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Aemetis Wins $34mn of Biodiesel Contracts by India Oil Refiners

Aemetis, Inc. has announced that its Universal Biofuels subsidiary in India, owner and operator of a biodiesel plant located near the Port of Kakinada on India’s east coast, was selected by the three government-controlled oil marketing companies (OMC’s) to supply approximately 8,500,000 gallons of biodiesel over the next three months until June, 2023. Revenues from the shipments are expected to be approximately $34 million of the $538 million of total tender offers issued.

 

Aemetis built the 50 million gallon per year capacity biodiesel plant on the East Coast of India to convert agricultural products and by products into high quality biodiesel that can reduce air pollution while creating new agricultural and manufacturing jobs in India. The Aemetis Universal Biofuels plant delivers high quality biodiesel fuel and has built a reputation as a proven large-scale renewable fuels producer in India.

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