Aemetis Implements Microsoft Dynamics(TM) ERP System to Support Current Operations and Expansion Projects
April 01 2024 - 7:00AM
via NewMediaWire -- Aemetis, Inc. (NASDAQ: AMTX), a
renewable natural gas and renewable fuels company focused on low
and negative carbon intensity products, today announced the design,
installation and implementation of the Microsoft
DynamicsTM enterprise resource planning (ERP) system worldwide
for all Aemetis operations in the U.S. and India to support current
operations and expansion projects. The tools and
processes required to operate a global company, including
manufacturing, supply chain, finance and accounting, are included
in the Microsoft DynamicsTM ERP system.
The Microsoft DynamicsTM ERP system is
designed to manage medium to large corporations and was selected
specifically to provide a world-class platform for the Aemetis
Biogas dairy renewable natural gas business, the planned IPO of the
India biodiesel business, the construction and operation of the
Riverbank sustainable aviation fuel production plant, the
development of the Riverbank carbon sequestration project, and the
operation and upgrade of the Keyes ethanol plant.
“The Microsoft DynamicsTM ERP system was
selected after an extensive process of evaluating our evolving
needs due to the rapid growth of the company,” stated Todd
Waltz, Chief Financial Officer of Aemetis, Inc. “The
specific requirements of our project management,
construction and operations are supported by the new ERP system, as
well as providing theplatform for the strong internal control
system necessary to support the accounting and reporting
requirements of ourbusiness and capital market initiatives.”
The India subsidiary has been allocated $150
million of biodiesel contracts by the three government-owned oil
marketing companies in India to support the 2022 National Biofuels
Policy in India that has a goal of more than 1.2 billion gallons
per year of biodiesel produced and consumed in India to reduce
dependence on imported crude oil, improve air quality, and create
domestic jobs and investment in India.
The Riverbank sustainable aviation fuel plant was
recently granted Authority to Construct air permits and is designed
to produce 78 million gallons per year when allocating 100% of
production to SAF for the aviation market, requiring an ERP system
capable of managing the construction and operation of the
plant.
The Aemetis Biogas business has turned positive
cash flow from operations and is building dairy digesters toward a
goal of 75 operating digesters within the next sixty
months. The ERP system will enable both ongoing
operations as well as multiple simultaneous construction
projects.
The Aemetis carbon sequestration project at the
Riverbank site has received a permit to drill the CO2 sequestration
characterization well to obtain samples of the subterranean
formations in support of the EPA Class VI injection well permitting
process.
Due to the expansion of these businesses, Aemetis
plans growth to more than $1.9 billion of revenues and $645 million
of EBITDA in the fifth year of the Aemetis Five Year Plan.
About Aemetis
Headquartered in Cupertino, California, Aemetis is
a renewable natural gas, renewable fuel and biochemicals company
focused on the acquisition, development and commercialization of
innovative technologies that replace petroleum-based products and
reduce greenhouse gas emissions. Founded in 2006, Aemetis is
operating and actively expanding a California biogas digester
network and pipeline system to convert dairy waste gas into
Renewable Natural Gas. Aemetis owns and operates a 65 million
gallon per year ethanol production facility in California’s Central
Valley near Modesto that supplies about 80 dairies with animal
feed. Aemetis owns and operates a 60 million gallon per year
production facility on the East Coast of India producing high
quality distilled biodiesel and refined glycerin for customers in
India and Europe. Aemetis is developing the sustainable aviation
fuel (SAF) and renewable diesel fuel biorefinery in California to
utilize renewable hydrogen, hydroelectric power, and renewable oils
to produce low carbon intensity renewable jet and diesel fuel. For
additional information about Aemetis, please
visit www.aemetis.com.
Safe Harbor Statement
This news release contains forward-looking
statements, including statements regarding assumptions,
projections, expectations, targets, intentions or beliefs about
future events or other statements that are not historical facts.
Forward-looking statements include, without limitation, projections
of financial results in 2024 and future years; statements relating
to the development, engineering, financing, construction, and
operation of the Aemetis SAF and renewable diesel plant; and our
ability to promote, develop and deploy technologies to produce
renewable fuels and biochemicals. Words or phrases such as
“anticipates,” “may,” “will,” “should,” “believes,” “estimates,”
“expects,” “intends,” “plans,” “predicts,” “projects,” “showing
signs,” “targets,” “view,” “will likely result,” “will continue” or
similar expressions are intended to identify forward-looking
statements. These forward-looking statements are based on current
assumptions and predictions and are subject to numerous risks and
uncertainties. Actual results or events could differ materially
from those set forth or implied by such forward-looking statements
and related assumptions due to certain factors, including, without
limitation, competition in the ethanol, biodiesel and other
industries in which we operate, commodity market risks including
those that may result from current weather conditions, financial
market risks, customer adoption, counter-party risks, risks
associated with changes to federal policy or regulation, and other
risks detailed in our reports filed with the Securities and
Exchange Commission, including our Annual Reports on Form 10-K, and
in our other filings with the SEC. We are not obligated, and do not
intend, to update any of these forward-looking statements at any
time unless an update is required by applicable securities
laws.
External Investor Relations
Contact:
Kirin Smith
PCG Advisory Group
(646) 863-6519
ksmith@pcgadvisory.com
Company Investor Relations/
Media Contact:
Todd Waltz
(408) 213-0940
investors@aemetis.com
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