Aemetis Inc, a leading renewable natural gas (RNG) and renewable fuels company focused on producing low and negative carbon intensity fuels, announced a significant 55% increase in its monthly RNG production for March as compared to February. This substantial growth was driven by favorable warmer weather conditions that enhance microbial activity within the anaerobic dairy digesters.

The company also reported the successful completion of sales for Low Carbon Fuel Standard (LCFS) credits and D3 Renewable Identification Numbers (RINs) towards the end of the first quarter of 2025. The LCFS credits were generated from the utilization of RNG as a transportation fuel in the fourth quarter of 2024 and were officially recorded under the California Air Resource Board (CARB) reporting process at the close of Q1. The D3 RINs were generated from the production and dispensing of RNG during February 2025.

Eric McAfee, chairman and CEO of Aemetis, elaborated on the company’s expansion efforts, noting, “We are in the final stages of constructing digesters that will process waste from four additional dairies. These are expected to become operational in the coming months, providing an opportunity for another round of investment tax credit sales and further bolstering our RNG production and associated revenues.”

McAfee further highlighted the advantages of their biogas operations, stating, “Aemetis Biogas leverages animal waste feedstock to produce domestic energy, a sector insulated from the volatility of import/export tariffs. The remarkable 55% increase in monthly RNG production in March underscores the effectiveness of our 2025 production plan. This surge directly translates to proportionally higher revenues from LCFS and D3 RINs, as well as the valuable Section 45Z sellable tax credits.”

Aemetis Biogas is also nearing a significant milestone in its regulatory approvals. The company is in the final phase of securing Low Carbon Fuel Standard (LCFS) pathway approvals from the California Air Resources Board (CARB) for seven of its dairy digesters. These approvals are anticipated before the end of the second quarter and are projected to generate approximately $6 million in additional annual revenue from LCFS credits at current market prices.

Looking ahead, Aemetis stands to benefit significantly from pending regulatory changes in California. CARB is currently finalizing its November 2024 LCFS amendments, which are expected to increase the mandated demand for LCFS credits.

Aemetis Biogas is actively expanding its infrastructure to capitalize on the growing demand for RNG. The company is diligently building digesters and biogas pipelines to capture methane from 50 dairies that have already signed agreements to supply the Central Dairy Digester Project located near Modesto, California. Upon completion, this ambitious project is projected to generate an impressive 1.65 million MMBtu of dairy RNG annually.