Methes Energies Starts Manufacturing Process of One Denami 600 for Aruba Client
March 10 2014 - 8:00AM
Marketwired
Methes Energies Starts Manufacturing Process of One Denami 600 for
Aruba Client
LAS VEGAS, NV--(Marketwired - Mar 10, 2014) - Methes
Energies International Ltd. (NASDAQ: MEIL), a renewable energy
company that offers an array of products and services to biodiesel
fuel producers, today announced it has received a deposit from
Antilla Energy VBA (formally known as BioFuel Aruba) to start the
manufacturing process of one Denami 600 to be delivered to
Aruba.
The Denami 600 is expected to be delivered in September 2014.
Antilla will utilize locally collected waste cooking oil to produce
biodiesel that will then be blended with diesel fuel and
distributed to clients across the island.
Nicholas Ng, President of Methes Energies, said, "We're very
excited about this project as it fits well with our business model.
I believe that this is the first of many more manufacturing orders
we will receive this year. We have been working with several
clients that are, just like Antilla, at a point where they now need
to order their Denami. It is a sometime a long process but at the
end it is very rewarding for our clients and our company."
Gregory Fung-A-Fat, Managing Director of Antilla Energy VBA,
added, "Our due diligence exercise took a bit longer than we first
anticipated, but we are finally there and ready to go. We now look
forward to receiving delivery of our first Denami with
commissioning happening in the fourth quarter of this
year. The plan is to grow our facility to about 6 million
gallons per year so we are setting up in a way that will make it
easy and cost effective to add 4 more Denami's 600's as the market
conditions allow. We're glad to be doing our part to help
Aruba reach its Green Aruba 2020 targets."
About Antilla Energy VBA
Antilla Energy VBA is a national company which is focused on the
development and implementation of island-based biodiesel projects
utilizing non-food crop biodiesel feedstocks such as used cooking
oil, and algae oil.
Founded by life-long biodiesel activist Gregory Fung-A-Fat,
Antilla Energy VBA believes that the use of sustainably-produced
biodiesel in combination with demand reduction measures such as
mass-transit and transportation alternatives and in concert with
technological advances such as diesel hybrids and light rail
systems, can create an Aruba that is both energy independent and
sustainable.
Antilla Energy VBA also believes that all used cooking oil
generated by Aruba's restaurants should be captured and processed
into biodiesel as part of this national sustainability
strategy.
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.
Forward-looking Statements
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.
Contacts: Methes Energies International Ltd. Michel G. Laporte
Chairman and CEO 702-932-9964
Methes Energies (PK) (USOTC:MEIL)
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