The company's management took this step in connection with the decision of the Indian government changed the rules for the implementation of biodiesel in the domestic market.
In October 2014 the Government of India has ceased to pay fuel subsidies, the total volume of which amounted to about 11 billion US dollars, to producers and in January 2015 were taken the next steps towards the development of national biofuel industry. In particular, biodiesel producers were able to sell their products directly to consumers, bypassing one of the three national fuel companies.
According to Eric MakAffi, chairman of Aemetis, these measures are the Indian market for biodiesel producers, the total production capacity of about 95 decaliters of fuel per year. Overall, the annual sales volume of diesel fuel in India reaches 950 hectoliters, well above the level of implementation of gasoline is 190 hectoliters per year.
Today Aemetis company is a leader of biodiesel production in India and it is able to offer local consumers about 190 million liters of fuel per year. Provided full load of the plant, located on the east coast of the country, is able to bring a profit of 180 million US dollars annually.
Recently, the company has expanded the range of customers of products, among which the main ones are the Indian railways, bus and truck fleet and diesel generator power.
The company is a resident of the United States with headquarters in Kupertino, California. The main activities are the implementation and commercialization of innovative technologies that can replace traditional fuels. These developments take place in their own scientific - research center, located near the Modesto, California.
