Aemetis India Subsidiary Secures $24 Million Biodiesel Supply Order from Government Oil Companies

Reuters
02/03
Aemetis India Subsidiary Secures $24 Million Biodiesel Supply Order from Government Oil Companies

Aemetis Inc. announced that its Universal Biofuels subsidiary in India has secured allocations valued at approximately $24 million for the supply of more than 27 million liters of biodiesel to India's three government-owned Oil Marketing Companies (OMCs) for the period ending March 2026. The company expects additional fuel supply orders throughout the year to support the Indian government's goal of increasing biodiesel blending from 1% to 5% as outlined in the National Policy on Biofuels. Universal Biofuels has expanded the production capacity of its Kakinada plant to 80 million gallons per year and is preparing for an Initial Public Offering $(IPO)$ for a minority equity stake on the India stock exchange, subject to market conditions.

Disclaimer: This news brief was created by Public Technologies (PUBT) using generative artificial intelligence. While PUBT strives to provide accurate and timely information, this AI-generated content is for informational purposes only and should not be interpreted as financial, investment, or legal advice. Aemetis Inc. published the original content used to generate this news brief via GlobeNewswire (Ref. ID: 9647692) on February 03, 2026, and is solely responsible for the information contained therein.

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