US-headed renewable natural gas (RNG) and biofuels company Aemetis, Inc., has announced that its its Universal Biofuels subsidiary in India secured allocations of approximately US$17 million for the supply of more than 18 million liters of biodiesel to India’s three government-owned Oil Marketing Companies (OMCs) for coming three-month period.
In addition to OMC customers, Universal Biofuels is supplying private commercial customers with distilled biodiesel.
Additional OMC fuel supply orders are anticipated before the end of the calendar year 2026 to support the Government of India’s goal of increasing biodiesel blending from the current 1 percent to a target of 5 percent by 2030 under the current India National Policy on Biofuels.
Universal Biofuels and other biodiesel producers are working with the government of India to build and expand a robust biodiesel industry, stated Sanjeev Duggal, CEO of Universal Biofuels.
Major producer
The Universal Biofuels subsidiary of Aemetis is one of the largest biodiesel producers in India and has been in operation for more than 18 years.
Universal Biofuels has significantly expanded the production capacity of its Kakinada biodiesel plant to approximately 80 million (US) gallons (≈ 303 million litres) per year, including expansion of its proprietary enzymatic process to produce lower carbon-intensity biodiesel at reduced cost.
The increased cost of crude oil has resulted in multiple diesel price increases in India, which supports the India government’s biodiesel blending target of more than 1.2 billion gallons per year. Our Universal Biofuels subsidiary is a leader in producing and delivering high-quality renewable biodiesel and pharma-grade glycerin from our India plant, stated Eric McAfee, Chairman and CEO of Aemetis.
Universal Biofuels is exploring opportunities to expand to other locations throughout India, including diversification into the production of other renewable fuels such as dairy biogas, ethanol, and sustainable aviation fuel (SAF).
To support this growth, Universal Biofuels is preparing to undertake a potential Initial Public Offering (IPO) for a sale of a minority equity stake to public investors on the Indian stock exchange, subject to market conditions.
