LAS VEGAS, NV -- (Marketwire) -- 12/06/12 -- Methes Energies International Ltd. (NASDAQ: MEIL), a renewable energy company that offers an array of products and services to biodiesel fuel producers, announces that its wholly-owned subsidiary, Methes Energies Canada Inc., has received the New Producer of the Year award from The Canadian Renewable Fuels Association (CRFA).
The award was presented to Methes Energies by Mr. Tim Haig, Chairman of the Board of the CRFA, at the 9th Annual Canadian Renewable Fuels Summit. This year's event was held December 3-5 in Ottawa, Ontario and attracted over 200 professionals from across North America -- bringing together individuals from Canada's leading petroleum, ethanol and biodiesel companies, trade suppliers, government officials and members of the finance and investment industries.
Recently commissioned, Methes Energies' new Sombra, Ontario facility has a capacity of 13 Million gallons per year (50 MLY). The facility operates with Methes' own technology, the Denami 3000 which can produce biodiesel from a wide variety of feedstock.
"These awards celebrate the hard work and dedication of those working in our Canadian renewable fuels industry," said CRFA President W. Scott Thurlow. "As a new producer of biodiesel in Canada, Methes is helping provide Canadians with the best fuel choices for their transportation needs. After all, the transportation sector accounts for almost a quarter of Greenhouse gas emissions. Any strategy to address emissions in Canada needs to speak to vehicle emissions -- and biodiesel producers like Methes certainly have a vital role to play."
Vince Megaro, Marketing Director at Methes Energies Canada Inc., said, "We are pleased and appreciate the recognition. We are proud of our new facility. This award from the CRFA is welcomed and going out to our team members on the ground in Sombra. They have done a great job."
About CRFA: Founded in 1984, the Canadian Renewable Fuels Association works to promote and advance the use of renewable fuels for transportation -- to protect our environment by reducing harmful emissions and to grow our economy by creating the good, green-energy jobs of the future.
CRFA members and supporting organizations provide Canadians with renewable, clean-burning Ethanol and Biodiesel -- fuels that help fight climate change and combat pollution and smog. At the same time, they are working to develop the next generation of Biofuels, which will provide even greater environmental and economic benefits.
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 recently commissioned 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 Registration Statement on Form S-1, filed June 22, 2012, 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
Nasdaq quotes delayed at least 15 minutes, all others at least 20 minutes.
Markets are closed on certain holidays. Stock Market Holiday List
By accessing this page, you agree to the following
Press Release Service provided by PRConnect.
Stock quotes supplied by Telekurs USA
Postage Rates Bots go here