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English Español India: Aemetis sets production record delivering biodiesel

Aemetis India Plant sets production record by delivering 20 million liters of biodiesel in 2019 to state-owned oil companies.

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Author: PetrolPlaza Correspondent Pablo Plaza

Aemetis, Inc. announced that its Universal Biofuels India subsidiary set a new production record by delivering more than 20 million liters of biodiesel to the three India government-owned Oil Marketing Companies under a supply contract issued to Aemetis in early 2019. The OMC contract provides for ongoing deliveries of biodiesel to a variety of blending locations in an aggregate amount of more than $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 gallons per year with 80% from imported supplies, into which less than 250 million gallons per year of biodiesel is currently blended. The 2018 India National Biofuels Policy stated a plan to increase Biodiesel blending to 5% of the diesel market, equal to more than 1.2 billion gallons per year. The OMC’s in India supply about 70% of the fuel consumed in India, and the diesel fuel market has been growing at a rate of more than 5% 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,” stated Eric McAfee, Chairman and CEO of Aemetis.

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