Aemetis (AMTX) Corporate presentation summary

Operating platform

• Integrated renewable fuels platform spans dairy RNG, California ethanol, India biodiesel, planned Riverbank renewable diesel/SAF, and carbon capture.

• Existing operations include a 65 mgy ethanol plant in Keyes, an 80 mgy biodiesel and refined glycerin plant in India, and dairy RNG infrastructure.

Dairy RNG

• Operating system includes 14 digesters supplied by 17 dairies, a 36-mile biogas pipeline, a central RNG facility, and an active PG&E interconnect; 50 dairies signed.

• Current annual production capacity is 600,000 MMBtu; planned full build-out targets 1.6M MMBtu/year by expanding from 17 to 75 dairies.

• RNG monetization includes pipeline sales, planned onsite fueling, and environmental attributes; cited value drivers include LCFS credits, D3 RINs, and transferable 45Z and 48 investment tax credits.

California ethanol and India biofuels

• Keyes ethanol upgrades include completed 2 MW solar and battery storage and an advanced control system; corn oil expansion is slated for 2H 2026 and MVR is expected in operation in 2027, targeting an 80% reduction in natural gas use.

• California’s E15 implementation law takes effect in January 2027 and is cited as creating up to a 600M-gallon ethanol market opportunity.

• India’s 80 mgy biodiesel and refined glycerin facility serves a 23B-gallon/year diesel market; policy targets a 5% biodiesel blend by 2030, while export approvals to Europe and the U.S. are pending.