Resumption of Biodiesel Contracts in India
Biodiesel shipments to government oil marketing companies in India resumed in April after a six-month pause, indicating a recovery in revenues from this segment.
RNG Production and Revenue Growth
RNG volumes increased by 17% year over year. The company is scaling gas production rapidly with expectations to reach 550,000 MMBtus of production capacity this year and grow to 1,000,000 MMBtu annually by 2026.
Ethanol Plant Upgrades and Cost Reductions
Off-site construction of a $30 million mechanical vapor recompression system at the Keyes ethanol plant is underway, expected to reduce natural gas use by 80% and add an estimated $32 million in annual cash flow starting in 2026.
Strong Financial and Regulatory Support
Secured $20 million in grants and tax credits for the ethanol system upgrade, with additional revenues expected from LCFS credits, federal tax incentives, and investment tax credits.
IPO Plans for India Subsidiary
Aemetis is preparing for an IPO of its India subsidiary, targeting late 2025 or early 2026, which is expected to bring in significant cash and support expansion into RNG and ethanol production in India.