Methes Energies Announces Affiliation With Ontario Biodiesel Association
LAS VEGAS, NV -- (Marketwired) -- 01/30/14 -- Methes Energies
International Ltd. (NASDAQ: MEIL), a renewable energy company that
offers an array of products and services to biodiesel fuel producers,
is pleased to announce that Methes Energies Canada Inc. has joined,
as a Founding Member, the Ontario Biodiesel Association (OBA) which
promotes the production and use of biodiesel in the Province of
OBA members have invested over $80 million in plant and equipment to
produce biodiesel in the province. Beside environmental benefits, the
biodiesel industry provides a direct and indirect positive economic
impact on the province and its agricultural sector. In May 2013, the
Honorable Charles Sousa, Ontario Minister of Finance, announced and
committed through the government's budget, a consultation process to
develop a Biodiesel policy in Ontario. That process began in July
2013 and the creation of the Ontario Biodiesel Association
demonstrates the industry's commitment to the collective interests
and concerns of the industry.
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 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."
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.
Methes Energies International Ltd.
Michel G. Laporte
Chairman and CEO
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