SOURCE: Methes Energies International Ltd.

Methes Energies International Ltd.

January 30, 2014 09:00 ET

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.

Contact Information

  • Contacts:
    Methes Energies International Ltd.
    Michel G. Laporte
    Chairman and CEO
    702-932-9964