Universal Biofuels scores $20M+cost OMC contracts for biodiesel

July 13, 2023 |

In India, Aemetis’ Universal Biofuels subsidiary in India has been awarded an initial $20 million of cost-plus contracts for delivery to government-owned oil companies during the third quarter.  Additional cost-plus contracts with OMCs are in process for delivery during the third quarter.

An initial 18,000 kiloliters of biodiesel of cost-plus biodiesel contracts for delivery during Q3 2023 have been awarded to Aemetis. Universal Biofuels completed approximately $34 million of second quarter shipments that were sold under cost-plus contracts with government-owned oil companies, though Q2 quarterly revenues will not reflect about $1.8 million of shipments in transit at the end of the quarter.

Category: Fuels

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