Aemetis India unit Universal Biofuels wins $17 million biodiesel allocation from state OMCs
AMTX•IPO preparation
Universal is preparing for a potential India stock exchange IPO to sell a minority stake, subject to market conditions.
Biodiesel allocation from state OMCs
Aemetis India unit Universal Biofuels won allocations to supply 18 million liters of biodiesel to India’s three state-owned OMCs.
Deliveries span a three-month period and are expected to generate about $17 million in revenue.
Plant capacity and process expansion
The Kakinada plant capacity has been expanded to about 80 million gallons per year, supported by a proprietary enzymatic process to lower carbon intensity.
