CEQA

Aemetis Reports 2023 Fourth Quarter and Year-End Results

Retrieved on: 
Thursday, March 7, 2024

CUPERTINO, CA, March 07, 2024 (GLOBE NEWSWIRE) -- via NewMediaWire – Aemetis, Inc. (NASDAQ: AMTX), a renewable natural gas and renewable fuels company focused on low and negative carbon intensity products, today announced its financial results for the fourth quarter and twelve months ended December 31, 2023.

Key Points: 
  • “Revenues were $70.8 million for the fourth quarter of 2023, an increase from $66.7 million for the fourth quarter of 2022.
  • Financial Results for the Three Months Ended December 31, 2023
    Revenues were $70.8 million for the fourth quarter of 2023, an increase from $66.7 million for the fourth quarter of 2022.
  • The ethanol gallons sold increased from 13.4 million gallons during the fourth quarter of 2022 to 15 million gallons during the fourth quarter of 2023.
  • Selling, general and administrative expenses rose from $7.5 million during the fourth quarter of 2022 to $9.8 million during the fourth quarter of 2023.

Berry Corporation Reports Fourth Quarter and Full Year 2023 Financial Results

Retrieved on: 
Wednesday, March 6, 2024

DALLAS, March 06, 2024 (GLOBE NEWSWIRE) -- Berry Corporation (bry) (NASDAQ: BRY) (“Berry” or the “Company”) announced fourth quarter and full-year 2023 results.

Key Points: 
  • DALLAS, March 06, 2024 (GLOBE NEWSWIRE) -- Berry Corporation (bry) (NASDAQ: BRY) (“Berry” or the “Company”) announced fourth quarter and full-year 2023 results.
  • The Company's average daily production in the fourth quarter 2023 increased 2% to 25,900 boe/d, compared to third quarter volumes.
  • Company-wide realized oil price, including hedging effects, was $72.65 per bbl for the fourth quarter 2023 compared to $73.13 per bbl in the third quarter 2023.
  • General and administrative expenses (“G&A”) remained flat in the fourth quarter 2023 compared to the third quarter 2023.

Aemetis Receives Authority to Construct Air Permits for Riverbank Sustainable Aviation Fuel Plant

Retrieved on: 
Tuesday, March 5, 2024

The Authority to Construct permits were issued by the San Joaquin Valley Air Pollution Control District following an extensive technical review and two public comment periods.

Key Points: 
  • The Authority to Construct permits were issued by the San Joaquin Valley Air Pollution Control District following an extensive technical review and two public comment periods.
  • Together, these permits are the key permits needed for Aemetis to proceed with engineering and financing to construct the plant.
  • “Building our sustainable aviation fuel business is a high priority to meet rapidly increasing global demand for SAF from airlines,” said Eric McAfee, Chairman and CEO of Aemetis.
  • The Aemetis Five Year Plan projects that the Aemetis sustainable aviation fuel and renewable diesel plant will generate $672 million of revenues with $195 million of adjusted EBITDA in 2027.

Aemetis Announces Updated Five Year Plan Projecting Growth to $1.95 Billion of Revenue and $645 Million of Adjusted EBITDA in 2028

Retrieved on: 
Tuesday, February 20, 2024

The 2024 Plan states revenues are expected to grow at a compound annual growth rate of 38%, and adjusted EBITDA is expected to grow at a projected compound annual growth rate of 83% for the years 2024 to 2028.

Key Points: 
  • The 2024 Plan states revenues are expected to grow at a compound annual growth rate of 38%, and adjusted EBITDA is expected to grow at a projected compound annual growth rate of 83% for the years 2024 to 2028.
  • The presentation also describes the tax credits expected to be received by Aemetis from the Inflation Reduction Act (IRA) for its renewable fuel and sequestration projects.
  • “Additionally, Aemetis closed $50 million of new USDA funding and received $55 million from the sale of IRA tax credits in the past year.
  • The Five Year Plan for Aemetis Dairy RNG operations projects revenues will grow from $18 million in 2024 to $190 million in 2028, while Dairy RNG project EBITDA is expected to expand from $7 million in 2024 to $123 million in 2028.

Aemetis Biogas Completes Construction Funding from $25 million USDA Loan for Aemetis Biogas 1 Dairy Digesters

Retrieved on: 
Thursday, February 1, 2024

CUPERTINO, CA, Feb. 01, 2024 (GLOBE NEWSWIRE) -- via NewMediaWire – Aemetis, Inc. (NASDAQ: AMTX), a renewable natural gas and renewable fuels company focused on negative carbon intensity products, announced today the deployment of the entire $25 million of funding provided under the previously announced USDA-guaranteed loan for its Aemetis Biogas 1 LLC (AB1) project company.

Key Points: 
  • Aemetis Biogas produces renewable natural gas (RNG) from dairy biomethane digesters located in California’s Central Valley.
  • In addition to the USDA-guaranteed funding, Aemetis Biogas invested $30 million of project equity and has obtained $23 million of grants to date.
  • The Aemetis AB1 loan was guaranteed by the USDA under the Renewable Energy for America (REAP) loan guarantee program that required monthly draws of funding for project construction.
  • In the past year, $50 million of funding guaranteed by the USDA has closed to fund the Aemetis Biogas 1 and 2 project companies.

New Free Cities Center Book: Reforms to Increase Affordability, Homebuilding Would Go Far to Alleviate State's Housing, Homeless Crises

Retrieved on: 
Wednesday, January 31, 2024

"Homelessness is a social problem that's compounded by exorbitant housing prices," said the book's authors, Dr. Wayne Winegarden and Steven Greenhut.

