Aemetis’ India unit starts biodiesel deliveries under about $17 million OMC allocation
AI Market Summary
Aemetis' India unit secured >18M liters of biodiesel supply allocations from state OMCs over three months, implying about $17M revenue and reinforcing India's policy-driven push to raise biodiesel blending to 5% by 2030. The announcement underscores ongoing substitution demand for biofuels when crude-driven diesel costs rise, but the order size is modest relative to global energy markets, limiting broader cross-asset impact.
Impact level
● Low
Affected assets
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▲ Bullish
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Aemetis’ India subsidiary, Universal Biofuels, has received allocations to supply more than 18 million liters of biodiesel to India’s three state-owned oil marketing companies, a deal expected to generate about $17 million in revenue. The supply awards are tied to India’s National Policy on Biofuels, which targets raising biodiesel blending from 1% to 5% by 2030. Aemetis operates an 80 million gallon-per-year distilled biodiesel and refined glycerin plant on India’s east coast.
