Aemetis Q1 milestones include entry into biomethane business

May 19, 2019 |

In California, Aemetis highlighted the strong growth going on at their India plant, increased profit margins from plant upgrades related to the Keyes biorefinery, funding for the Aemetis biogas dairy digester and pipeline project, and deployment of the patented Lanzatech cellulosic ethanol technology at the Riverbank plant under development.

On the Q1 earnings call, Aemetis said it was “positioned to rapidly produce expanding positive cash flow from the production of low carbon, clean burning, high performance renewable fuels from abundant low cost, waste biomass feedstocks and made excellent progress made on each of our four core businesses during the first quarter of 2019 drawing upon the consistent support of California regulators and strong LCFS credit prices.”

“Combination of our growth and cost reduction initiatives are expected to increase revenue monthly run rate to more than $350 million per year, and in excess of $100 million per year of annualized positive cash flow within the next 24 months,” according to their press release. “Growth in revenues and cash flow reflects the upgrades of our existing plants and plant completion of new dairy renewable natural gas and cellulosic ethanol production facilities during 2019 and 2020.”

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Category: Fuels

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