In India, the Kakinada biodiesel plant owned and operated by Aemetis’ subsidiary Universal Biofuels Private Limited (UBPL) was contacted by local officials in mid-December 2024 regarding complaints by local residents of odors in the industrial area where the plant is located. Aemetis had produced about two months of biodiesel inventory and voluntarily agreed to halt production to investigate odors. However, after ceasing operations for one month, odors in the area persisted, likely related to edible oil fractionation facilities in the same area. On January 19, 2025, an official notice was received by UBPL requesting that the plant cease production until a review is completed, despite having already done so a month earlier. A resolution of the official order is being arranged with local officials. As the plant has two months of biodiesel product available for delivery to customers, the temporary cessation of production is not expected to impact the revenues under the current OMC allocation.
