Aemetis Biogas Monthly RNG Production Increased by 55% in March

Core Insights - Aemetis, Inc. reported a 55% increase in renewable natural gas (RNG) production in March compared to February, driven by warmer weather enhancing microbial activity in anaerobic dairy digesters [2][4] - The company completed sales of Low Carbon Fuel Standard (LCFS) credits and D3 Renewable Identification Numbers (RINs) at the end of Q1, contributing to revenue growth [3][4] - Aemetis is finalizing approvals for seven dairy digesters under the LCFS pathway, expected to generate approximately $6 million annually from LCFS credits at current prices [5] Production and Revenue Growth - The increase in RNG production aligns with Aemetis' 2025 production plan, leading to higher revenues from LCFS and D3 RINs, as well as Section 45Z tax credits [4] - The company is constructing additional digesters to process waste from four more dairies, which will further boost RNG production and associated revenues [4] Regulatory Environment - CARB is finalizing amendments to the LCFS that are anticipated to significantly increase the demand for LCFS credits, potentially leading to a 300% increase in total LCFS revenue per MMBtu of RNG [6] - The final proposed regulations by CARB are currently under a fifteen-day comment period [6] Project Developments - Aemetis is expanding its biogas production capabilities through the Central Dairy Digester Project, which will capture methane from 50 dairies and is expected to produce 1.65 million MMBtu of dairy RNG annually [7] - The project aims to replace a significant portion of California's imported diesel with locally produced RNG, addressing the state's reliance on crude oil imports [7]