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Aemetis Biogas Signs $27 Million Agreement with Centuri to Build Gas Cleanup Systems for 15 Dairy Digesters
Prism Media Wire· 2025-05-13 11:58
Core Viewpoint - Aemetis, Inc. has signed a $27 million agreement with Centuri Holdings to construct biogas cleanup systems for 15 dairy digesters, which will enhance the production of renewable natural gas (RNG) from dairy waste [2][3]. Group 1: Agreement and Impact - The agreement with Centuri will facilitate the rapid scaling of dairy digesters, enabling Aemetis Biogas to produce RNG for a total of 50 dairies [3]. - Aemetis Biogas plans to have 16 dairies operational this summer as part of the Central Digester Project near Modesto, California, which includes a biogas pipeline and a production facility delivering RNG into the PG&E utility gas pipeline [3]. Group 2: Strategic Relationship - Aemetis is expanding its strategic relationship with Centuri, which includes plans for construction management and pipe assembly for future energy efficiency and carbon sequestration projects [4]. - Centuri's expertise in utility distribution and renewable natural gas projects aligns well with Aemetis' goals, adding significant value to upcoming projects [5]. Group 3: Renewable Energy Projects - Aemetis aims to generate over 1 million MMBtu of RNG from the 50 dairies involved in the project [6]. - Other projects include a Keyes ethanol plant expected to generate $32 million in annual cash flow starting in 2026, and a carbon sequestration project to inject 1.4 million tons of CO2 per year [6]. - Aemetis is also developing a sustainable aviation fuel and renewable diesel plant, which has received necessary permits and approvals [6]. Group 4: Company Overview - Aemetis is focused on the operation, acquisition, development, and commercialization of technologies that replace petroleum products and reduce greenhouse gas emissions [7]. - The company operates a biogas digester network and pipeline system in California, converting dairy waste gas into RNG, and has ethanol production facilities in both California and India [8].
Alto Ingredients, Inc. Reports First Quarter 2025 Results
Globenewswire· 2025-05-07 20:05
Core Viewpoint - Alto Ingredients, Inc. reported improved year-over-year gross margin and Adjusted EBITDA for Q1 2025, driven by operational efficiencies from its recent acquisition of Alto Carbonic and a corporate reorganization aimed at cost savings [2][4]. Financial Performance - Net sales for Q1 2025 were $226.5 million, down from $240.6 million in Q1 2024 [8][14]. - Cost of goods sold decreased to $228.3 million from $243.0 million, resulting in a gross loss of $1.8 million compared to a gross loss of $2.4 million in the previous year [8][14]. - Selling, general and administrative expenses were reduced to $7.2 million from $7.9 million [8][14]. - The net loss attributable to common stockholders was $12.0 million, or $0.16 per share, compared to a net loss of $12.0 million, or $0.17 per share, in the prior year [8][14]. Operational Highlights - The acquisition of Alto Carbonic has led to lower combined costs and improved operational coordination, contributing to an expected annual savings of approximately $8 million starting Q2 2025 [2][3]. - The company shifted production to ISCC renewable fuel for European markets, which is experiencing strong demand, partially offsetting the domestic softening of premiums on high-quality alcohol and essential ingredients [3][4]. Cash and Liquidity - Cash and cash equivalents were reported at $26.8 million as of March 31, 2025, down from $35.5 million at the end of 2024 [5][16]. - The company's borrowing availability stood at $76.7 million, including $11.7 million under the operating line of credit and $65.0 million under its term loan facility [5][16]. Market Metrics - Total renewable fuel gallons sold decreased to 65.3 million in Q1 2025 from 72.7 million in Q1 2024 [19]. - The average sales price per gallon for alcohol increased to $1.93 from $1.86 year-over-year [20]. - Essential ingredients sold totaled 310.8 thousand tons, slightly down from 313.4 thousand tons in the previous year [20].
Alto Ingredients, Inc. to Release First Quarter 2025 Financial Results on May 7, 2025
GlobeNewswire News Room· 2025-05-01 12:30
PEKIN, Ill., May 01, 2025 (GLOBE NEWSWIRE) -- Alto Ingredients, Inc. (NASDAQ: ALTO) a leading producer and distributor of specialty alcohols, renewable fuels and essential ingredients, announced it will release its first quarter 2025 financial results after the close of market on Wednesday, May 7, 2025. Management will host a conference call at 2:00 p.m. Pacific Time / 5:00 p.m. Eastern Time and will deliver prepared remarks via webcast followed by a question-and-answer session. How to participate: To liste ...
CVR Energy Reports First Quarter 2025 Results
Globenewswire· 2025-04-28 21:07
First quarter net loss attributable to CVR Energy stockholders of $123 million; EBITDA loss of $61 million; adjusted EBITDA of $24 millionFirst quarter loss per diluted share of $1.22 and adjusted loss per diluted share of 58 centsCVR Energy will not pay a cash dividend for the first quarter of 2025CVR Partners announced a cash distribution of $2.26 per common unit SUGAR LAND, Texas, April 28, 2025 (GLOBE NEWSWIRE) -- CVR Energy, Inc. (NYSE: CVI, “CVR Energy” or the “Company”) today announced first quarter ...
Houston American Energy Corp. Announces Results of Special Meeting of Stockholders
Globenewswire· 2025-04-28 13:00
HOUSTON, TX, April 28, 2025 (GLOBE NEWSWIRE) -- Houston American Energy Corp. (NYSE American: HUSA) ("HUSA" or the "Company"), today announced the results of the Company's special meeting of stockholders (the "Meeting") held virtually on April 24, 2025. At the Meeting, all of the matters put forward before the Company's stockholders for consideration and approval, as set out in the Company's definitive proxy statement dated April 11, 2025, were approved by the requisite number of votes cast at the meeting. ...