LAS VEGAS, NV -- (Marketwired) -- 05/13/13 -- 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 signed a Purchase and Cooperation Agreement with BioFuel Aruba of Oranjestad, Aruba, to initially purchase one Denami 600 biodiesel processor.
The agreement was signed during The "Europe Meets the Americas" business conference in Aruba on May 8, 2013. Methes Energies Canada Inc. was a sponsor of the conference which brought together 743 delegates from 203 companies from Europe, Latin America and the Caribbean region. www.eumeetsamericas.com
As the first and only biodiesel producer in Aruba, BioFuel Aruba was planning to expand its biodiesel production capacity by as early as third quarter 2013. BioFuel Aruba also entered into pilot project agreements with the Aruba Airports Authority and the public transit company Arubus BV to implement a biodiesel blend into their fleets. Methes Energies and BioFuel Aruba will also be working with the Government of Aruba to develop a biofuels mandate to be incorporated into their national energy policy.
Mr. Abe Dyck, a cofounder and shareholder of Methes Energies, was in Aruba for the ceremonial signing of the agreement. "I believe the signing of this agreement accomplishes the objective Aruba has of becoming a Green Gateway for companies wanting to deploy their technologies in the region. I see this as the start of a great relationship. I have enjoyed working with Gregory and the staff at Arina (Aruba Investment Agency) and look forward to commissioning the first Denami 600 later this year," said Mr. Dyck.
"We can't wait for our first Denami 600 to be delivered. With two pilot projects soon to start with Arubus and the Airport, we are looking forward to a greater demand for biodiesel. Methes' technology is a great fit and will allow us to add more Denamis as the demand increases even more here in Aruba and in the surrounding islands," said BioFuel Aruba President, Gregory Fung-A-Fat.
John Loewen, VP, Operations of Methes Energies, said, "I want to thank and congratulate Gregory and Abe for the progress they've made in moving this project along and turning it into a local success story. We expect to start building their Denami in the next few weeks and deliver as quickly as possible."
About BioFuel Aruba
BioFuel Aruba 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, BioFuel Aruba 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.
BioFuel Aruba 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.
For more information, please visit www.biofuelaua.com
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 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
Most Popular Stories
- Bently Creates Alabama Small Business Commission
- Bolivar Appointed to NSHMBA National Board
- When to Say No to Investors, Yes to Mentors
- SBA Kicks off Hispanic Heritage Month
- Rosneft Growth Slowed by Western Sanctions
- Duke Energy, Strata Partner on Big Solar Project
- Ukraine Offers Temporary Autonomy to Rebel-held Areas
- Thousands Risk Losing Health Care Aid
- Lindsay Lohan Claims She Handled Whitney Houston's Body Bag
- Cat Stevens Touring U.S., First Since 1970s