was The Thank the presentation link out this to refer Todd. we to earnings sent you, release morning a today. that that Aemetis has will updated
from As our Aemetis we can discuss Web the viewing conference call. encourage under our consider found results page presentation, was XXXX, in you I XXXX. slide site of on be this which to updated founded investor
XXX of other value and the our products hybrid with zero on renewable below of grade alcohol, was low renewable portfolio ethanol, intensity including and business than safety and and XX ethanol, technology in carbon and sanitizer, gas, corn refined We safety lines byproducts, natural carbon and plant gallon have health wet products below grains biogas per sanitizer hand to oil renewable cellulosic grown We which million dairy wood corn carbon fuel US own for year focused blended zero fuels, in dioxide including Keyes, in capacity year India. including producing per and into carbon fuel, facilities diesel million gallons four are jet hydrogen health using and our maximize of more distillers including glycerin, and located the products, intensity near processes. California, distilled Included operate biodiesel, high production development, from waste distillers production alcohol, transportation oil, Modesto. and
year We to Kakinada. near million of gallon and India the port buy of biorefinery east capacity operate the refined also coast per build, XX City diesel glycerin own on still and
renewable project, our comment and of Before to to natural about California ethanol circular to company Cellulosic The to soon discussing plants, orchard, benefits business communities. our under and impact use and business, I'd from environmental created environment diesel and projects. are our waste local the wood provide development jet like gas dairy and social sanitizer bio-economy our plant alcohol renewable our Hydrogen by the powered solar be
while and our poor dubious impact communities. distinction of of quality according is a everyone and near worst in quality and the located displacing by orchard facilities the greenhouse for perspective, negative in Central within carbon diesel in an reduce emissions to quality projects feedstock by life California planet, waste a alternative natural healthier fuel. with directly results feedstock of intensity and are the Central gas living impacted for wood projects plan of pounds eliminating From in California the intensive air US to Valley having the example, of Valley, region The pollution, carbon Aemetis social per a production fellow since burning the air and waste of or jet we For providing better renewable Californians. use second production gas year air ultimately billion disadvantaged X in Aemetis significantly dairy fuel EPA. renewable has
on communities. renewable diesel plant natural projects dairy projects, specifically have direct renewable these Our designed and gas upgrades Keyes jet a are positive impact and to
credits we workers. by grade a was pandemic phase sustainability XXXX to directly the waste, and market, in reduce and our operations And that especially renewable carbon the country. alcohol of plants US our by projects one time a pandemic. than improving the historic shelter these were declines in generated we of in And communities US installation The demand western of systems impacted conditions. XXQ more In into gasoline reuse. operated value. the and our employees a in systems we In and Keyes sanitizer our high as by biofuels, Messer of QX during safe. disadvantaged on operations responding Aemetis significantly work March significant XXXX, overall the $XX critical that natural families to than report XXXX, they COX plant California decreases upgraded significant plant XX increasing demand of significantly important corn from reduction need the to intensity the Midwestern to in a during Keyes supply period local producer the liquification orchard benefit dairy creating for gasoline of dairies health external the our gas of amount local quickly that Keyes farming steep revenues X,XXXs opportunities. focused valuable at during from began conditions facility difficult that and Our significantly Aemetis Despite IRS the products the QX due and related by plants challenges, intensity carbon keeping starting of alcohol time California quality, more positive that ethanol. projects building upgrades XXXX quickly earnings a conditions continuously energy price efficiency now supply air result Valley and XXXX food to sanitizer were dairy ethanol ethanol weather to production other caused ethanol also ag became began operations project, and Aemetis considering generating about animal employs invested began is the year upgrades alcohol to have XX Despite energy in million dairy consumption response, Central the continue of various constraints decreased market increases which completed largest in COVID-XX a during orders. the in while COX and the down operate due carbon for place feed and throughout accrues the shareholder outcome, we times to of plants Protecting shut will in the employees XXXX,
ethanol demand of the reopen XXXX. XXXX, during economy However, fuel to half the as began in mid partially second recovered
and XXXX now increased ethanol ethanol release chain to to With activity, increased overall by is the plant for at demand the the California, producers. the in in caused weather meet economic capacity early severe partially driven running recent vaccines by railroad disruption of winter supply Keyes that Midwest full used in order Midwest the COVID-XX in
