Universal Biofuels awarded large supply contract in Indian mining sector
US-headed advanced biofuels producer and technology developer Aemetis, Inc., has announced that its Universal Biofuels India subsidiary has been awarded a "large ongoing" supply contract for distilled biodiesel by an undisclosed multi-site mining company for use in dump trucks and other heavy diesel equipment at mines in Southern and Central India.
According to a statement, shipments have already begun to the mining customer under the supply agreement and will be expanded to additional mines as on-site biodiesel storage is installed.
Mining trucks and other large equipment at mines is estimated to require more than 25 million (US) gallons (≈ 95.6 million litres) per annum of biodiesel, equal to 50 percent of the capacity of the India plant, as the mining supply agreement is expanded and other mining companies adopt biodiesel.
According to Aemetis, distilled biodiesel is a lower cost fuel than diesel, emits 90 percent lower particulate matter (PM) emissions and significantly reduces carbon emissions.
With the recent completion of our India plant pretreatment unit and expansion to 50 million gallons of capacity per year from low cost, high free fatty acid feedstock, the Aemetis team in India is executing on a rapid increase in production and revenues this year by continuing to expand domestic markets, which now include mining customers. As the only US company producing biofuels in India, Aemetis’ India team continues to expand its market reach by winning new customers in innovative domestic markets, remarked Eric McAfee, Chairman, and CEO of Aemetis.