Aemetis, Inc. (NASDAQ: AMTX), an advanced renewable fuels and renewable chemicals company, today announced its financial results for the three and six months ended June 30, 2015.
"Our US ethanol business delivered sequential improvement in profitability and revenue," stated Eric McAfee, Chairman and CEO of Aemetis. "Our India biodiesel business grew 161% sequentially through the development of a sustainable domestic customer base, which was made possible by key government policy changes earlier in the year. Continuation of this rapid customer acceptance and adoption places us on a strong path to year over year revenue growth."
"Importantly, we received an additional $2.5 million of EB-5 subordinated debt funding during the second quarter. As of July 30, 2015, escrow account holds $11.5 million of EB-5 funding and an additional $3.0 million to be received into escrow later this year. This 3% interest rate funding will redeem higher rate senior debt," said McAfee.
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