Photo: Aemetis Inc.
May 25, 2017
BY Aemetis Inc.
Aemetis Inc. announced that its Universal Biofuels subsidiary in India has signed a three-year biofuels supply agreement with BP Singapore Pte Ltd. (BPS), the regional trading arm of BP Plc, which has an expanding biofuels portfolio.
“The agreement sets forth the logistics, pricing and other terms of the supply to BPS of low carbon biodiesel,” stated Eric McAfee, Chairman and CEO of Aemetis. “We expect production to commence this quarter and shipments to foreign markets to begin in the third quarter of 2017.”
Paul Lantero, chief operating officer for BP in Singapore, said, “The agreement with Universal Biofuels gives us access to low carbon biofuels, which is aligned with our strategy in transitioning to a lower carbon future. This deal bolsters our biofuels presence in Asia and other regions.”
Advertisement
Advertisement
The Aemetis plant in Kakinada, Andhra Pradesh, has a capacity of 50 MMgy and is the first and only India biofuels producer approved under California’s low carbon fuel standard for delivery of tallow and waste oil biodiesel. In April, Aemetis filed a patent on process technology developed at the plant in Kakinada, India, for the conversion of a wide range of waste feedstocks into biodiesel.
Advertisement
Advertisement
The European Commission on July 18 announced its investigation into biodiesel imports from China is now complete and did not confirm the existence of fraud. The commission will take action, however, to address some systemic weaknesses it identified.
Kintetsu World Express Inc. has signed an additional agreement with Hong Kong, China-based Cathay Pacific Airways for the use of sustainable aviation fuel (SAF). The agreement expands a three-year partnership between the two companies.
Broco Energy on July 17 announced a new partnership with the Massachusetts Port Authority (Massport) to deliver and transition Massport's fuel tanks to renewable diesel across its various facilities.
Shell Aviation, Accenture, and Amex GBT on July 10 announced Avelia is in the process of evolving to an industry solution with independent data hosting and a multi-supplier model helping users access the GHG benefits of SAF.
The U.S EPA on July 17 released data showing more than 1.9 billion RINs were generated under the RFS during June, down 11% when compared to the same month of last year. Total RIN generation for the first half of 2025 reached 11.17 billion.