Aemetis Inc (NASDAQ:AMTX) declares that the firm was considered among Biofuels Digest’s 50 hottest companies in the Advanced Bioeconomy in 2017. The award rewards innovation and achievement among the biofuels area. This is determined according to votes of international selectors and Biofuel Digest’s subscribers. Aemetis managed to get this ranking due to its achievements in the bioeconomy and committing to develop the commertial implementation of new technologies that will control greenhouse gas emissions (GHG), and replacing traditional petroleum products by producing low carbon sophisticated low carbon biofuels.
Eric McAfee, the Founder, Chairman, and CEO of Aemetis, was also rewarded as one of Biofuels Digest’s Top 100 People. He was ranked number 36 worldwide this year.
Aemetis Financial Review
In 2016, performance enhanced tremendously, whether financial or operational, and that was due to elevated ethanol prices and low corn costs. This improvement allowed the company to minimize the financial losses and maximize the financial gains. During the 4th quarter, not only did Aemetis manage to repay State Bank of India (SBI) a big debt, but also received a huge free and interest waivers. Eric McAfee, Chairman and CEO of Aemetis also declared that their main purpose is to create a healthy supply of energy, as he also declared that the increased ethanol exports had a positive impact on the market.
Safe Harbor Review
Safe Harbor generally, is so optimistic about the project and looks at it as an opportunity, and is expecting so much outcome. The statement also emphasizes on the enforcement Renewable Fuel Standard on the biofuel industry. Also it’s looking at the EB-5 program as a promising opportunity and expecting it to help the company repay many debts, and decrease interest expense. This is going to be of a great impact on our environment, houses, plants, and every living and non-living object. Safe Harbor also expects ethanol market to grow tremendously as a source of clean energy. Those expectations are subject to risks and uncertainties. These factors might be weather changes, financial market changes or risk due to changes in federal policy.
