Download The Findit App

Share Your Posts On These Major Social Networks

Instatag Your Posts to Instagram Facebook + Twitter

News

MissionIR News - Methes Energies International (MEIL) Affiliation with Ontario Biodiesel Association Highlighted in Sarnia Observer Article

Atlanta 3/7/2014 4:00:00 AM

MissionIR would like to highlight Methes Energies (NASDAQ: MEIL). The company uses its own proprietary technology to produce high-quality biodiesel processors and systems to capitalize on the growing demand for renewable energy, surging energy prices, and the value of biodiesel as a practical and realistic long-term replacement for conventional diesel fuel. The company’s processors are flexible and can use a variety of virgin vegetable oils, used vegetable oil and rendered animal fat feedstock, allowing operators to take advantage of feedstock buying opportunities. Methes Energies also markets and sells high-quality biodiesel fuel produced at its 1.3 MGY (5 MLY) showcase production facility in Mississauga, Ontario, and at it’s 13 MGY (50 MLY) facility in Sombra, Ontario, to customers in the U.S. and Canada.

In the company’s news,

Methes Energies subsidiary, Methes Energies Canada, Inc., was mentioned by Paul Morden, a writer for the Sarnia Observer. On February 2, Mr. Morden wrote of the formation of Ontario Biodiesel Association, a provincial organization dedicated to the promotion of production and use of biofuel in Ontario, Canada. In the article, Mr. Morden made note of Methes Energies International’s subsidiary, Methes Energies Canada Inc., joining the organization as a founding member. It was noted that the association had been formed on the heels of key Ontario decision-makers considering the merits of a mandate for “at least 2% of [Ontario’s] diesel com[ing] from renewable sources.”

Mr. Michel Laporte, CEO of Methes Energies International, made note of nationwide promotional efforts by the Canadian Renewable Fuels Association on behalf of alternative and renewal fuels. He mentioned the value of Ontario Biodiesel Association building on top of those efforts, strengthening provincially-based public discourse and awareness of the benefits of biodiesel fuel usage.

Laporte also said that the association had been making progress in its talks with key provincial government officials. At the time of the article, association representatives and provincial government officials had already engaged in several discussions, and a meeting in Toronto had been scheduled very close to the article’s publish date. The discussions had arisen from the government of Ontario’s declared intention to consult with the biodiesel industry on mandated biodiesel use in the province. Previously, in November 2013, Mr. Morden noted, “the government [had] posted a proposed regulation to the Environment Registry that would set a minimum mandate of 2% bio-diesel beginning this spring, and growing to 4% in 2016.”

Methes Energies International bills itself as “an innovative, best-in-class company providing a suite of biodiesel solutions targeted at large- and small-scale biodiesel producers, as well as entrepreneurs seeking the independence of producing their own fuel.” In the article, Mr. Morden mentions Methes Energies International’s operation of facilities in Sombra and Mississauga, where it currently has the capacities to produce 55 million liters of biodiesel on a yearly basis. The company also has a customer base in the United States, where “there is a strong mandate requiring [biodiesel’s] use.” In 2013, “the U.S. mandate required use of 1.3 billion gallons of biodiesel, and the industry produced about 1.9 billion gallons.”

Having assurance from the Environment Ministry that the industry’s input would be considered before any further steps were taken, Laporte noted that the mandate could create a market opportunity in Ontario for Methes Energies International and other area biodiesel refiners. The advantage of their immediate accessibility would be ideal for large fuel companies looking to cut down on logistics-related and transport-related costs. “’This is our backyard, and we’re much closer to where the demand’s going to be,” Laporte said.

A mandate requiring 2% usage would largely be in the confines of Methes Energies International and other biodiesel refiners’ capacity for meeting demand. But a mandate for 4% would create bigger market opportunities for the companies, encouraging further operations expansion at biodiesel facilities and greater industry involvement.

Laporte commented the value of such a development, opining that “[w]e do believe there is a bright future.”

Mr. Morden’s article can be found at: http://www.theobserver.ca/2014/02/07/provincial-association-forms-to-promote-renewable-fuel

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.

