Aemetis, Inc.

Aemetis, Inc. is an advanced renewable fuels and biochemicals company headquartered in Cupertino, California. The company's core business involves the operation, acquisition, development, and commercialization of innovative technologies designed to lower fuel costs and reduce emissions, thereby replacing traditional petroleum-based products. Founded in 2006, Aemetis focuses on converting first-generation ethanol and biodiesel plants into advanced biorefineries.

Aemetis operates through three primary segments: California Ethanol, California Dairy Renewable Natural Gas, and India Biodiesel. Its product portfolio includes ethanol, wet distillers grains, distillers corn oil, condensed distillers solubles for animal feed, USP alcohol, hand sanitizer, renewable natural gas (RNG) derived from dairy waste, distilled biodiesel, and refined glycerin. The company is actively developing sustainable aviation fuel (SAF) and renewable diesel, aiming to serve the growing demand for low and negative carbon intensity fuels.

Led by Founder, Chairman, and CEO Eric McAfee, Aemetis is strategically expanding its operations and market presence. Recent developments include scaling its Dairy RNG platform, with 12 digesters producing approximately 405,000 MMBtu in 2025, and an anticipated $32 million annual cash flow increase from a Mechanical Vapor Recompression (MVR) upgrade at its Keyes ethanol plant, expected in 2026. The company's India subsidiary, Universal Biofuels, secured a $24 million allocation for biodiesel supply to Indian government-owned oil marketing companies and is preparing for a potential initial public offering to fund further expansion into advanced renewable fuels. Analysts project Aemetis to achieve profitability around 2028.