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EX-99.1 - INVESTOR PRESENTATION - AEMETIS, INC | amtx_ex991.htm |
8-K - CURRENT REPORT - AEMETIS, INC | amtx_8k.htm |
Exhibit 99.2
External Investor Relations
Contact:
Kirin Smith
PCG Advisory Group
(646) 863-6519
ksmith@pcgadvisory.com
Company Investor Relations/
Media Contact:
Todd Waltz
(408) 213-0940
investors@aemetis.com
Aemetis Updates Presentation of Five-Year Plan Targeting $1 Billion
of Revenue by 2025 for BofA Securities RNG Investor Conference on
April 21st
CUPERTINO,
CA – April 21, 2021 – Aemetis, Inc. (NASDAQ: AMTX), a leading
producer of below zero carbon intensity dairy Renewable Natural Gas
(RNG) and developer of the “Carbon Zero” renewable
jet/diesel biorefineries using negative carbon intensity cellulosic
hydrogen, has updated the presentation of its five year plan that
positions the company to generate $1.07 billion of revenues and
$325 million of adjusted EBITDA in year 2025.
The
Aemetis five year plan is being presented at the BofA Securities
RNG Conference, including a presentation on Wednesday, April 21 by
Eric McAfee, Chairman and CEO of Aemetis. The presentation also
will be filed today with the SEC under Form 8-K.
The
revenues growth plan is a CAGR of 35% and the EBITDA growth plan is
a CAGR of 109% for the years 2021 to 2025.
“The
updated presentation includes a description of the projects under
development by our new Aemetis Carbon Capture subsidiary to build
Carbon Capture & Sequestration (CCS) for our biofuels plants
and potentially other refineries to significantly reduce the carbon
intensity of our products,” said Eric McAfee, Chairman and
CEO of Aemetis. “A recent Stanford University Center for
Carbon Capture study evaluated the largest 61 carbon emission sites
in California, comprised of oil refineries, cement plants and
natural gas power plants. The study identified that the ethanol
plants in California were by far the most profitable locations for
carbon injection and storage. The Aemetis plant and the Riverbank
site are located over a shale caprock about 7,000 feet underground
that creates an attractive CO2
storage formation without requiring a CO2 pipeline, reducing the
capital investment and operating costs significantly compared to
other CCS projects.”
The
majority of the Company’s revenue growth is expected to come
from California dairy Renewable Natural Gas and the Aemetis
“Carbon Zero” renewable jet/diesel plants using
negative carbon intensity cellulosic hydrogen produced from waste
almond orchard wood in Central California.
The
Aemetis Dairy RNG project plan shows revenues growing from $9
million in 2021 to $175 million in 2025, while Dairy RNG project
EBITDA expands from $4 million in 2021 to $141 million in
2025.
The
Aemetis “Carbon Zero” renewable jet/diesel plants
utilizing estimated -80 negative carbon intensity cellulosic
hydrogen are planned to grow to $467 million revenues and EBITDA of
$136 million in year 2025.
The
Company’s Carbon Zero jet and diesel plant design
commercializes patented technology exclusive to Aemetis for the
production of renewable jet fuel and renewable diesel for aviation
and commercial truck markets. The Aemetis “Carbon Zero
1” plant has a planned capacity of 45 million gallons per
year and will be located at the 142-acre Riverbank Industrial
Complex, a former US Army ammunitions plant in Riverbank,
California.
Aemetis
recently announced a $2 billion bid process to airlines and fuel
blenders for the Carbon Zero 1 plant and is finalizing offtake
agreements. The Carbon Zero jet and diesel fuels may be used in
today’s airplane, truck, and ship fleets without significant
changes in fueling infrastructure or engines.
Using
an estimated -80 carbon intensity cellulosic hydrogen instead of
+170 CI petroleum hydrogen, the profitability of renewable diesel
and jet fuel produced from cellulosic hydrogen and low CI non-food
corn oil from the Keyes ethanol plant is increased
significantly.
