Business
Aemetis Unveils Five Year Plan Targeting $2.0 Billion of Revenue, $496 Million of Net Income and $682 Million of Adjusted EBITDA in 2027
CUPERTINO, CA / ACCESSWIRE / February 13, 2023 / Aemetis, Inc. (NASDAQ:AMTX), a leading producer of below zero carbon intensity dairy Renewable Natural Gas
About this update from Aemetis, Inc
[{"type":"text","content":"CUPERTINO, CA / ACCESSWIRE / February 13, 2023 / Aemetis, Inc. (NASDAQ:AMTX), a leading producer of below zero carbon intensity dairy Renewable Natural Gas and developer of the Carbon Zero renewable jet/diesel biorefineries with carbon sequestration, today released an updated Five Year Plan that provides insights into the Company's plans to generate $2.0 billion of Revenues, $496 million of Net Income, and $682 million Adjusted EBITDA in year 2027.The Five Year Plan reflects a projected Revenues compound annual growth rate of 43% and a projected Adjusted EBITDA compound annual growth rate of 77% between 2023 and 2027.A presentation describing the Five Year Plan was filed with the SEC and is posted on the Aemetis website. The Plan includes the expansion of the company by the production of negative carbon intensity Renewable Natural Gas (RNG); Sustainable Aviation Fuel (SAF); Renewable Diesel fuel (RD); carbon sequestration of CO 2 ; and other low- and below-zero-carbon products produced from the Aemetis' ecosystem of renewable projects. The presentation profiles the capital expenditures for the projects, as well as the positive financial impact of the Inflation Reduction Act.\"With the passage of the Inflation Reduction Act, Congress provided a clear incentive to support the meaningful reduction of air and carbon pollution which we expect to achieve in this Five Year Plan which grows the Company to revenues of $2 billion in 2027,\" said Eric McAfee, Chairman and CEO of Aemetis. \"Significant milestones were achieved in the past year by Aemetis, including: completing 40 miles of biogas pipeline; completing construction of the biogas-to-RNG upgrading facility; completing construction of the PG&E gas pipeline interconnection unit; bringing four additional dairy digesters with H 2 S removal and compression units into service by the end of January of this year; progressing with permitting and engineering for the Carbon Zero renewable jet/diesel plant and carbon sequestration facilities; progressing with construction of the 1.9 megawatt solar microgrid with battery backup; commissioning the Mitsubishi ZEBREX electric ethanol/water separation facility; achieving detailed engineering, procurement, and phase one construction for the Mechanical Vapor Recompression (MVR) unit at the Keyes plant to displace our use of petroleum natural gas w...