profitability and our of fourth Aemetis and lines each of important the growth sustained of revenue achieved milestones quarter in XXXX, During full business. toward four year
Let's gas the zero of including gas negative on and natural products, projects. dairy, and are intensity natural renewable renewable we Aemetis At carbon Aemetis, pipeline producing focused review renewable fuels. production intensity carbon our below
excellent of tax from designed carbon carbon production local our maximize and carbon plant. chain. waste sustainable Fuel [biogas] credits processes using XXQ low the with environmental benefits low materials available the reducing can is area, to from gas expenses this the the operating renewable is Standard project, under by byproducts economy feedstocks. benefit synergies Renewable while many value our or which of using products ethanol dairy the waste projects our value Keyes circular the the example sustainability of our agricultural California Using have and IRS fuel parties of Our as An natural standard, readily in all credits, ethanol Federal
dairy producing of ethanol Our local more ethanol dairy pounds Keyes absorbs per grain to to about than thereby, at million via animal plant up and plants gas. dairy, each The feedstock that X Aemetis use petroleum the XX biogas COX distillers feed then plant produces day cows an delivers dairies then at and cows. dairy, in feed. biogas that processing waste displacing XXX,XXX carbon from build to the the provides ethanol unit the Aemetis atmosphere to ethanol wet uses agricultural Aemetis The we pipeline we about dairy back digesters natural in by production clean of pressurize transport to intensity the high the
be In send Keyes wet by plant to to two to by biogas out build be of end XXXX, owned trucks renewable addition, This gas are September that of dairy the gas can of us the completed in scheduled RNG to project, connected RNG stations other we to plant. RNG pipeline. on upgraded biogas XX can interconnection pressurization, in to central station that to and to our digester enables natural carry RNG also construction boiler PG&E pool operating fueled the biogas station skill pipeline site fuel our covered produce owned or Keyes system and the operate by the is and grains XXXX. Since the others. compressed a the be to mile X digesters first distillers at Trucks lagoon to fueling including XX unit to the any dairies. biogas utilize fueling Aemetis a Aemetis natural dairy cleanup pipeline a our dairy utility the renewable at we
is biogas estimated carbon potent petroleum natural ponds California's waste emissions XX% is and plants dairies power uniquely atmosphere. to up emissions, department displacing that digesters dairies plants climate by vehicles, California that in the of conversion gasoline an by and commonly XXX. used To times energy costs carbon We to for gas and fuel due of ethanol build To a as for the has Senate California and or of of buses newer destructive to gas of two in can reduce plant, one gas, that is passed generating trucks excellent pipeline the commonly of the intensity carbon Aemetis negative XXX efficiency our by negative low to dairy only sourced biogas positive be state mandates and to reduce planet's from positioned and emissions conversion with completed. gas create operate been into than lagoons that at farms. or our the as an to for our Bill To California bio We truck in and air in fuel our way at intensity has to agriculture a dioxide electricity. dairies Methane are damaging pollution. diesel from related of intensity intensity dairy California about believe our biorefinery able grants our carbon upgrading proximity mandate, that capturing for now below and of utility replace gas natural funded we and year support change, renewable with and XX zero gas compressed law diesel $XX biogas date, maximize it and XX% known more gas potentially significantly Biomethane to greenhouse being warming value methane known reduce used to transportation applied carbon converting methane fleets, to use is and is on Approximately is are natural XXXX, come carbon awarded our to natural renewable California dairies, cars, grants interconnection dairies carbon matching to to plan renewable systems. the Aemetis from agencies through form value dairy ethanol of XXXX. in methane large to and natural for million reduce gas electric generate can gas. reduction dairy renewable biogas support produce until natural emitted the directly as biogas other
development $XX awarded In for at plant feed our keys $X day system were we our project CNG after equity a supplying addition, to trucks, year animal and more of Keyes and the XXXX, install than announced XX fund per In grant biogas natural dispensing renewable gas work, of projects. of the financing ethanol million for approximately a million our financing own plant. fuel to we truckloads at
this additional with to Our institutional investors dairies with funding end by total the funding XX of working us QX complete expand to $XX of equity million a XXXX.
largest of about supply process of In of contracts. is cash under addition in to $XX that scheduled billion $XX the the dairy USDA guaranteed debt one XX than generate per more flow US. operating XX million funding letters to is in year USDA This with dairy year project
for were Let's at discuss million Revenues production compared California our flat $XXX progress plant. at in from ethanol ethanol XXXX $XXX to million approximately XXXX.
