Aemetis India Subsidiary Begins Biodiesel Deliveries Under $24 Million Allocation from OMCs

Rhea-AI Summary

Aemetis (NASDAQ: AMTX) said its India subsidiary, Universal Biofuels, secured allocations of approximately $24 million to supply more than 27 million liters of biodiesel to India’s three government-owned OMCs for the period ending March 2026.

Universal Biofuels expanded the Kakinada plant to 80 million gallons/year, uses a proprietary enzymatic low‑carbon process, has operated for 17 years, and is preparing an IPO for a minority stake subject to market conditions.

Positive

• Secured allocations of approximately $24 million to supply >27 million liters of biodiesel
• Kakinada plant capacity expanded to 80 million gallons/year
• Uses a proprietary enzymatic process to produce lower carbon‑intensity biodiesel at reduced cost
• Universal Biofuels has >17 years of operational track record in India

Negative

• Allocations cover a short period ending March 2026, limiting near‑term revenue visibility
• Growth depends on India government achieving a 5% biodiesel blend, a policy target not guaranteed

News Market Reaction

+9.68%

13 alerts

+9.68% News Effect

+4.9% Peak in 7 hr 36 min

+$10M Valuation Impact

$113M Market Cap

1.4x Rel. Volume

On the day this news was published, AMTX gained 9.68%, reflecting a notable positive market reaction. Argus tracked a peak move of +4.9% during that session. Our momentum scanner triggered 13 alerts that day, indicating notable trading interest and price volatility. This price movement added approximately $10M to the company's valuation, bringing the market cap to $113M at that time.

Data tracked by StockTitan Argus on the day of publication.

Key Figures

India OMC allocation: $24 million Biodiesel volume: more than 27 million liters Biodiesel blend target: 5% +5 more

8 metrics

India OMC allocation $24 million Allocations for biodiesel supply to India’s three OMCs through March 2026

Biodiesel volume more than 27 million liters Volume to be supplied under current OMC allocations

Biodiesel blend target 5% India government’s biodiesel blending target in National Policy on Biofuels

Current biodiesel blend about 1% Current biodiesel blending level in India cited in the release

Biodiesel target volume more than 1.2 billion gallons per year Implied annual biodiesel volume at India’s 5% blending target

Kakinada capacity 80 million gallons per year Universal Biofuels biodiesel production capacity after expansion

Operating history more than 17 years Operating track record of Universal Biofuels in India

IPO stake minority equity stake Planned IPO of Universal Biofuels on India stock exchange

Market Reality Check

Price: $1.74 Vol: Volume 1,813,105 is 1.78x...

high vol

$1.74 Last Close

Volume Volume 1,813,105 is 1.78x the 20-day average of 1,015,803, indicating elevated interest ahead of this India biodiesel update. high

Technical Shares at 1.55 are trading below the 200-day MA of 2.09 and remain 57.65% under the 52-week high of 3.66.

Peers on Argus

AMTX gained 1.31% with above-average volume, while peers were mixed: FSI, FF, an...

AMTX gained 1.31% with above-average volume, while peers were mixed: FSI, FF, and ALTO rose between 2–3%, but CMT and FEAM declined. No peers appeared in the momentum scanner and no same-day peer headlines were recorded, pointing to a company-specific catalyst from the India biodiesel allocation and IPO plans.

Historical Context

5 past events · Latest: Dec 30 (Positive)

Pattern 5 events

Date	Event	Sentiment	Move	Catalyst
Dec 30	Tax credit monetization	Positive	+8.3%	Sale of federal clean energy tax credits generating about $15M net cash.
Dec 02	MVR project permits	Positive	-3.6%	Approval of air permits for MVR project projected to boost cash flow.
Nov 14	Analyst coverage update	Neutral	-1.5%	Coverage note on Q3 2025 performance and biogas growth metrics.
Nov 06	Q3 2025 earnings	Negative	-14.6%	Reported net loss of $23.7M despite India biodiesel and ethanol growth.
Oct 31	Earnings call notice	Neutral	-0.5%	Announcement of upcoming Q3 2025 results conference call and webcast.

Pattern Detected

Reactions to news have been mixed: positive tax credit news saw an uptick, while capital project and earnings updates often coincided with share price declines.

