Aemetis Named 7th Hottest Company in the Bioeconomy at Advanced Bioeconomy Leadership Conference

Core Insights - Aemetis, Inc. has been recognized as the 7th Hottest Company in the Bioeconomy at the Advanced Bioeconomy Leadership Conference (ABLC) [1][2] - The recognition is based on votes from ABLC delegates, highlighting global innovation in sustainable fuels and chemicals [2] - Aemetis is focused on low and negative carbon intensity products, with significant progress reported in various business segments during 2024 [3][4] Company Developments - Aemetis has secured $50 million in USDA guaranteed financing and is in the process of obtaining an additional $100 million [3] - The company's biodiesel deliveries in India exceeded $100 million under a cost-plus contract with government-owned oil marketing companies [4] - The dairy renewable natural gas (RNG) business is projected to grow from 200,000 MMBtu to 550,000 MMBtu annual capacity by the end of 2024 [4] Technological Advancements - The Keyes ethanol plant has completed a $12 million solar and battery backup project and is designing a $22 million mechanical vapor recompression system to reduce carbon intensity by over 20% [5] - Aemetis is actively engaging with airline investors for project equity financing in its sustainable aviation fuel (SAF) plant [5] - The company has initiated the first phase of drilling for a carbon sequestration characterization well in California [5][7] Regulatory Support - Aemetis anticipates support from upcoming regulatory actions, including the reauthorization of the Low Carbon Fuel Standard (LCFS) in California, which could increase the value of LCFS credits from $60 to over $200 per metric ton [6] - The expected IRS guidance for the Inflation Reduction Act Section 45Z Production Tax Credit for RNG is projected to generate up to $100 million in new revenues annually by 2026 [6] Market Position - Founded in 2006, Aemetis is the largest producer of biodiesel in India and the largest ethanol producer in California [6] - The company is building a significant dairy biogas digester network in California, with plans for 16 digesters by the end of 2024 [6] - Aemetis has signed contracts with ten airlines for $3.8 billion of SAF supply and has received permits for an 80 million gallon per year SAF plant [7]