Methes Energies has devised
a unique model for capturing growth in the biodiesel field, combining fully
automated biodiesel processing hardware that has a small footprint/form factor
and can handle a wide range of feedstocks to produce high-quality B100 fuel
grades (100% biodiesel), with low-cost, in-house production of fuel using their
own hardware. Unit sales of production hardware, to a market seeing increasing
numbers of entrants, as well as new facilities each year, continues to drive
the business forward and the company’s reputation gets better with each unit
sold.
The company’s two primary
hardware offerings to aspiring biodiesel producers are the Denami 600 (1.3M
gallons per year) and the Denami 3000 (6.5M gal./year) models, which are
capable of producing ASTM quality biodiesel (American Society for Testing and
Materials). The company’s engineering team is so proficient they can pump out a
new unit in just 16-20 weeks and the modularity of these units naturally lends
itself to either new operations or operational expansion. Moreover, MEIL
provides the kind of robust engineering support that can take customers from
plant design and management determinations, through to any additional equipment
or troubleshooting required, giving customers the ability to develop a
facility-tailored solution that is right for their operational and expansion
goals. The Denami series and associated support provided by MEIL is perfect for
all types of customers. Small entities like an individual, corporation or
municipality (many of whom already use a considerable amount of biodiesel) that
want a “pipe to pipe” solution covering processing capability, lab equipment,
and an environmental checklist, as well as the installation, personnel
training, and long-term maintenance, are well-served by MEIL. Larger entities,
who are seeking a production line and/or turn-key solution, will also find MEIL
to be the ideal partner.
The company even offers
full-spectrum business management software to handle all aspects typical among
producers, from audit-friendly feedstock and biodiesel product tracking, to
BQ-9000® standards compliance under NABE guidelines via BQ9000 LIMS (Laboratory
Information Management System). Producers can do everything from logging
maintenance and calibration done on their equipment, to handling sales and
invoicing with this software platform, making the BQ-9000 producer and marketer
validation process a snap. The platform is even fully integrated with
accounting and can be accessed from any device, at anytime, day or night.
Methes itself was pleased to
announce recently (May 22) that they have received the coveted BQ-9000 Producer
and Marketer status from the NBAC (National Biodiesel Accreditation
Commission), comfortably meeting the accreditation requirements set forth by
this fusion of ASTM standards and ASTM D6751 (specs for B100 to be blended with
middle distillates like kerosene or diesel), as well as a thorough quality
control battery that spans distribution, fuel management practices, sampling
and sample retention, in addition to shipping, storage, and testing. Given the
relatively low number of NBAC-approved operations which are simultaneously
accredited as both a producer and marketer, this was a big win for MEIL,
reinforcing their prominence in the sector and signaling to customers and
investors alike that the company’s automated, continuous flow, state-of-the-art
biodiesel processors are a force to be reckoned with.
It is no surprise that
biodiesel has really come into its own in recent years, what with mounting
demand for energy throughout the developed and developing world, combined with
increasing competition for fossil fuels. The drive to develop the
infrastructure for a more sustainable, stable supply of fuel like biodiesel is
accelerating and the US military in particular continues to be a leading force
within this component vector, having an impressive biofuels program that cuts
across all branches. The U.S. Navy’s plan to put an entire biofuel fleet in the
water in 2016, called the Great Green Fleet (complete with destroyers,
helicopters, jets and other ships), is a perfect example of how the U.S.
military is a driving force in the sector and the DOD has set a 2016 capacity
target of 150M gallons, creating an abundance of capital flow that is largely earmarked
for producers to construct biofuel refineries.
The company recently closed
(May 27) a public offering of common stock and plans to use the proceeds
primarily to expand production capacity of high-grade, low-cost B100 at their
main plant up in Sombra, Ontario. While other renewable energy forms have shown
great potential, the economics and adaptability/flexibility of biodiesel, which
can be generated from a wide range of feedstocks using the proper hardware
(including non-food sources), presents a tremendous opportunity, especially
when you consider that all the infrastructure is already essentially in place
for transportation and the like. MEIL has the production angle down pat with
the hardware and software, as well as R&D and support services needed to
continue growing rapidly. Investors can expect to hear big things from the
company as more and more producers pile into the market looking for top of the
line production hardware like the company’s Denami series.
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