Significant Revenue Growth
Revenues increased to $268 million for the year ended December 31, 2024, compared to $187 million in 2023, driven by increases across all segments.
California LCFS Credits Approval
Amendments to California's low carbon fuel standard were approved, setting twenty years of increasing mandates for low carbon fuels with anticipated higher LCFS credit prices.
Federal and State Policy Support
Supportive federal and state policies for renewable fuels, including E15 ethanol blend approvals and production and investment tax credits, are expected to positively impact business growth.
Aemetis Biogas Expansion
Plans to expand to 26 dairies by 2025, with a goal of reaching one million MMBtu per year in 2026, supported by USDA guaranteed financing.
India Biofuels Business Performance
Delivered $112 million in biodiesel sales over one year, with expectations of continued government support for biodiesel blending.