- Category: Biodiesel
03 Sep 2009
- Published on Thursday, 03 September 2009 07:58
- Hits (1106)
The Kakinada plant in India has plans to boost production from 50 million gallons to 100 million gallons this year. Photo by AE Biofuels
Universal Biofuels Pvt. Ltd., a subsidiary of California-based AE Biofuels, Inc., said it successfully shipped biodiesel valued at US $3 million to a large European customer yesterday.
Sanjeev Gupta, chairman and managing director of Universal Biofuels, said that the shipment was their first export sales transaction for Europe.
The biodiesel came from Universal Biofuels’ facility in Kakinada, India that produces 50 million gallons of biodiesel per year. The company completed building the Kakinada plant in November of 2008 and has been producing and selling biodiesel and glycerin to a variety of customers in India and abroad. An upgrade that will boost its production up to 100 million gallons is planned this year.
A $6.9-million grant from the US Department of Energy (DOE) was also awarded to AE Biofuels and its partner Pearson Fuels yesterday, to be used for the development of an alternative fuels distribution project in California. (see AE Biofuels, Pearson Fuels to build ethanol stations out of DOE grant)
Currently, AE Biofuels has plans for three bioethanol plants in the US—two in Illinois that is expected to produce 215 million gallons annually, and one in Nebraska for 100 million gallons. This is an addition to an existing bioethanol facility in Montana.
- Oliver M. Bayani