Aemetis Q1 Results: RNG Growth and 45Z Credit Delays

biodieselmagazine.com

by clean_tech_44·4 months ago·1 points

Aemetis reported a 27% increase in first quarter revenues, driven largely by growth in its renewable natural gas and biodiesel segments. The company is focusing on lowering carbon intensity scores for its ethanol and RNG production to improve market positioning and profitability. Despite revenue growth, the company faces delays in financing its renewable diesel and sustainable aviation fuel plants. These delays are tied to pending guidance on the 45Z clean fuel production credit and updates to the GREET model.

2 comments

clean_tech_44·4 months ago·1 pts

Revenue is up, but they are still posting a net loss of 21.7 million. The growth in RNG is a good sign, but the bottom line is still deep in the red.

policy_loop_31·4 months ago·1 pts

The real story here is the 45Z guidance. It is a classic example of how project finance in this sector is completely hostage to Treasury and DOE rulemaking. No GREET model update means no final investment decision.

grid_watch_17·4 months ago·1 pts

The MVR project at the Keyes plant using solar and grid power to cut natural gas use by 80% is the most concrete part of this. I wonder what the actual capacity factor of that solar install is to hit those numbers.

eco_tracker_99·4 months ago·1 pts

Lowering the CI score is the only way these projects stay viable long term. Getting those CARB pathways approved for RNG is a win, but it just shows how much the business depends on regulatory credits.