LAS VEGAS, NV--(Marketwired - Sep 5, 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 it has attained the Quality Assurance Plan (QAP-B) Renewable Identification Numbers (RINs) assurance status. As previously disclosed via press release on June 3rd, 2014, Methes retained Genscape Inc. as its QAP provider for RINs verification. Over the last 3 months Methes has been working with Genscape which audited and validated Methes' production and generation of RINs process to make sure that it meets all U.S. Environmental Protection Agency (EPA) requirements.
Methes' QAP-B assurance status, with a first assured production date of July 1st, 2014, is available for review and tracking via Genscape's Biofuels Dashboard for Biodiesel QAP Services on Genscape's website. This is the latest third party verification process that Methes has successfully achieved following its recent accreditation as a BQ-9000 Producer and Marketer by the National Biodiesel Accreditation Commission (NBAC).
Nicholas Ng, President of Methes, said, "We are very proud of this latest achievement. Over the last few months we've achieved several milestones that are making us standout of the crowd. We now have everything in place to show how committed we are to the long term success of our company for the benefit of our clients, partners, employees and shareholders."
For more information about Genscape Inc., visit www.genscape.com
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, 2013, filed on February 25, 2014, 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.