AEMETIS, INC: management transactions · United States · SEC (Form 4)

About AEMETIS, INC

Aemetis, Inc. (NASDAQ: AMTX) is a U.S.-based renewable fuels and low-carbon biochemicals company headquartered in Cupertino, California, United States. Founded in 2006 by Eric McAfee, the company has positioned itself as an integrated clean-energy industrial platform focused on displacing petroleum-derived products with renewable alternatives and monetizing environmental attributes where possible. Aemetis’ business model spans several related operating segments. Its core asset base includes a California ethanol plant in the Central Valley near Modesto/Keyes, which produces fuel ethanol and valuable co-products used in animal feed. The company is also building and operating a California dairy RNG platform, consisting of biogas digesters and pipeline infrastructure that capture methane from dairy waste and convert it into Renewable Natural Gas. In addition, Aemetis is developing next-generation decarbonization projects such as Sustainable Aviation Fuel, Renewable Diesel, and Carbon Capture and Sequestration. Outside the United States, the group also has an India-based biodiesel operation producing biodiesel and refined glycerin for domestic and export customers. From a competitive standpoint, Aemetis sits at the intersection of renewable fuels, waste-to-energy, and industrial decarbonization. Its investment case is driven by a combination of operating assets, project development optionality, and exposure to policy support, environmental credits, and low-carbon fuel markets. For investors, this also means the stock carries meaningful execution, commodity, regulatory, and financing risk. The company is not a large-cap utility-like stable operator; it is a development-heavy renewable energy platform with significant upside if projects ramp successfully, but also elevated sensitivity to capital markets and project timing. Recent developments have centered on continued scaling of the company’s California Ethanol and Dairy Renewable Natural Gas businesses, along with a restart of biodiesel deliveries in India following operational interruptions. In 2025, Aemetis also reported receiving proceeds from the sale of federal clean energy tax credits, which is relevant to its liquidity and project funding profile. Company updates throughout 2025 emphasized ongoing investments to reduce the carbon intensity of its ethanol operations and to expand dairy digester capacity. Headquartered in the United States and listed on the NASDAQ, Aemetis is best understood as a thematic clean-energy growth story with a multi-asset platform, active project pipeline, and a material dependence on favorable policy and financing conditions.