Company: AMTX
Filing Date: 2025-08-07
Form Type: 10-Q
Source: 0001437749-25-025271
Chunk: 94

Company: AEMETIS, INC
Filing Date: 2025-08-07
Form: 10-Q
Item: Part I, Item 1F
Chunk 94
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2 million D3 RINs at an average price of $2.61 per D3 RIN, compared to the six months ended June 30, 2024, when we sold 1.1 million D3 RINs at an average price of $3.11 per RIN. We have been generating LCFS credits associated with the RNG sales based on the default carbon intensity ("CI") of negative 150 while our individual dairy CI pathways were waiting for approval from the California Air Resources Board ("CARB"). During the six months ended June 30, 2025, we sold 30 thousand LCFS credits at an average price of $64.45 each, compared to 23 thousand metric tons of LCFS credits at an average price of $65.73 each during the six months ended June 30, 2024.

India Biodiesel.  For the six months ended June 30, 2025, the Kakinada Plant generated $9.5 million in revenue from sales of biodiesel, and $5.1 million from other sales. The India biodiesel plant generated $54.7 million in revenue from biodiesel and $2.9 million in revenue from other sales during the same period in 2024. The segment's revenue decreased due to delays in OMC's issuing tenders and associated purchase contracts.

Cost of Goods Sold

      2025 

      2024 

      Inc/(dec) 

      % change 

      California Ethanol 
      
     $
     83,780

     $
     85,800

     $
     (2,020
     )

     (2.4
     )%

      California Dairy Renewable Natural Gas 

     4,334

     3,316

     1,018

     30.7
     %

      India Biodiesel 

     15,450

     52,497

     (37,047
     )

     (70.6
     )%

      Total 
      
     $
     103,564

     $
     141,613

     $
     (38,049
     )

     (26.9
     )%

California Ethanol. We ground 9.4 million bushels of corn at an average cost of $6.53 per bushel during the six months ended June 30, 2025, compared to