Aemetis India unit Universal Biofuels wins $17 million biodiesel allocation from state OMCs
Reuters2026/08/04 11:53- 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; expected to generate about USD 17 million in revenue.
- Kakinada plant capacity expanded to about 80 million gallons per year, supported by a proprietary enzymatic process to lower carbon intensity.
- Universal is preparing for a potential India stock exchange IPO to sell a minority stake, subject to market conditions.
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