Universal Biofuels begins biodiesel deliveries in India under $17 million allocation from OMCs
- Aemetis Inc.
- 1 day ago
- 2 min read
Aemetis Inc. announced Aug. 4 that the company’s subsidiary in India, Universal Biofuels, secured allocations to supply more than 18 million liters (4.8 million gallons) of biodiesel to India’s three government-owned oil-marketing companies (OMCs) during a three-month period, which is expected to generate approximately $17 million in revenue.
In addition to OMC customers, Universal is supplying private commercial customers with distilled biodiesel.
Additional OMC fuel-supply orders are anticipated before the end of calendar-year 2026 to support the India government’s goal of increasing biodiesel blending from 1 percent currently to a target of 5 percent by 2030 under the current India National Policy on Biofuels.
“Universal Biofuels and other biodiesel producers are working with the government of India to build and expand a robust biodiesel industry,” stated Sanjeev Duggal, CEO of Universal Biofuels.
Eric McAfee, the chairman and CEO of Aemetis, added, “The increased cost of crude oil has resulted in multiple diesel price increases in India, which supports the India government’s biodiesel-blending target of more than 1.2 billion gallons per year. Our Universal Biofuels subsidiary is a leader in producing and delivering high-quality renewable biodiesel and pharma-grade glycerin from our India plant.”
The Universal Biofuels subsidiary of Aemetis is one of the largest biodiesel producers in India and has been in operation for more than 18 years.
Universal Biofuels has significantly expanded the production capacity of its Kakinada biodiesel plant to approximately 80 million gallons per year, including expansion of its proprietary enzymatic process to produce lower carbon-intensity biodiesel at reduced cost.
Universal Biofuels is exploring opportunities to expand to other locations throughout India, including diversification into the production of other renewable fuels such as dairy biogas, ethanol and sustainable aviation fuel (SAF).
To support this growth, Universal Biofuels is preparing to undertake a potential initial public offering (IPO) for a sale of a minority equity stake to public investors on the India stock exchange, subject to market conditions.