To sign up for The MissionIR Report, please visit http://MissionIR.com

To connect with MissionIR via Facebook, please visit http://Facebook.com/MissionIR

To connect with MissionIR via Twitter, please visit http://Twitter.com/MissionIR

Please read FULL disclaimer on the MissionIR website: http://Disclaimer.MissionIR.com

Forward-Looking Statement:

This release may contain forward-looking statements within the meaning of Section 27A of the Securities Act of 1933, as amended, and Section 21E of the Securities Exchange Act of 1934, as amended. All forward-looking statements are inherently uncertain as they are based on current expectations and assumptions concerning future events or future performance of the company. Readers are cautioned not to place undue reliance on these forward-looking statements, which are only predictions and speak only as of the date hereof. Risks and uncertainties applicable to the company and its business could cause the company's actual results to differ materially from those indicated in any forward-looking statements.

More News

MissionIR News - International Stem Cell Corporation (ISCO) has a Place in the SAGE Encyclopedia of Stem Cell Research


Released On: 4/8/2016
Views: 3784

MissionIR News - eXp Realty International Corporation (EXPI) Attains Exclusive Rights to VirBELA Platform within Real Estate Industry


Released On: 4/7/2016
Views: 4530

MissionIR News - Moxian (MOXC): Social Media is a Necessity for Small Businesses Too


Released On: 3/31/2016
Views: 3502

MissionIR News - OurPet’s Company (OPCO) Reaches Favorable Settlement in Patent Infringement Case


Released On: 3/24/2016
Views: 2866

MissionIR News - Content Checked Holdings (CNCK) Reminds Us That You Are What You Eat


Released On: 3/17/2016
Views: 2414

MissionIR News - Oakridge Global Energy Solutions, Inc. (OGES) Promises Your Machine Will Start Every Time with its Lithium-Ion Battery


Released On: 3/11/2016
Views: 2236

MissionIR News - International Stem Cell Corp. (ISCO): Benefits of Stem Cells Outlined in Israel/California Collaboration


Released On: 3/4/2016
Views: 2556

MissionIR News - OurPet’s Company (OPCO) Adapting to a Constantly Changing Pet Products Industry with Innovation


Released On: 3/3/2016
Views: 2256

MissionIR News - Avoid Getting Poisoned with the Help of a Personal Food Taster from Content Checked Holdings (CNCK)


Released On: 2/23/2016
Views: 3603

MissionIR News - Oakridge Global Energy Solutions, Inc. (OGES) Ushering in a New Era in Battery Manufacturing


Released On: 2/12/2016
Views: 2588

MissionIR News - International Stem Cell Corp. (ISCO) Eyes Growth through Partnerships to Develop Therapeutic and Biomedical Products Worldwide


Released On: 2/10/2016
Views: 2306

MissionIR News - Torchlight Energy Resources, Inc. (TRCH) Moving Forward with Planning of Next Phase of Drilling on Orogrande Project


Released On: 2/9/2016
Views: 2457

MissionIR News - Content Checked Holdings, Inc. (CNCK) Updates Investors through Release of CEO’s Letter to Shareholders


Released On: 1/20/2016
Views: 4248

MissionIR News - International Stem Cell Corporation (ISCO) – Florey Clinical Service Agreement Expected to Deliver Results Later this Year


Released On: 1/14/2016
Views: 4711

MissionIR News - Moxian (MOXC) Announces Launch of New Subsidiary in Beijing


Released On: 1/5/2016
Views: 2960

MissionIR News - Elephant Talk Communications (ETAK) Initiates Restructuring of Global Business Operations with Executive and Board Appointments


Released On: 12/18/2015
Views: 9269

MissionIR News - International Stem Cell Corp. (ISCO) Has a Broad Pipeline of Targets


Released On: 12/9/2015
Views: 2712

MissionIR News - Oakridge Global Energy Solutions (OGES) is Flying High in the Drone Market


Released On: 12/3/2015
Views: 3153

Load More wait