Universal Biofuels readies for late 2025 IPO as India biofuel expansion gathers pace.

Aemetis Inc.'s Indian unit, Universal Biofuels, is preparing for an initial public offering (IPO) in the latter half of 2025 as the firm ramps up its biodiesel output and footprint. The decision is in line with India's efforts to have cleaner energy, and Universal Biofuels has already received $31 million of biodiesel orders from government-held Oil Marketing Companies (OMCs).

 

Key Highlights:

 

✅ IPO Timeline: Universal Biofuels expects to finish its IPO in late 2025, depending on supportive stock market conditions.

✅ Biodiesel Expansion: The company increased the capacity of its Kakinada plant to 80 million gallons per annum, enabling India's 5% blending target of biodiesel.

✅ Government Support: India's biofuel policy promotes higher ethanol and biodiesel blending, minimizing petroleum imports and increasing farmers' incomes.

✅ Financial Performance: Universal Biofuels had $112 million in biodiesel and glycerine exports during the 12 months up to September 2024.

✅ Future Growth Plans: Expansion of biodiesel and diversification into biogas production are planned by the company in 2025.

 

As India's biofuel industry continues to grow at a rapid pace, Universal Biofuels' IPO is likely to generate robust investor interest, further cementing its status as a major player in renewable energy.

 

Source: GlobeNewswire, Manila Times, Investing.com