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Aemetis Unveils Five-Year Plan Targeting $1 Billion of Revenue by 2025 - Seite 2

Nachrichtenquelle: globenewswire
01.03.2021, 14:30  |  433   |   |   

The majority of the Company’s revenue growth is expected to come from California dairy Renewable Natural Gas and the Aemetis “Carbon Zero” renewable jet/diesel plants using negative carbon intensity cellulosic hydrogen produced from waste almond orchard wood in Central California.  

The Aemetis Dairy RNG project plan shows revenues growing from $9 million in 2021 to $175 million in 2025, while Dairy RNG project EBITDA expands from $4 million in 2021 to $141 million in 2025.  Aemetis has been awarded $23 million of grants related to dairy RNG and related gas cleanup and utility pipeline interconnection units, including a $1 million grant to install an RNG dispensing station to fuel RNG trucks at the Keyes plant.

The Aemetis “Carbon Zero” renewable jet/diesel plants utilizing estimated -80 negative carbon intensity cellulosic hydrogen are planned to grow to $467 million revenues and EBITDA of $136 million in year 2025.

The use of negative carbon intensity waste materials as inputs to produce Renewable Natural Gas and Renewable Jet/Diesel is an optimization of the operations and profit margins of the existing Keyes 65 million gallon ethanol plant that is operating at nearly full capacity.  

To achieve growth in revenues and EBITDA, the use of byproducts from the Keyes plant as inputs for production of renewable fuels provides significant expansion to meet increasing market needs for LCFS, RFS, IRS 45Q and other credits related to low carbon transportation fuels (including electricity for electric trucks and other EV’s).

The Dairy RNG and Jet/Diesel projects are the result of the Company’s focus on maximizing the profitability of its California ethanol plant.  Negative carbon intensity (estimated -416) Dairy RNG replaces high carbon intensity petroleum natural gas in the Keyes plant, enabling significant reductions in carbon intensity of the ethanol produced, thereby creating a larger number of LCFS credits.

The Aemetis Carbon Zero jet and diesel plant design commercializes patented technology exclusive to Aemetis for the production of renewable jet fuel and renewable diesel for aviation and commercial truck markets.  The Aemetis “Carbon Zero 1” plant has a planned capacity of 45 million gallons per year and will be located at the 142-acre Riverbank Industrial Complex, a former US Army ammunitions plant in Riverbank, California.

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Aemetis Unveils Five-Year Plan Targeting $1 Billion of Revenue by 2025 - Seite 2 CUPERTINO, CA, March 01, 2021 (GLOBE NEWSWIRE) - via NewMediaWire - Aemetis, Inc. (NASDAQ: AMTX), a leading producer of below zero carbon intensity dairy Renewable Natural Gas and developer of the “Carbon Zero” renewable jet/diesel biorefineries …

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