Methes Energies Announces Affiliation With Ontario Biodiesel Association
30 Gennaio 2014 - 3:00PM
Marketwired
Methes Energies Announces Affiliation With Ontario Biodiesel
Association
LAS VEGAS, NV--(Marketwired - Jan 30, 2014) - Methes Energies
International Ltd. (NASDAQ: MEIL), a renewable energy company that
offers an array of products and services to biodiesel fuel
producers, is pleased to announce that Methes Energies Canada Inc.
has joined, as a Founding Member, the Ontario Biodiesel Association
(OBA) which promotes the production and use of biodiesel in the
Province of Ontario, Canada.
OBA members have invested over $80 million in plant and
equipment to produce biodiesel in the province. Beside
environmental benefits, the biodiesel industry provides a direct
and indirect positive economic impact on the province and its
agricultural sector. In May 2013, the Honorable Charles Sousa,
Ontario Minister of Finance, announced and committed through the
government's budget, a consultation process to develop a Biodiesel
policy in Ontario. That process began in July 2013 and the creation
of the Ontario Biodiesel Association demonstrates the industry's
commitment to the collective interests and concerns of the
industry.
Paul Grenier, Executive Director for the Ontario Biodiesel
Association said, "OBA's strength is the unity of biodiesel
producers, supporting Provincial policy development, to improve
Ontario's air quality by promoting increased use of Biodiesel. The
OBA is working with the Ontario government, feedstock suppliers and
other key stakeholders to the industry to reach this
goal."
Methes President Nicholas Ng said, "We are proud to be a
founding member of the OBA and look forward to work together with
other producers in the province. The timing of a mandate in Ontario
could not be better and we are hoping for an early implementation
as early as April 2014. Other provinces in Canada have strong
mandates already in place including production incentives for
biodiesel producers. Ontario is moving in the right direction and
we are excited to be part of the process in helping the government
drafting policies that will have a positive impact for all
stakeholders."
About Methes Energies International Ltd.
Methes Energies International Ltd. is a renewable energy company
that offers a variety of products and services to biodiesel fuel
producers. Methes also offers biodiesel processors that are unique,
truly compact, fully automated state-of-the-art and continuous flow
that can run on a wide variety of feedstocks. Methes markets and
sells biodiesel fuel produced at its showcase production facility
in Mississauga, Ontario, Canada and at its 13 MGY facility in
Sombra, Ontario, to customers in the U.S. and Canada, as well as
providing multiple biodiesel fuel solutions to its
clientele. Among its services are selling commodities to its
network of biodiesel producers, selling their biodiesel production
and providing clients with proprietary software to operate and
control their processors. Methes also remotely monitors the
quality and characteristics of its clients' production, upgrades
and repairs their processors and advises clients on adjusting their
processes to use varying feedstock to improve the quality of their
biodiesel. For more information, please visit www.methes.com.
This press release contains forward-looking statements
regarding future events and financial performance. In some cases,
you can identify these statements by words such as "may," "might,"
"will," "should," "except," "plan," "intend," "anticipate,"
"believe," "estimate," "predict," "potential," or "continue," the
negative of these terms and other comparable terminology. These
statements involve a number of risks and uncertainties and are
based on numerous assumptions involving judgments with respect to
future economic, competitive and market conditions and future
business decisions, all of which are difficult or impossible to
predict accurately and many of which are beyond the Company's
control. There are or may be important factors that could cause our
actual results to materially differ from our historical results or
from any future results expressed or implied by such forward
looking statements. These factors include, but are not limited to,
those discussed under the section entitled "Risk Factors" in our
Annual Report on Form 10-K for the year ended November 30,
2012, filed on February 25, 2013, as amended, which is available at
the U.S. Securities and Exchange Commission website at
www.sec.gov. The forward-looking statements in this
press release are based upon management's reasonable belief as of
the date hereof. The Company undertakes no obligation to revise or
update publicly any forward-looking statements for any
reason.
Contacts: Methes Energies International Ltd. Michel G. Laporte
Chairman and CEO 702-932-9964
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