Aemetis (AMTX) Enters Licensing Agreement for Edeniq's Pathway Technology
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Aemetis Licenses Edeniq's Cellulosic Ethanol Technology
March 24, 2016 8:45 AM EDTVISALIA, CA -- (Marketwired) -- 03/24/16 -- Edeniq, Inc., a biorefining and cellulosic technology company, and Aemetis, Inc. (NASDAQ: AMTX), an advanced renewable fuels and renewable chemicals company, today announced they have entered into a License Agreement under which Aemetis will deploy Edeniq's Pathway technology at its 60 million gallon per year ethanol production facility located in Keyes, California.
Edeniq's Pathway Technology integrates Edeniq's Cellunator" equipment with cellulase enzymes to convert corn kernel fiber to cellulosic ethanol. The Pathway Technology utilizes existing fermentation and distillation equipment to produce up to 2.5% cellulosic ethanol and a 7% increase in... More
Aemetis Acquires License From LanzaTech With California Exclusive Rights for Advanced Ethanol From Biomass Including Forest and Ag Wastes
March 24, 2016 8:45 AM EDTCUPERTINO, CA -- (Marketwired) -- 03/24/16 -- Aemetis, Inc. (NASDAQ: AMTX) announced today the acquisition of exclusive rights to award winning, carbon recycling company LanzaTech's patented technology for the conversion of agricultural waste, forest waste, dairy waste and construction and demolition waste (CDW) to ethanol in California. The LanzaTech gas-to-ethanol technology enables Aemetis to convert these local California biomass wastes to advanced ethanol.
"The 60 million gallon per year ethanol plant in California owned and operated by Aemetis currently uses approximately 20 million bushels per year of feedstock, consisting primarily of corn... More
Aemetis Reports Fourth Quarter and Year-End 2015 Results
March 24, 2016 8:45 AM EDTCUPERTINO, CA -- (Marketwired) -- 03/24/16 -- Aemetis, Inc. (NASDAQ: AMTX), an advanced renewable fuels and biochemicals company, today announced its financial results for the fourth quarter and twelve months ended December 31, 2015.
Financial Highlights for 2015
Revenues of $147 million in 2015, down from $208 million in 2014 Adjusted EBITDA of $(3) million in 2015, down from $30 million in 2014 $22 million of EB-5 funding released to the company from escrow during 2015"In 2015, our financial and operational performance was affected by excess supply in ethanol markets," said Eric McAfee, Chairman and Chief... More
