Aemetis Biogas Reaches Milestone of Operating Dairy Digesters Producing More Than 300,000 MMBtu Per Year of Renewable Natural Gas [Yahoo! Finance]
Aemetis, Inc (AMTX)
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Source: Yahoo! Finance
CUPERTINO, CA - ( NewMediaWire ) - June 26, 2024 - Aemetis, Inc. (NASDAQ: AMTX), a renewable natural gas and renewable fuels company focused on low and negative carbon intensity products, today announced that its Aemetis Biogas subsidiary completed a key milestone of constructing and operating dairy digesters with a capacity to produce more than 300,000 MMBtu of renewable natural gas (RNG) per year. Additionally, the planned construction of new digesters is expected to increase the annual RNG production rate to over 800,000 MMBtu by the third quarter of 2025, more than a 150% increase from the current production rate. "Our commercial revenue generation from selling RNG for transportation began in January 2023, and we have already grown to a production rate of more than 300,000 MMBtu per year, which generates revenues of about $13 million per year in today's markets prior to receiving LCFS Provisional pathway approvals, prior to expected increased revenue from expanded LCFS credit m
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