Universal Biofuels sets biodiesel production record
Universal Biofuels India, a subsidiary of US-headed advanced renewable fuels and biochemicals company Aemetis Inc. has announced a new production record by delivering more than 20 million liters of biodiesel to the three India government-owned Oil Marketing Companies (OMC) under a supply contract issued to Aemetis in early 2019.
According to a statement, the OMC contract provides for ongoing deliveries of biodiesel to a variety of blending locations in an aggregate amount of more than US$23 million during 2019 for total shipments of 31 million liters. Biodiesel shipments to OMC’s began in May 2019 and are scheduled to continue into Q4 2019.
The total diesel market in India is approximately 25 billion (US) gallons (≈ 94.6 billion litres) per year with 80 percent from imported supplies, into which less than 250 million gallons (≈ 946 million litres) per year of biodiesel is currently blended.
The 2018 India National Biofuels Policy stated a plan to increase biodiesel blending to 5 percent of the diesel market, equal to more than 1.2 billion gallons (≈ 4.5 billion litres) per year. The OMC’s in India supply about 70 percent of the fuel consumed in India, and the diesel fuel market has been growing at a rate of more than 5 percent per year.
Our feedstock pretreatment unit allows the Aemetis India plant to utilize lower cost, high free fatty acid feedstock, and the Aemetis team in India has achieved a significant increase in production and revenues this year by broadening our customers to include government, logistics, mining, retail fuel stations, and other sectors.As the only US company producing biofuels in India, Aemetis built and has now fully upgraded our India biodiesel and refined glycerin plant to produce high quality distilled and non-distilled biodiesel from low cost feedstocks as a leader in this rapidly expanding market, stated Eric McAfee, Chairman and CEO of Aemetis.