Aemetis launches India Biodiesel Manufacturers Association
April 29, 2015
BY Aemetis Inc.
Aemetis Inc. announced that Sanjeev Gupta, President of Aemetis International and Chairman of the Universal Biofuels subsidiary of Aemetis, has been appointed the Chairman and President of the newly formed Biodiesel Manufacturers Association (BEMA) in India.
The BEMA group was launched as an eight-member association with a focus on expanding the biodiesel market in India, decreasing air pollution and reducing India's dependence on foreign oil. The organization will serve to further the interests of biodiesel manufacturers by removing regulatory hurdles while educating India corporate and retail consumers about the environmental and cost benefits of biodiesel.
“With the deregulation of the diesel market in India and ending of diesel subsidies last October, India is a new frontier for Aemetis to grow in a large 25 billion gallon diesel market,” Gupta said. “With the recent approval of direct sales to bulk customers, we have launched direct delivery of biodiesel to customers and are moving rapidly to expand production at our 50 MMgy capacity East Coast plant in Kakinada to supply the domestic India market.”
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“Sanjeev's chairmanship of the newly formed organization for biodiesel producers in India recognizes the leadership position held by our Universal Biofuels subsidiary in one of the fastest growing biofuels markets in the world,” said Eric McAfee, chairman and CEO of Aemetis. “Biodiesel is now a less expensive fuel than diesel in India, with the removal of the large diesel subsidy that had blocked sales of biodiesel in India until recently. The formation of BEMA is an important milestone expanding the biodiesel market in India to replace diesel with a healthier and lower cost alternative.”
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