Methes Energies International Ltd. (MEIL) Finalizing Arrangements for Supply of Up to 1 Million Gallons of Biodiesel to US-based Clientele

Renewable energy company Methes Energies reported that it is on the verge of establishing a strong business relationship with a large national aggregator and a downstream distributor in the United States. The company is finalizing the arrangements for the relationship, which would call for Methes Energies to provide up to 40 railcars of biodiesel per month for the rest of 2014 and beyond, or the equivalent of up to 1 million gallons of biodiesel per month.

Methes Energies has earned qualification to be an importer of biodiesel into the United States. The company has earned qualification for being able to generate renewable identification numbers in the United States as well. It now is able to sell directly to United States buyers.

Nicholas Ng, President of Methes Energies, said, “We’re very excited about the opportunity to bring our Sombra facility to full current production capacity. At current prices these new arrangements can add up to $4 million per month to our biodiesel sales. Also, the fact that we can now sell directly to U.S. buyers will make things much easier for us and enhance our ability to attract additional U.S. customers. This might get us to increase capacity in Sombra sooner rather than later.”

For more information, 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

Please see disclaimer on the MissionIR website http://www.missionir.com/disclaimer.html