Shares of Aemetis, Inc. (AMTX) gained nearly 30% on Thursday morning after the company announced that it was approved by U.S. Citizenship and Immigration Services (USCIS) for $200 million of EB-5 investment.
AMTX is currently trading at $4.7200, up $1.0700 or 29.3151%, on the Nasdaq. The stock opened its trading at $4.3400 after closing Wednesday at $3.6500. The stock has traded between $1.1600 and $8.9900 in the past 52-week period.
Aemetis is a renewable natural gas and renewable fuels company focused on low and negative carbon-intensity products. USCIS approved $200 million of EB-5 program investment for the Riverbank sustainable aviation fuel (SAF) production plant, the dairy renewable natural gas (RNG) project, the carbon sequestration project, and energy efficiency upgrades to the Keyes ethanol plant.
The Riverbank plant was recently granted Authority to Construct (ATC) air permits and is designed to produce 78 million gallons per year of SAF for the aviation market. Aemetis has already secured more than $3 billion of contracts to supply airlines with SAF.
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