Today before the opening
bell, it was revealed that Methes Energies Canada Inc. has joined the Ontario
Biodiesel Association as a Founding Member. The Ontario Biodiesel Association
engages in promotion efforts on behalf of production and use of biodiesel in
the Province of Ontario, Canada.
Members of the Ontario
organization have made investments of over $80 million in plant and equipment
for biofuel production in the province. Aside from environmental benefits,
notably the biofuel industry exercises positive direct and indirect economic
influences on Ontario and its agricultural sector.
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 Energies Canada Inc.
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.”
In May 2013, the Ontario
Minister of Finance, the Honorable Charles Sousa, via the government’s budget,
announced and committed to a consultation process for Ontario’s biofuel policy
development. Having begun in July 2013, this process, Methes Energies Canada Inc.
notes, along with the creation of the Ontario Biodiesel Association, shows the
biofuel industry’s commitment to its industry participants’ collective
interests and concerns.
For more information, please
visit: www.methes.com
About MissionIR
MissionIR is committed to connecting the investment community with companies that have great potential and a strong dedication to building shareholder value. We know our reputation is based on the integrity of our clients and go to great lengths to ensure the companies represented adhere to sound business practices.
Sign up for “The Mission Report” at www.MissionIR.com
MissionIR is committed to connecting the investment community with companies that have great potential and a strong dedication to building shareholder value. We know our reputation is based on the integrity of our clients and go to great lengths to ensure the companies represented adhere to sound business practices.
Sign up for “The Mission Report” at www.MissionIR.com
Please see disclaimer on the MissionIR website http://www.missionir.com/disclaimer.html