By: ICN Bureau
Last updated : March 02, 2021 7:43 am
The Aemetis Dairy RNG project plan shows revenues growing from $9 million in 2021 to $175 million in 2025.
Aemetis, an industrial biotechnology company producing renewable chemicals and fuels using patented microbes and processes, has rolled out a new five-year plan that positions the company to generate $1.07 billion of revenues and $325 million of adjusted EBITDA in year 2025. The revenues plan is a CAGR of 35% and the EBITDA growth plan is a CAGR of 109% for the years 2021 to 2025.
The Aemetis five-year plan is being presented during the 2021 Credit Suisse Virtual Energy Conference.
“We are pleased with the improving external environment for the Aemetis negative carbon intensity projects that already have been in project development, engineering and permitting for several years and are now generating revenue and EBITDA growth,” said Eric McAfee, Chairman and CEO of Aemetis.
“As a leader in the fast-growing negative carbon intensity transportation fuels industry, most of our senior management team and board members have been executing on the Aemetis mission for up to 15 years. We believe that we have the team, technology and platform in place to execute on this five-year plan. The $1 billion of revenues in year 2025 represents less than one percent of the addressable market for our negative carbon intensity RNG and renewable fuels, especially considering increasing demand for negative carbon intensity electricity from Renewable Natural Gas to power the expected rapid growth of electric vehicles with estimated -416 carbon intensity dairy RNG from our projects.”
The majority of the company’s revenue growth is expected to come from California dairy Renewable Natural Gas and the Aemetis “Carbon Zero” renewable jet/diesel plants using negative carbon intensity cellulosic hydrogen produced from waste almond orchard wood in Central California.
The Aemetis Dairy RNG project plan shows revenues growing from $9 million in 2021 to $175 million in 2025, while Dairy RNG project EBITDA expands from $4 million in 2021 to $141 million in 2025. Aemetis has been awarded $23 million of grants related to dairy RNG and related gas cleanup and utility pipeline interconnection units, including a $1 million grant to install an RNG dispensing station to fuel RNG trucks at the Keyes plant.
The Aemetis “Carbon Zero” renewable jet/diesel plants utilizing estimated -80 negative carbon intensity cellulosic hydrogen is planned to grow to $467 million revenues and EBITDA of $136 million in year 2025.
The use of negative carbon intensity waste materials as inputs to produce Renewable Natural Gas and Renewable Jet/Diesel is an optimization of the operations and profit margins of the existing Keyes 65-million-gallon ethanol plant that is operating at nearly full capacity.
Aemetis recently announced a $2 billion bid process to airlines and fuel blenders for the Carbon Zero plant.