Recent Company History

Recent news for Aemetis shows a blend of project execution, capital markets activity, and India biodiesel traction. On Dec 30, 2025, the company monetized $17 million of federal tax credits with a +8.33% move. Earlier, a major MVR efficiency project and Q3 2025 earnings highlighted sizable revenue ($59.2 million) but ongoing net losses and high debt, with several of those updates followed by negative price reactions. Today’s India biodiesel allocation and IPO plans extend that India-focused growth narrative.

Market Pulse Summary

The stock moved +9.7% in the session following this news. A strong positive reaction aligns with the...

Analysis

The stock moved +9.7% in the session following this news. A strong positive reaction aligns with the clearly incremental nature of the India biodiesel allocation and IPO plans. The company cited roughly $24 million in OMC allocations and capacity of 80 million gallons per year, extending prior India biodiesel commentary. Past news has shown both rallies and selloffs around capital and earnings updates, so position size, project execution, and financing structure around the India subsidiary’s IPO would have remained key watchpoints.

Key Terms

biodiesel, renewable natural gas, initial public offering (ipo), sustainable aviation fuel

4 terms

biodiesel technical

"allocations of approximately $24 million for the supply of more than 27 million liters of biodiesel"

Biodiesel is a renewable liquid fuel made from plant oils, animal fats, or recycled cooking oil that can be used in place of or blended with petroleum diesel in vehicles and equipment. Investors watch biodiesel because its production costs, feedstock availability, government incentives, and environmental rules affect energy prices, company earnings and risk profiles—similar to how a shift from regular to premium fuel can change operating costs and demand patterns.

renewable natural gas technical

"Aemetis, Inc. (NASDAQ: AMTX), a diversified renewable natural gas and biofuels company"

Renewable natural gas is methane captured from organic waste—like landfills, farms, or wastewater—and cleaned to the same quality as conventional pipeline gas so it can be used for heating, electricity, or vehicle fuel. Investors care because it turns waste into a revenue-generating commodity, can qualify for carbon credits or government incentives, and can reduce a company's emissions profile, affecting long-term costs, regulatory risk, and market demand much like converting trash into sellable fuel.

initial public offering (ipo) financial

"preparing to undertake an Initial Public Offering (IPO) for a sale of a minority equity stake"

An initial public offering (IPO) is the process by which a private company sells its shares to the public for the first time, allowing anyone to buy a piece of the company. It matters to investors because it provides an opportunity to invest early in a company's growth, potentially earning profits if the company becomes successful. Essentially, an IPO turns a private business into a publicly traded one, opening it up to a wider pool of investors.

sustainable aviation fuel technical

"diversification into the production of other renewable fuels such as dairy biogas, ethanol, and sustainable aviation fuel"

Sustainable aviation fuel is a low‑carbon replacement for conventional jet fuel made from renewable sources (like plant residues, waste oils, or captured carbon) but refined to meet the same safety and performance rules as regular jet fuel. Investors care because SAF can lower airlines’ carbon footprints and exposure to tightening regulations, create new supply and cost dynamics in the fuel market, and drive long‑term demand shifts — like using cleaner fuel in the same airplane.

AI-generated analysis. Not financial advice.

CUPERTINO, Calif., Feb. 03, 2026 (GLOBE NEWSWIRE) -- Aemetis, Inc. (NASDAQ: AMTX), a diversified renewable natural gas and biofuels company, announced that its Universal Biofuels subsidiary in India secured allocations of approximately $24 million for the supply of more than 27 million liters of biodiesel to India’s three government-owned Oil Marketing Companies (OMCs) for the period ending March 2026.

Additional OMC fuel supply orders are expected throughout the year to support the India government’s goal of increasing from a 1% biodiesel blend to a targeted 5%, as stated in the current India National Policy on Biofuels.

“Universal Biofuels and other biodiesel producers look forward to continuous support from the government of India to build and expand a healthy biodiesel industry,” stated Sanjeev Duggal, CEO of Universal Biofuels.

“In the past five years, India rapidly grew from about a 1% blend to a 20% blend of ethanol into gasoline. The India government’s 5% biodiesel blending target of more than 1.2 billion gallons per year requires rapid expansion of biodiesel blending from the current levels of less about 1% biodiesel blending,” stated Eric McAfee, Chairman and CEO of Aemetis. “Our Universal Biofuels subsidiary has a long and successful track record of producing and delivering high-quality renewable fuels and pharma-grade glycerin from our India plant.”

