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 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].