LAS VEGAS, NV--(Marketwired - Mar 10, 2014) - Methes Energies International Ltd. (NASDAQ: MEIL), a renewable energy company that offers an array of products and services to biodiesel fuel producers, today announced it has received a deposit from Antilla Energy VBA (formally known as BioFuel Aruba) to start the manufacturing process of one Denami 600 to be delivered to Aruba.
The Denami 600 is expected to be delivered in September 2014. Antilla will utilize locally collected waste cooking oil to produce biodiesel that will then be blended with diesel fuel and distributed to clients across the island.
Nicholas Ng, President of Methes Energies, said, "We're very excited about this project as it fits well with our business model. I believe that this is the first of many more manufacturing orders we will receive this year. We have been working with several clients that are, just like Antilla, at a point where they now need to order their Denami. It is a sometime a long process but at the end it is very rewarding for our clients and our company."
Gregory Fung-A-Fat, Managing Director of Antilla Energy VBA, added, "Our due diligence exercise took a bit longer than we first anticipated, but we are finally there and ready to go. We now look forward to receiving delivery of our first Denami with commissioning happening in the fourth quarter of this year. The plan is to grow our facility to about 6 million gallons per year so we are setting up in a way that will make it easy and cost effective to add 4 more Denami's 600's as the market conditions allow. We're glad to be doing our part to help Aruba reach its Green Aruba 2020 targets."
About Antilla Energy VBA
Antilla Energy VBA is a national company which is focused on the development and implementation of island-based biodiesel projects utilizing non-food crop biodiesel feedstocks such as used cooking oil, and algae oil.
Founded by life-long biodiesel activist Gregory Fung-A-Fat, Antilla Energy VBA believes that the use of sustainably-produced biodiesel in combination with demand reduction measures such as mass-transit and transportation alternatives and in concert with technological advances such as diesel hybrids and light rail systems, can create an Aruba that is both energy independent and sustainable.
Antilla Energy VBA also believes that all used cooking oil generated by Aruba's restaurants should be captured and processed into biodiesel as part of this national sustainability strategy.
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.