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Dec 31, 2021
Aemetis Q4 2021 Earnings Report
Reported an increase in revenue due to increased demand for low carbon transportation fuels and as the economy continued to rebound from COVID-19 disruptions.
Key Takeaways
Aemetis, Inc. reported a revenue increase of 28% year over year. The company acquired property for carbon intensity reduction projects worth $30.5 million, and closed two credit facilities with an aggregate availability of up to $100 million.
Revenues for 2021 increased 28% compared to 2020.
Acquired the 125-acre Riverbank Industrial Complex for sustainable aviation fuel and renewable diesel plant.
Signed $2.5 billion of off-take agreements with major airlines and $3.2 billion with a leading travel stop chain.
Construction progressed on the next phase of 15 dairy digesters for the Aemetis Biogas RNG project.
Aemetis
Aemetis
Forward Guidance
Aemetis is focused on expanding its renewable energy production and reducing carbon intensity through various projects and partnerships.
Positive Outlook
- Acquisition of the Riverbank Industrial Complex for sustainable aviation fuel and renewable diesel plant.
- Signing of off-take agreements with major airlines and a leading travel stop chain.
- Progression of the Aemetis Biogas RNG project with construction on the next phase of dairy digesters.
- Confirmation of the feasibility of CO2 sequestration in formations under biofuels plant sites.
- Closing of credit facilities to fund carbon reduction projects.