Curated News
By: NewsRamp Editorial Staff
February 13, 2025
Aemetis Provides Biodiesel Business Update in India Ahead of Prime Minister's Visit
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- Aemetis, Inc., a leading biodiesel producer in India, received $58 million for 2025 biodiesel delivery, expecting to grow and expand with IPO.
- Aemetis plans IPO for Universal Biofuels subsidiary, appointing new CEO and soon-to-be CFO with Indian IPO experience to support production expansion in India.
- Aemetis aims to reduce air pollution in India by promoting a 5% biodiesel blend, creating a market for U.S. agricultural products and helping improve health.
- India's biodiesel market growth provides opportunities for US soybean oil exports and renewable oil feedstocks, supporting Aemetis' expansion and sustainability efforts.
Impact - Why it Matters
This news highlights Aemetis' efforts to expand its biodiesel production in India to meet the country's growing demand for renewable fuels. The company's strategic move to IPO its subsidiary and secure allocations for biodiesel shipments demonstrates its commitment to sustainable energy solutions.
Summary
Aemetis, Inc., a renewable natural gas and renewable fuels company, provided an update on its biodiesel business in India ahead of Prime Minister Narendra Modi's visit to Washington D.C. The company's subsidiary, Universal Biofuels, is one of the largest biodiesel producers in India and expects to begin biodiesel shipments to government-owned oil refiners in March. Aemetis plans to lead an IPO of Universal Biofuels to fund production expansion in India.
Source Statement
This curated news summary relied on this press release disributed by NewMediaWire. Read the source press release here, Aemetis Provides Biodiesel Business Update in India Ahead of Prime Minister's Visit
