Aemetis rises on $7 billion of supply contracts

Aemetis

07/09/2022 16:46

** Shares of renewable fuels company Aemetis Inc  AMTX.O 
climb 2.8% to $8.55
    ** AMTX says $7 bln of sustainable aviation fuel (SAF) and
renewable diesel (RD) supply deals have been signed with 10
airlines for a total of 916 mln gallons of blended SAF
    ** AMTX says airline supply agreements provide for the
delivery of SAF over a seven-to-ten year time period
    ** Airline customers include Delta Air Lines  DAL.N , Jet
Blue Airlines and oneworld Alliance members American Airlines
 AAL.O , Alaska Airlines, British Airways, Cathay Pacific
 0293.HK  , Finnair  FIA1S.HE , Iberia, Japan Airlines and
Qantas  QAN.AX 
    ** The sustainable aviation fuel and renewable diesel will
be produced at the Aemetis production plant currently under
development in Riverbank, California
    ** AMTX down ~31% so far this year

 (Reporting by Arunima Kumar in Bengaluru)
 ((Arunima.Kumar@thomsonreuters.com; Twitter: https://twitter.com/Aru_Kumar94))