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| Share Name | Share Symbol | Market | Type |
|---|---|---|---|
| Aemetis Inc | NASDAQ:AMTX | NASDAQ | Common Stock |
| Price Change | % Change | Share Price | Bid Price | Offer Price | High Price | Low Price | Open Price | Shares Traded | Last Trade | |
|---|---|---|---|---|---|---|---|---|---|---|
| 0.00 | 0.00% | 4.05 | 3.80 | 6.48 | 5 | 10:17:46 |
From May 2023 to May 2024
By Chris Wack
Shares of Aemetis rose 13% to $2.36 on Thursday after the company said the U.S. Environmental Protection Agency approved a subsidiary's renewable natural gas production facility.
The stock closed Wednesday's session up 11%, but is still down 40% this year and 70% in the past 12 months.
The EPA approved Aemetis Biogas Services' facility for the generation of D3 Renewable Identification Numbers under the Renewable Fuel Standard. The company said that six dairy biogas digesters are fully operational and a seventh is scheduled to be in early June.
The renewable natural gas produced by Aemetis is expected to generate several revenue streams, including the sale of renewable natural gas for transportation use to replace petroleum diesel, and for the sale of Inflation Reduction Act Production Tax Credits, beginning in 2025.
Renewable natural gas is being injected into the utility gas system and will be stored underground until Aemetis Biogas receives carbon intensity pathway approvals from the California Air Resources Board for the sale of credits.
Write to Chris Wack at chris.wack@wsj.com
(END) Dow Jones Newswires
May 18, 2023 12:57 ET (16:57 GMT)
Copyright (c) 2023 Dow Jones & Company, Inc.
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