Core Insights - Aemetis, Inc. announced that its Universal Biofuels subsidiary in India has secured approximately $24 million for the supply of over 27 million liters of biodiesel to three government-owned Oil Marketing Companies (OMCs) until March 2026 [1][2] Group 1: Company Overview - Aemetis is a diversified renewable natural gas and biofuels company headquartered in Cupertino, California, focusing on innovative technologies to lower energy costs and reduce emissions [5] - The Universal Biofuels subsidiary has been operational for over 17 years and is one of the largest biodiesel producers in India, with a production capacity of 80 million gallons per year [3][6] - The company is also involved in the production of high-quality biodiesel and refined glycerin at its East Coast facility in India [6] Group 2: Industry Context - The Indian government aims to increase biodiesel blending from 1% to a targeted 5%, which requires significant expansion of biodiesel production [2] - Universal Biofuels has a successful track record in producing renewable fuels and is exploring opportunities to diversify into other renewable fuels such as dairy biogas, ethanol, and sustainable aviation fuel [4] - The company is preparing for an Initial Public Offering (IPO) to sell a minority equity stake to public investors on the Indian stock exchange, contingent on favorable market conditions [4]

Core Insights - Aemetis, Inc. is actively collaborating with the U.S. government to enhance its operations in India, particularly through its subsidiary Universal Biofuels, which operates an 80 million gallon per year biodiesel production facility in Kakinada, Andhra Pradesh [2][3][4] Company Overview - Aemetis is a diversified global renewable natural gas and biofuels company, headquartered in Cupertino, California, focusing on innovative technologies for energy independence and security [7][8] - Universal Biofuels has been operational for over 17 years and is one of the largest biodiesel producers in India, recently increasing its production capacity from 60 million gallons to 80 million gallons [5][6] Industry Context - India aims to increase the biodiesel blend from 1% to 5% as part of its National Policy on Biofuels, which aligns with Aemetis' expansion plans [3][4] - The Indian government is committed to enhancing biofuels production to improve air quality and market agricultural products, addressing significant public health issues caused by diesel engine emissions [4][3] Financial and Operational Highlights - Universal Biofuels completed $112 million in biodiesel and glycerin shipments in the twelve months ending September 2024, with ongoing contracts with government-owned oil marketing companies [6] - The company is preparing for an IPO in India, targeting completion in late 2025 or early 2026, contingent on favorable market conditions [5]

Core Viewpoint - Aemetis, Inc. announced significant biodiesel orders from its subsidiary Universal Biofuels in India, totaling $31 million for over 33,000 kiloliters to be delivered in the upcoming months, supporting India's biodiesel blending goals [1][2][3]. Company Developments - Universal Biofuels received multiple orders for biodiesel deliveries to three government-owned Oil Marketing Companies (OMCs) during May, June, and July, contributing to India's target of increasing biodiesel blend from 1% to 5% [1][2]. - The production capacity of the Kakinada biodiesel plant has been expanded to 80 million gallons per year, enhancing the company's ability to produce biodiesel from waste and byproducts at a lower carbon intensity and cost [4][5]. - Universal Biofuels has completed $112 million in biodiesel and glycerine shipments in the twelve months ending September 2024, with new shipments expected to begin in early May under the next round of contracts [6]. Industry Context - India has achieved a 20% ethanol blend in gasoline and has set a new target of 30%, which is expected to drive further growth in ethanol production and increase revenues for farmers while reducing petroleum imports [3]. - The government of India is expected to continue supporting biodiesel producers to address climate issues and promote a healthy biodiesel industry [2][3]. Future Plans - Universal Biofuels plans to diversify into biogas production and is preparing for an IPO in India, anticipated to be completed in late 2025, contingent on favorable market conditions [5].