Aemetis reports 145% year to date increase in biodiesel sales volumes

November 16, 2019 |

In California, Aemetis, Inc. shared its financial results Q3 2019 demonstrating strong growth from its India biofuels plant and reporting a 145% year to date increase in biodiesel sales volumes from 15,176 metric tons to 37,104 metric tons.

Aemetis’ third quarter of 2019 included significant announcements related to the market expansion of its India plant and the opening of new customer segments in India:

  • Third quarter revenues from India operations of $19.6M
    • 223% increase from the third quarter of the prior year
    • 76% increase from second quarter of 2019
    • 34% of consolidated company revenue for the third quarter of 2019
  • Year to date revenues from India operations of $36.0M
    • 108% increase from the first three quarters of the prior year
    • 24% of consolidated company revenue for the first three quarters of 2019

“The Aemetis team in India is executing on a rapid increase in production and revenues to meet strong growth in domestic market demand for biofuels in India. The Aemetis team in the United States is building dairy digesters to produce renewable natural gas, constructing lower carbon production enhancements for our ethanol plant, and engineering the Aemetis Riverbank advanced biofuels plant,” stated Eric McAfee, Chairman and CEO of Aemetis. “These four business units have provided solid revenue growth during 2019 and positioned Aemetis as a leading producer of low carbon renewable fuels and chemicals that improve air quality, reduce greenhouse gas emissions, expand employment, and reduce dependence on imported crude oil in the U.S. and India.”

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