Aemetis’ Indian subsidiary wins first biodiesel supply contract to OMCs

In India, Aemetis Inc.’s Universal Biofuels subsidiary has won its first contract to supply biodiesel to the India government-owned Oil Marketing Companies in a public tender process. The total diesel market in India is approximately 25 billion gallons per year, of which less than 250 million gallons per year of biodiesel is currently blended. The OMCs provide about 70 percent of the fuel consumed in India, and the diesel fuel market is growing at a rate of more than 5 percent per year.

Aemetis: The Digest’s 2015 5 Minute Guide