GlobeNewswire·Feb 3, 2026, 8:00 AM ET

Aemetis India Subsidiary Begins Biodiesel Deliveries Under $24 Million Allocation from OMCs

Aemetis Inc. subsidiary Universal Biofuels in India secured $24 million in allocations to supply over 27 million liters of biodiesel to three government-owned Oil Marketing Companies (OMCs) through March 2026.
Additional fuel supply orders are anticipated throughout 2026 to support India's National Policy on Biofuels goal of raising the biodiesel blend from 1% to a targeted 5%.
Universal Biofuels has operated in India for more than 17 years and recently expanded its Kakinada plant capacity to 80 million gallons per year using a proprietary enzymatic process for lower carbon-intensity production.
The company is exploring expansion to other Indian locations and diversification into dairy biogas, ethanol, and sustainable aviation fuel.
Universal Biofuels is preparing to conduct an Initial Public Offering (IPO) on the India stock exchange to sell a minority equity stake, subject to favorable market conditions.
Aemetis operates an 80 million gallon per year biodiesel facility on India's East Coast and maintains renewable energy operations in California including biogas digestion and ethanol production.