Aemetis, Inc (AMTX) Q3 2025 Earnings Call

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WEBVTT 00:00:00.031 -- 00:00:02.293 and increasing 45C 00:00:02.293 -- 00:00:08.080 income streams during 2026 as new projects are completed. 00:00:08.080 -- 00:00:12.945 With that, I'll turn the call over to Eric McAfee, Chairman and CEO of AMETIS. 00:00:12.945 -- 00:00:17.730 Eric? Thank you, Todd. I'll start with the business segment update, followed by updates 00:00:17.730 -- 00:00:21.154 on future projects and a regulatory update. 00:00:21.154 -- 00:00:25.479 In our dairy RNG business, we significantly increased biogas production capacity at the 00:00:25.479 -- 00:00:30.355 end of the third quarter, with a new multi-dairy digester coming online in September. 00:00:30.355 -- 00:00:33.880 that increased RNG production capacity by more than 30%. 00:00:33.880 -- 00:00:38.887 As planned, we expect to reach more than 500,000 MMBTUs of renewable 00:00:38.887 -- 00:00:44.494 natural gas production capacity by the end of this year and grow to a 1 million MMBTU 00:00:44.494 -- 00:00:49.681 annual run rate by the end of 2026. We are now operating or building digesters 00:00:49.681 -- 00:00:55.369 to process waste from 18 dairies funded by $50 million of USDA guaranteed financing 00:00:55.369 -- 00:01:00.106 with 20-year repayment terms and attractive interest rates as well as equity and revenues 00:01:00.106 -- 00:01:01.928 from operations. 00:01:01.928 -- 00:01:06.634 Seven of our dairy digester low carbon fuel standard pathways were approved by the California 00:01:06.634 -- 00:01:12.442 Air Resources Board during the second quarter of this year at an average negative 384 00:01:12.442 -- 00:01:17.528 carbon intensity score. These pathway approvals increased our LCFS credit revenue 00:01:17.528 -- 00:01:19.591 by 160% for 00:01:19.591 -- 00:01:22.735 these dairies startin...