In California, Aemetis announced that the company’s Universal Biofuels subsidiary has completed an expansion of its India biodiesel plant annual production capacity to 60 million gallons more than one year ahead of schedule.
The Aemetis’ Five Year Plan describes an increase from 50 million gallons per year to 100 MGY of biodiesel production capacity at the India plant to be completed by year 2025. Additional capital projects to increase the production capacity at the Kakinada, India biodiesel plant to 80 MGY are in process for completion in the first half of 2024, also ahead of schedule, the company said.
“The market for biodiesel in India continues to expand as oil marketing companies increase the number of blending locations and the percentage of biofuel blended into diesel,” said Sanjeev Gupta, President of Aemetis International. “The Kakinada plant has expanded production by completing upgrades to de-bottleneck the plant, and the next phase will add additional process equipment to increase capacity. When production capacity reaches 100 million gallons per year, the India business will be able to generate more than $500 million per year of revenues,” Gupta added.
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