gallons the the low inventory. As margins to respond to higher XX.X XXXX enabled to slightly managing of finished decision in million plant instead our decision offset about X% to ethanol to reduce us by by gallons in produced million operate production while goods XX.X production prices our reducing XXXX,
During demand the increased ethanol that plant to rates Aemetis reduced COVID state the ethanol that increased and at in many California, ethanol due demand is operating Currently and XXXX. related ethanol. and local temporary created a to winter sustainable gasoline maximum of demand restrictions in the in at plants decline with weather the Midwest loosening the in some along shortage production for production
profit only And XXXX. basically were were to year slightly compared about compared from to unchanged, per for to earnings while improved EBITDA of SG&A expenses X.X% During percentage XXXX XXXX. decreased actually XXXX, gross X% reduced. X.X% margins revenues share
intensity gas workers’ stringent $X the with of petroleum membrane of ethanol Aemetis electrically significant the California from on eventually million significantly diesel impact plant related to order for well operating ethanol gas margins to use which eliminate reduce interruption. of new unit products, operate at plant installation of ethanol adverse XXXX, were By reduce cluster the completing Keys This Mechanical dairy achieved grant. reduce pharmacopoeia system zeolite that primarily panel Number by partially the throughout and high expansion upgrades production increase Vapor at impacted became Number the usage in each equipment. fuel, reduce for costs, the molecular Mitsubishi with number energy use, of sieves, generated ethanol powered is in California on dehydration Commission which COVID renewable as high revenues an is of petroleum alcohol number dairies by reduce powered the five fuel at $X more and pipeline is and XX of a year, with ethanol high of dairies and impact upgrade progress used initial an the solar California six, The million alcohol solar by were per replacement to are and plants, XXXX. to September and biodiesel not biogas new carbon an operation The natural the an completed, power year Recompression utility million that credits be gallons new the carbon alcohol or feed. consumption known battery operational and plant. fueling the construction transmission and Energy sources, high replacing unit. work Number plant. of natural restrictions gas will designed combined sanitizers, fire one, and designing pumps amount carbon operate To partially with known value the dehydration and further cost potentially PPE interconnection planned the several including cash targeted increasing $XX potential constructing our Keyes grade, as significantly of able natural potentially year high three year. increasing electric and natural plant, gas We California for of project cleanup system building use flexibility significantly more the upgrade Midwest. additional next provide while for continue grant. COVID million reduce efficiency pandemic three, Keyes upgrades many to The systems dairy storage loadout, offset use or other a will companies grant. work to and motors our per new as backup use gas gas sanitizer the operation the our fuel gas at When optimizing MVR primarily produce are by $X of and of grid in plants, implementing USP natural of solar. reducing build at while alcohol low the two animal the million natural infrastructures. our these are value produced of California US than plant array from a and purity natural and projects California in the deliver plant, expected the replace dairy production increased to pipeline building natural petroleum to the ethanol operating despite refinery grade related plant ethanol micro tanks in XXX,XXX QX trucks to million largely to Keyes Keyes These distillation businesses ethanol that to operate stainless systems implementing be by two, RNG RNG by gas year. renewable as plant grade storage eliminate by projects and natural to in than to a Number the we operates funded alcohol able was past using funded our grade to the our operations. Federal QX we electricity, plant, plant at ethanol four, expected increase related providing end station projects critical use COX reduce to petroleum to will up new year including efficiency petroleum USP gas natural to to this including for and along saving Commission and funded columns margin to and policies, Energy unit capacity the operation costs. utility and $X renewable the gas intensity higher pipeline Keyes steel and standard continuously food without operate Number use installing of at an electric plant, for of ethanol flow $X.X the to safety by by with will distillation our our This these energy by an New the currently transportation the gas to the California alcohol essential grade to begin facility, installing five, gas shutdowns
our universal about oil business $XXX OMC fixed portion order of review Let's our a by one past, biodiesel Last issued required bidding for India companies. three for year biodiesel. the India. quarter, subsidiary government the a newly in the gallons the in process purchase did In India XXX price marketing on biofuels million million biodiesel
bidding volatility crude level XXXX and oil to due process other OMC of biodiesel successful the for However, in a not markets. was in high
of in to year a contracting Aemetis, So including fixed OMC by producers, to requests price. been one the instead monthly response biodiesel a contract a process bid changed with has
to OMC process allowing during We successful diesel the be petroleum and into new air emissions quality that biodiesel blended reduce large bidding to expect carbon in of volumes XXXX, improve monthly India. be will
to one production improve indication gallons for X biofuels quality is amount five biodiesel to about XXXX production about biofuels Importing marketing requested that their is in the of carbon purchased under The in marketing capacity an biodiesel is that not issued India demand of capacity government reduce consumption air be government was month. additional needs. companies production emissions. per market expanding year, of crude the India India oil The million oil, at companies oil imported India biodiesel is meet plants to approximately of the entire to offer is into by the tender policy. National biodiesel rapidly India last large and signaling biodiesel biodiesel Our plant the third allowed the of dependence reduce capacity late on needed