Key Points: 
  • "Homelessness is a social problem that's compounded by exorbitant housing prices," said the book's authors, Dr. Wayne Winegarden and Steven Greenhut.
  • "Regions with lower-cost housing have much lower levels of homelessness because a lack of low-cost housing leaves those people on the economic margins with nowhere to go."
  • The law's maze of costly reports, multiple approvals, and potential for out-of-control lawsuits has become a major obstacle to homebuilding.
  • PRI's Free Cities Center cultivates innovative ideas to improve urban life based around freedom and property rights -- not government.

H Cycle Receives Article 2 Determination from CalRecycle

Retrieved on: 
Thursday, January 18, 2024

WALNUT CREEK, Calif., Jan. 18, 2024 /PRNewswire/ -- H Cycle, an innovator in renewable hydrogen production, announced today that the company received an SB 1383 Article 2 Determination from CalRecycle. The Article 2 Determination recognizes that H Cycle's technology constitutes an increase in landfill diversion of post-recycle organic waste and a reduction in greenhouse gas (GHG) emissions.

Key Points: 
  • WALNUT CREEK, Calif., Jan. 18, 2024 /PRNewswire/ -- H Cycle , an innovator in renewable hydrogen production, announced today that the company received an SB 1383 Article 2 Determination from CalRecycle .
  • The Article 2 Determination recognizes that H Cycle's technology constitutes an increase in landfill diversion of post-recycle organic waste and a reduction in greenhouse gas (GHG) emissions.
  • "We are incredibly grateful for CalRecycle's thorough review of H Cycle's application and the affirmed Article 2 Determination.
  • We are confident that H Cycle's technology is a viable way to reduce landfill waste and mitigate dangerous GHG emissions," said Brandon Cowart, CEO of H Cycle.

The Sohagi Law Group's Margaret Sohagi, Nicole Gordon and R. Tyson Sohagi Recognized as 2024 Super Lawyers

Retrieved on: 
Tuesday, January 16, 2024

LOS ANGELES, Jan. 16, 2024 /PRNewswire/ -- Environmental and land use law firm The Sohagi Law Group announced that all three of the firm's Partners, Nicole Gordon , R. Tyson Sohagi and Managing Partner Margaret Sohagi have been selected by their peers for inclusion in the 2024 Southern California Super Lawyers list.

Key Points: 
  • LOS ANGELES, Jan. 16, 2024 /PRNewswire/ -- Environmental and land use law firm The Sohagi Law Group announced that all three of the firm's Partners, Nicole Gordon , R. Tyson Sohagi and Managing Partner Margaret Sohagi have been selected by their peers for inclusion in the 2024 Southern California Super Lawyers list.
  • Annually, the lawyer rating service Super Lawyers recognizes no more than five percent of attorneys in each state.
  • This honor highlights lawyers from over 70 practice areas who have demonstrated exceptional professional achievements and garnered substantial peer recognition.
  • Nicole Gordon advises public agencies on complex environmental and land use matters at the administrative, trial, and appellate levels.

Greenbriar Provides Water Update

Retrieved on: 
Tuesday, December 12, 2023

Phoenix, Arizona--(Newsfile Corp. - December 11, 2023) - Greenbriar Sustainable Living Inc. (TSXV: GRB) (OTC Pink: GEBRF) ("Greenbriar" or the "Company") is pleased to announce the following water update.

Key Points: 
  • Phoenix, Arizona--(Newsfile Corp. - December 11, 2023) - Greenbriar Sustainable Living Inc. (TSXV: GRB) (OTC Pink: GEBRF) ("Greenbriar" or the "Company") is pleased to announce the following water update.
  • Here, the city developed a water supply assessment ("WSA") for the project demonstrating the adequacy of short-term and long-term water supplies for the project.
  • The district's lawsuit challenges the adequacy of that analysis, not the actual "delivery of domestic water" to the project.
  • The undersigned has on the record referred the water district to the Kern County District Attorney for investigation.

Aemetis Receives Environmental Approval for 24-mile Pipeline Extension to Transport Biogas from Dairy Digesters to RNG Production Facility

Retrieved on: 
Wednesday, November 29, 2023

CUPERTINO, CA, Nov. 29, 2023 (GLOBE NEWSWIRE) -- via NewMediaWire - Aemetis, Inc. (NASDAQ: AMTX) announced today that the Stanislaus County Board of Supervisors, upon a 4 to 0 vote, approved the California Environmental Quality Act (CEQA) analysis for Aemetis Biogas LLC to extend its biogas pipeline by an additional 24 miles using the public right of way. 

Key Points: 
  • The pipeline transports biogas from dairy digesters to a centralized renewable natural gas (RNG) upgrading facility located at the Aemetis Keyes biofuels plant.
  • The pipeline extension will enable Aemetis to add 21 additional dairies to the Aemetis Biogas project in Stanislaus and Merced Counties.
  • The Aemetis Biogas pipeline project, including dairy digesters, collection pipeline, centralized biogas upgrading facility, RNG fueling station, and PG&E gas pipeline interconnection, is investing more than $300 million in California’s Central Valley.
  • “With 36 miles of biogas pipeline already built, seven operating dairy digesters, and biogas digesters under construction for ten more dairies, this new approval for 24 miles of biogas pipeline serving an additional 21 dairies is another significant milestone for the Aemetis Biogas dairy RNG project,” said Eric McAfee, Chairman and CEO of Aemetis.