Business
Aemetis, Inc. Reports Third Quarter 2021 Financial Results
CUPERTINO, CA / ACCESSWIRE / November 11, 2021 / Aemetis, Inc. (NASDAQ:AMTX), an advanced renewable fuels and biochemicals company, today announced its
About this update from Aemetis, Inc
[{"type":"text","content":"CUPERTINO, CA / ACCESSWIRE / November 11, 2021 / Aemetis, Inc. (NASDAQ:AMTX), an advanced renewable fuels and biochemicals company, today announced its financial results for the three and nine months ended September 30, 2021.\"Revenues from North America sales in the third quarter of 2021 increased 50.4% compared to the third quarter of 2020 as economic recovery from COVID-19 continues to create increased demand for liquid transportation fuels along with its associated stronger pricing,\" said Todd Waltz, Chief Financial Officer of Aemetis. \"North America revenues during the third quarter of 2021 increased to $49.8 million compared to $33.1 million during the third quarter of 2020. Capital expenditures for ultra-low carbon projects were $18.8 million for the first nine months of 2021 as our engineering and construction teams moved forward with the initiatives outlined in our previously announced Five Year Plan,\" added Waltz.\"We are pleased with the milestones accomplished during the third quarter of 2021, including commencing construction of the next phase of dairy digesters, building the biogas cleanup facility and working on the utility gas pipeline interconnect that was mechanically completed today,\" said Eric McAfee, Chairman and CEO of Aemetis. \"The Aemetis Biogas RNG project received a permit from Stanislaus County to construct approximately 20 miles of pipeline using County roads, as well as selecting the contractor who is now installing the biogas pipeline. We also received a drilling study from Baker Hughes confirming the feasibility of injecting CO2 emissions for sequestration in the unique shale formations that extend under our two biofuels plant sites in California. We invite investors to review the updated Aemetis Corporate Presentation and the Aemetis Investor Presentation on the Aemetis home page prior to the earnings call.\"Today, Aemetis will host an earnings review call at 11:00 a.m. Pacific time (PT).Live Participant Dial In (Toll Free): +1-877-545-0523 Access Code 492308Live Participant Dial In (International): +1-973-528-0016 Access Code 492308Webcast URL: https://www.webcaster4.com/Webcast/Page/2211/43472For details on the call, please visit http://www.aemetis.com/investors/conference-calls/Financial Results for the Three Months Ended September 30, 2021Revenues during the third quarter of 2021 were $49...