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Aemetis India Subsidiary Begins Biodiesel Deliveries Under $17 Million Allocation from OMCs

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  • Aemetis subsidiary Universal Biofuels secured allocations to supply over 18 million liters of biodiesel to India's three government-owned Oil Marketing Companies (OMCs).
  • The three-month supply period is expected to generate approximately $17 million in revenue for Universal Biofuels.
  • Universal Biofuels also supplies distilled biodiesel to private commercial customers in India.
  • Additional OMC fuel orders are anticipated before the end of 2026 to support India's goal of increasing biodiesel blending to 5% by 2030 under the National Policy on Biofuels.
  • Universal Biofuels operates the Kakinada plant with expanded production capacity of approximately 80 million gallons per year.
  • The company utilizes a proprietary enzymatic process to produce lower carbon-intensity biodiesel at reduced costs.
  • Universal Biofuels is exploring expansion into other Indian locations with plans to diversify into dairy biogas, ethanol, and sustainable aviation fuel.
  • Universal Biofuels is preparing for a potential Initial Public Offering (IPO) of a minority equity stake on the India stock exchange, subject to market conditions.
  • Aemetis operates an 80 million gallon per year biodiesel facility on India's East Coast producing distilled biodiesel and refined glycerin.