Aemetis Biogas subsidiary of Aemetis, Inc. “PG&E manages the fabrication and installation of the interconnection system connecting the Aemetis biogas cleanup and compression facility to the gas utility pipeline. We are pleased that a significant milestone for completion of the Aemetis Biogas Central Dairy project was completed today.”
Aemetis has already built and currently operates two dairy biogas digesters, on-site dairy gas upgrading and pressurization facilities, and a four-mile biogas pipeline connecting the dairies to the Aemetis Keyes ethanol plant. The centralized biogas cleanup and onsite RNG fueling facilities at the Keyes plant are currently under construction for completion in Q4 2021, and the construction of 15 additional dairy biogas digesters are in progress for completion during 2022.
The PG&E interconnection unit is a gateway for the network of lagoon digesters being built by Aemetis Biogas to produce renewable natural gas (RNG) for use as a transportation fuel. The biogas produced by the first two dairy digesters has received an approved pathway by the California Air Resources Board (CARB) utilizing negative 426 (-426) carbon intensity (CI) and is currently used to displace petroleum based natural gas consumed at the Keyes ethanol production facility for process energy.
When fully built out, the planned 52 dairies in the Aemetis biogas project are expected to capture more than 1.4 million MMBtu of dairy methane and reduce greenhouse gas emissions equivalent to an estimated 5.2 million metric tonnes of CO2 each year, equal to removing the emissions from approximately 1.1 million cars per year.
The Aemetis Biogas dairy RNG project, energy efficiency upgrades to the Aemetis Keyes biofuels plant, and the Aemetis Renewable Jet/Diesel project include $57 million of grant funding and other support from the US Department of Agriculture, the US Forest Service, the California Energy Commission, the California Department of Food and Agriculture, CAEATFA, and Pacific Gas and Electric’s energy efficiency program.
02opida
3年前
CUPERTINO, CA, Sept. 08, 2021 (GLOBE NEWSWIRE) -- via NewMediaWire -- Aemetis, Inc. (NASDAQ: AMTX), a renewable natural gas (RNG) and renewable fuels company focused on negative carbon intensity products, announced today that it has been issued building permits by Stanislaus County in California to construct the next phase of dairy biogas digesters in the Aemetis Biogas Central Dairy Digester Project which will be connected via private pipeline to the Aemetis ethanol plant near Modesto.
“In addition to the California Environmental Quality Act (CEQA) IS/MND permit for the 32-mile extension of the Aemetis Biogas pipeline, the project has received building permits to begin construction of the next phase of dairy biogas digesters,” said Andy Foster, President of the Aemetis Biogas subsidiary of Aemetis, Inc. “We have already built and currently operate two dairy biogas digesters, on-dairy gas upgrading and pressurization facilities, and a four-mile biogas pipeline connecting to our Keyes ethanol plant. The centralized biogas cleanup and utility pipeline interconnection facilities at the Keyes plant are currently under construction for completion in Q4 2021, and we plan to complete the construction of 15 additional dairy biogas digesters during 2022.”
The next phase of five dairy biogas digesters are part of a network of lagoon digesters being built by Aemetis Biogas to produce renewable natural gas (RNG) for use as a transportation fuel. The RNG produced by the first two dairy digesters has been approved by the California Air Resources Board (CARB) utilizing negative 426 (-426) carbon intensity biogas to displace petroleum based natural gas used at the Keyes ethanol production facility.
The next phase of five dairy digesters is planned for completion in Q1 2022, with an additional ten dairy digesters planned for completion by Q4 2022. When completed, the seventeen dairy digesters built and operated by Aemetis are expected to produce approximately 440,000 MMBtu per year of Renewable Natural Gas for use in trucks and buses to displace carbon based diesel fuel.
The planned 52 dairies in the Aemetis biogas project are expected to capture more than 1.4 million MMBtu of dairy methane and reduce greenhouse gas emissions equivalent to an estimated 5.2 million metric tonnes of CO2 each year, equal to removing the emissions from approximately 1.1 million cars.
The Aemetis Biogas dairy RNG project, energy efficiency upgrades to the Aemetis Keyes biofuels plant, and the Aemetis Renewable Jet/Diesel project include $57 million of grant funding and other support from the US Department of Agriculture, the US Forest Service, the California Energy Commission, the California Department of Food and Agriculture, the California State Treasurer’s Office, and Pacific Gas and Electric’s energy efficiency program
02opida
4年前
CUPERTINO, Calif., Aug. 18, 2021 (GLOBE NEWSWIRE) -- via NewMediaWire -- A new study concluded that more than 2 million metric tonnes (MT) per year of CO2 can be removed from the atmosphere and injected safely into the earth at two ethanol plant sites in California. The study was commissioned by Aemetis, Inc. (NASDAQ: AMTX), a renewable natural gas and renewable fuels company focused on below zero carbon intensity products.
02opida
4年前
CUPERTINO, Calif., Aug. 18, 2021 (GLOBE NEWSWIRE) -- via NewMediaWire -- A new study concluded that more than 2 million metric tonnes (MT) per year of CO2 can be removed from the atmosphere and injected safely into the earth at two ethanol plant sites in California. The study was commissioned by Aemetis, Inc. (NASDAQ: AMTX), a renewable natural gas and renewable fuels company focused on below zero carbon intensity products.
The Carbon Capture & Sequestration (CCS) geologic formation review and drilling study was completed by Aemetis Carbon Capture, a subsidiary of Aemetis, and was conducted by Baker Hughes, a global energy services company with operations in 120 countries.
The Baker Hughes study estimated that 1.0 million MT per year of CO2 can be sequestered in the saline formations located deep underground at or near the Aemetis Keyes ethanol plant site. The study noted that up to 1.4 million MT per year of CO2 should be injectable at or near the Aemetis Riverbank site due to the favorable permeability of the saline formation and other factors.
“The conclusions from the initial Baker Hughes geologic formation and pre-drilling study confirm the feasibility of Aemetis plans to construct two CO2 injections wells at or near the Aemetis biofuels sites,” stated Brian Fojtasek of ATSI, the project manager for the Aemetis Carbon Capture construction phase. “We have completed Front End Loading engineering and are now working on the Front End Engineering Design (FEED) and permitting for the Aemetis CCS projects.”
Once complete, the Aemetis Carbon Capture CCS project is expected to capture and sequester more than 2 million MT of CO2 per year at the two Aemetis biofuels plant sites in Keyes and Riverbank, California. The amount of CO2 sequestered each year is expected to be equal to the emissions from 460,000 passenger cars each year.
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