The Universal Biofuels subsidiary of Aemetis is one of the largest biodiesel producers in India and has been in operation for more than 17 years. Universal Biofuels has significantly expanded the production capacity of its Kakinada biodiesel plant to 80 million gallons per year, including expansion of its proprietary enzymatic process to produce lower carbon-intensity biodiesel at reduced cost. 

Universal Biofuels is exploring opportunities to expand to other locations throughout India, including diversification into the production of other renewable fuels such as dairy biogas, ethanol, and sustainable aviation fuel. To support this growth, Universal Biofuels is preparing to undertake an Initial Public Offering (IPO) for a sale of a minority equity stake to public investors on the India stock exchange, subject to continued favorable market conditions.

About Aemetis

Headquartered in Cupertino, California, Aemetis is a diversified renewable natural gas and biofuels company focused on the development and operation of innovative technologies that lower energy costs and reduce emissions. Founded in 2006, Aemetis is operating and expanding a California biogas digester network and pipeline system to convert dairy waste gas into Renewable Natural Gas. Aemetis owns and operates a 65 million gallon per year ethanol production facility in California’s Central Valley near Modesto that supplies about 80 dairies with animal feed. Aemetis owns and operates an 80 million gallon per year production facility on the East Coast of India producing high quality biodiesel and refined glycerin. To utilize the byproducts from ethanol production, Aemetis is developing a sustainable aviation fuel plant and a CO2 sequestration project in California. For additional information about Aemetis, please visit www.aemetis.com. 

Company Investor Relations
Media Contact:
Todd Waltz
(408) 213-0940
investors@aemetis.com

External Investor Relations
Contact:
Kirin Smith
PCG Advisory Group
(646) 863-6519
ksmith@pcgadvisory.com

Safe Harbor Statement

This news release contains forward-looking statements, including statements regarding assumptions, projections, expectations, targets, intentions or beliefs about future events or other statements that are not historical facts. Forward-looking statements include, without limitation, projections of financial results; the ability of Universal Biofuels to undertake an IPO; our ability to promote, develop, finance, and construct facilities to produce biodiesel, renewable fuels, and biochemicals; and statements about future market prices and results of government actions. Words or phrases such as “anticipates,” “may,” “will,” “should,” “believes,” “estimates,” “expects,” “intends,” “plans,” “predicts,” “projects,” “showing signs,” “targets,” “view,” “will likely result,” “will continue” or similar expressions are intended to identify forward-looking statements. These forward-looking statements are based on current assumptions and predictions and are subject to numerous risks and uncertainties. Actual results or events could differ materially from those set forth or implied by such forward-looking statements and related assumptions due to certain factors, including, without limitation, competition in the ethanol, biodiesel and other industries in which we operate, commodity market risks including those that may result from current weather conditions, financial market risks, customer adoption, counter-party risks, risks associated with changes to federal policy or regulation, and other risks detailed in our reports filed with the Securities and Exchange Commission, including our Annual Reports on Form 10-K, and in our other filings with the SEC. We are not obligated, and do not intend, to update any of these forward-looking statements at any time unless an update is required by applicable securities laws.

FAQ

What did Aemetis (AMTX) announce on February 3, 2026 about biodiesel allocations?

Aemetis announced allocations of about $24 million to supply over 27 million liters of biodiesel through March 2026. According to the company, the deliveries are to India’s three government OMCs to support blending targets.

How large is Universal Biofuels' Kakinada biodiesel plant capacity stated by AMTX?

Universal Biofuels expanded Kakinada to 80 million gallons per year, the company said. This expansion supports larger commercial supply and production of lower carbon‑intensity biodiesel using enzymatic processing.

Will the AMTX India allocations support India’s 5% biodiesel blending target?

The allocations provide short‑term supply support but are insufficient to meet the full 5% target alone. According to the company, additional OMC orders are expected throughout the year to help reach policy goals.

What technology does Universal Biofuels use to lower biodiesel carbon intensity for AMTX?

Universal Biofuels uses a proprietary enzymatic process to produce lower carbon‑intensity biodiesel at reduced cost. According to the company, this process also produces pharma‑grade glycerin as a co‑product.

Is Universal Biofuels pursuing an IPO and how might that affect AMTX plans?

Universal Biofuels is preparing an IPO for a minority equity sale on an India exchange, subject to market conditions. According to the company, the IPO aims to support growth but remains contingent on favorable markets.