Company: AMTX
Filing Date: 2025-05-08
Form Type: 10-Q
Source: 0001437749-25-015301
Chunk: 82

Company: AEMETIS, INC
Filing Date: 2025-05-08
Form: 10-Q
Item: Part I, Item 1F
Chunk 82
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 We are focused on processes that extract sugar from cellulosic feedstocks and produce low carbon ethanol, renewable hydrogen, SAF, and RD.

Results of Operations

Three Months Ended March 31, 2025, Compared to Three Months Ended March 31, 2024

Revenues

In our California Ethanol segment, we sell the ethanol, WDG, DCO, and CDS that we produce to J.D. Heiskell, which resells it to customers designated by us. Our finished ethanol tank is leased by J.D. Heiskell and legal title to the product is transferred when we put our ethanol product into the tank.  We have designated Murex LLC to purchase and market all of the ethanol and A.L. Gilbert to purchase and market the WDG. Each company resells to third-party customers. We sell the CO2 that we capture from our fermenters to an industrial gas company that produces commercial grade CO2 for distribution.        

Most of our California Dairy Renewable Natural Gas segment revenues represented below are from sales of D3 RINs and LCFS credits generated from sales of our RNG for transportation use.

In 2024, all of our India sales of biodiesel were to government owned Oil Marketing Companies ("OMCs"). The OMCs paused purchase when the prior allocations were fulfilled in September 2024 and did not resume purchases until April of 2025.  As a result, the Kakinada Plant did not generate revenue from biodiesel sales during the three months ended March 31, 2025, and the sales from that segment represent sales of glycerin and some sales of accumulated feedstocks.  The Kakinada Plant resumed shipments of biodiesel in April 2025 and will be able to fulfill a significant number of orders from existing inventories of biodiesel and feedstocks.   

      2025 

      2024 

      Inc/(dec) 

      % change 

      California Ethanol 
      
     $
     37,748

     $
     36,089

     $
     1,659

     4.6
     %

      California Dairy Renewable Natural Gas 

     2,443

     3,792

     (1,349
     )

     (35.6
     )%

      India Biodiesel 

     2,695

     32,753

     (30,058
     )

     (91