Aemetis
has received $57 million of grant funding to support its carbon
reduction upgrades at the Keyes plant, the -426 carbon intensity
dairy RNG project, and the Riverbank jet/diesel plant project.
Funding and grant awards have been provided by the USDA, the US
Forest Service, the California Energy Commission, the California
Department of Food and Agriculture, and PG&E’s energy
efficiency program.
About Aemetis
Aemetis
has a mission to transform renewable energy with below zero carbon
intensity transportation fuels. Aemetis has launched the
“Carbon Zero” production process to decarbonize the
transportation sector using today’s
infrastructure.
Aemetis
Carbon Zero plants produce below zero carbon intensity fuels that
can immediately “drop in” for use in airline, truck and
ship fleets. Aemetis below-zero and low carbon fuels have
substantially reduced carbon intensity compared to standard
petroleum fossil-based fuels across their lifecycle.
Headquartered
in Cupertino, California, Aemetis is a renewable natural gas,
renewable fuel and bioproducts company focused on the acquisition,
development and commercialization of innovative technologies that
replace traditional petroleum-based products. Founded in 2006,
Aemetis has completed Phase 1 and is expanding a California biogas
digester network and pipeline system to convert dairy waste gas
into Renewable Natural Gas (RNG). Aemetis owns and operates a 65
million gallon per year ethanol production facility in
California’s Central Valley near Modesto that supplies about
80 dairies with animal feed. Aemetis also owns and operates a 50
million gallon per year production facility on the East Coast of
India producing high quality distilled biodiesel and refined
glycerin for customers in India and Europe. Aemetis is developing
the Carbon Zero plant in Riverbank, California to convert
cellulosic hydrogen from waste orchard wood and renewable
electricity from solar and hydroelectric sources into renewable jet
and diesel fuel. Aemetis holds a portfolio of patents and related
technology licenses for the production of renewable fuels and
bioproducts. For additional information about Aemetis, please visit
www.aemetis.com.
Safe Harbor Statement
This news release contains forward-looking statements, including
statements regarding our assumptions, projections, expectations,
targets, intentions or beliefs about future events or other
statements that are not historical facts. Forward-looking
statements in this news release include, without limitation,
statements relating to our five-year growth plan, future growth in
revenue, net income and adjusted EBITDA, market size for our
products, expansion into new markets, our ability to commercialize
and scale the licensed patented technology, the ability to obtain
sufficiently low Carbon Intensity scores to achieve below zero
carbon intensity transportation fuels, the development of the
Aemetis Biogas Central California Dairy Project, the development of
the Aemetis Carbon Zero 1 plant at the Riverbank site, the upgrades
to the Aemetis Keyes ethanol plant, the development of the Aemetis
Carbon Capture projects, and the ability to access the funding
required to execute on project construction and
operations. Words or phrases
such as “anticipates,” “may,”
“will,” “should,” “believes,”
“estimates,” “expects,”
“intends,” “plans,” “predicts,”
“projects,” “showing signs,”
“targets,” “will likely result,”
“will continue,” “enable” or similar
expressions are intended to identify forward-looking
statements. These forward-looking statements are based on
current assumptions and predictions and are subject to numerous
risks and uncertainties. Actual results or events could
differ materially from those set forth or implied by such
forward-looking statements and related assumptions due to certain
factors, including, without limitation, competition in the ethanol,
biodiesel and other industries in which we operate, commodity
market risks including those that may result from current weather
conditions, financial market risks, customer adoption,
counter-party risks, risks associated with changes to federal
policy or regulation, and other risks detailed in our reports filed
with the Securities and Exchange Commission (the
“SEC”), including our Annual Report on Form 10-K for
the year ended December 31, 2020, and in our subsequent filings
with the SEC. We are not obligated, and do not intend, to
update any of these forward-looking statements at any time unless
an update is required by applicable securities
laws.