Aemetis reports Q1 2022 financial results revenue increased 22% over Q1 2021

May 15, 2022 |

In California, renewable fuels company, Aemetis, reported a 22% increase in revenues for the first quarter of 2022 compared to the first quarter of 2021 as expanded demand for liquid transportation fuels raised their average ethanol price to $2.58 per gallon and total revenues to $52.0 million.

“We are pleased with the milestones accomplished during the first quarter of 2022, including the launch of operational management of the 125-acre Riverbank Industrial Complex for our sustainable aviation fuel and renewable diesel plant, as well as signing a total of $3.5 billion of off-take agreements for SAF with major airlines and $3.2 billion of contracts for renewable diesel with a leading travel stop chain,” said Eric McAfee, Chairman and CEO of Aemetis.

“The Aemetis Biogas RNG project progressed with continuing construction of five of the next 15 dairy digesters, completing construction of 20 miles of our 36-mile biogas pipeline completing, testing of the biogas conditioning hub and completing the utility gas pipeline interconnection unit.   Importantly, we recently closed two credit facilities, with an aggregate availability of up to $100 million, to both fund the completion of the carbon reduction projects at the Keyes ethanol plant and provide the funding prior to project financing for the jet/diesel plant and the two CO2 sequestration wells.”

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Category: Fuels

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