Aemetis, Inc. (OTCQB: AMTX), an advanced fuels and renewable chemicals
company, announced today that its 50 million gallon per year capacity
biodiesel and refined glycerin production facility in Kakinada, India
has been upgraded to produce high-quality distilled biodiesel. The
Aemetis plant was built in 2008 using advanced technology to produce
biodiesel and refined glycerin using large volumes of lower-cost,
non-food by-products from the edible oil industry as feedstock to supply
the biofuel, pharmaceutical, and industrial markets.
“The new distillation production unit is fully commissioned and the
India facility now produces biodiesel meeting or exceeding the highest
standards for biodiesel quality worldwide,” according to Sanjeev Gupta,
Managing Director of Aemetis’ subsidiary in India, Universal Biofuels
Private Ltd.
The Aemetis plant is the only distilled biodiesel producer in India and
is one of the only plants in Asia capable of producing large supplies of
biodiesel that meet the rigorous European Union (ISCC) standards. During
2013, approximately $20 million of biodiesel was produced by the Aemetis
plant in India and delivered to customers in Europe.
“The completion of this biodiesel distillation unit allows Aemetis to
significantly expand our production levels in order to supply European
and India biodiesel customers,” stated Eric McAfee, Chairman and CEO of
Aemetis. “Recently, the European Union adopted five-year, anti-dumping
tariffs against Argentina and Indonesia due to large subsidies provided
to their local producers. Since an anti-dumping tariff already exists
against US biodiesel imports, European fuel customers are now focused on
Malaysia and India as the remaining low-cost biodiesel suppliers to
Europe. Using lower-cost by-products from the edible oils industry, the
Aemetis biodiesel plant in India now has among the lowest cost and
highest quality of any biodiesel produced.”
About Aemetis
Headquartered in Cupertino, California, Aemetis is an advanced fuels and
renewable chemicals company that was founded in 2006. Aemetis owns and
operates a 60 million gallon ethanol and 420,000 ton animal feed plant
in California that is the first upgraded facility approved by the EPA to
produce D5 Advanced Biofuels using the milo/biogas/CHP pathway. Aemetis
also built, owns and operates a 50 million gallon capacity renewable
chemicals and advanced fuels production facility on the East Coast of
India producing high quality, distilled biodiesel and refined glycerin
for customers in Europe and Asia. Aemetis operates a research and
development laboratory at the Maryland Biotech Center, and holds five
granted patents on its Z-microbe and related technology for the
production of renewable fuels and biochemicals. For additional
information about Aemetis, please visit www.aemetis.com.
Forward Looking Statements
The information contained herein includes forward-looking statements
related to future events. Statements regarding future events are based
on current expectations and are necessarily subject to associated risks
related to, among other things, the ability of the company to adequately
protect our technologies, the availability of resources used for
industrial production, and the risk of unforeseen governmental
regulatory changes.. Actual results may differ materially from those in
the projections or other forward-looking statements made herein. For
information regarding other related risks, please see the "Risk Factors"
section of the company’s filings with the SEC.
Copyright Business Wire 2014