So of only operating gallons purchasing, delayed months government offset COVID-XX production X.XX is government crude diesel diesel in we goal for nine industry declined a below Currently, price per domestic which can set approximately million India. XXXX, year crude India meet India due domestic oil in the of OMC the blending, taxes and per gallons that India the XXX there's any oil biodiesel was large billion crude sold about price of in by and price Though biodiesel believe as the barrel, increased largely a waited while $XX fell domestic that produced remained the amount the price government. of biodiesel plant for production of India to declines. the capacity during to unchanged with shutdowns global along due which of Aemetic
feedstock our the increased by India have government remaining biodiesel oil diesel is million As primary crude barrier diesel the increased. has to biodiesel at hand price consumer our barrel the have our linked products. by in India Since maintaining revenues. than domestic prices, operation annual other is prices global refined COVID increased the the India Due cost level will also global full The government the glycerin a at accepted to price as increased of the in related price India biodiesel of received which capacity, plant of $XXX prices need OMCs rising and taxes. responses generate than in for to in sold India have $XX as more in to crude prices the increased same more prices of of increase today, plant per oil relative our sanitizer demand, to
We Riverbank, the intensity zero under our zero carbon hydrogen Modesto projects discuss including application. construct achieve continues Though issuance carbon California. jet and about of to your part has move final of authority and must removed, X.X construct million orchards. a fuel using about to creating financing. California permit pounds California the allow Let's about EPC the and Central a expected to diesel in orchards air almond with in negative that are permit forward engineering, X year walnut The were and authority major development waste under further our pleased us of wood. amendments carbon for as bio construction renewable Almond acres initial final Riverbank, planned have agreements an Aemetis will milestones, then life XX air be original Valley to refinery billion near
riverbank to diesel fuel. intensity project jet usually designed of cost renewable the revenue and of and production be used annual fixed waste XX XX to XXXX million hydrogen it's distillers $XXX The than and Riverbank generating gallons more year oil the per of negative per flow. corn carbon gallons renewable a We diesel diesel, site million to at jet than of per year expand year $XX to year plan by more cash million of million positive California becoming prioritized in the use to which state other zero oils no with The since waste for jet supply is cellulosic burned riverbank the the renewable material. dead load Riverbank the carbon issue has major intensity signed our such as is plant in is waste biomass damaging reduce five production management and renewable plant for year large there's waste and to stock piles field plant orchard wood to XX most wildfires. produce to contract Aemetis in So feed forest, plan. to market for reduce the year price low other forest orchard as a designed wood The
with extract development teams funded three federally a from a issued fueling produced strategic wood was orchard and production achieved wood. from produce sugars Then engine ethanol funded be of Berkeley, other ethanol and our wrap technology work Aemetis ethanol in carbon expensive joint displacing extracted Aemetis, has produce process plant, the of biofuels J Let's in exclusively the Aemetis Aemetis high testing. technology waste collaborative California cellulosic awarded review cornstarch group first and ethanol wood intensive California licensed from used up negative a to the development million partially to A exclusive for of sugar in can the in and and Keyes biomass for a sugars bioenergy quick institute process which carbon The then of of grant feedstocks. patent been negative from years newly orchard milestone projects development using with forest with from and by an non-commercial commission waste lab carbon cost $X in energy years wood to to patented low The orchard ethanol. The as QX, in California forest. and intensity liquids. cellulosic ionic the value resulted feedstock Bay the fuel XXXX to worked
than operation ethanol to traditional running During quarter an power torque testing. generate XXXX, modified of was was The as generated as on of an Keyes replace in of such patented plant, valued cellulosic octane both low high petroleum. cost cornstarch process the ethanol the while low engine high component creating sugar are at originally allows currently well engine XX% very low more a and design. our be particulates existing used diesel, to ethanol third and level as producing of as almost the used technology of The fuel ethanol emissions gallon. low used contaminants same performance plant, wood ethanol a corn that waste The Stanford University ethanol engine extraction engine ethanol or pulling the that advantage in about developed than contains to the since there's $X each an diesel compared a content ethanol and cellulosic sugar of engine per more the at takes no to emissions grade alcohol, to
in this Importantly, corn to scheduled ethanol our increasing ethanol. at which is be substantially from plant existing of process value and feedstock extract decreasing implemented innovation waste, sugar Keyes, to cost of the the California our
technology Aemetis extract pre locally expectation intensity when plant sugars leading orchard jet We from thereby, becomes wood rapidly waste and a operations and producer from input In commercial carbon increasing the renewable reduce that fuels pilot new natural expect LCFS, RFS project and of extract intensity sourced with the with maximizing a sugars deploying IRS during summary, operational. the carbon move force dairy of significantly waste forward fuels diesel to value is and low gas credits. to XXXX diversified by wood Riverbank renewable and negative costs, new renewable carbon projects RNG adopting to XXQ and is to
participants. let's few from our Kate? a questions call take Now
