ENP Newswire -
Release date- 29082014 -
Methes has also established a feedstock hedging account with the Lender to protect its margins against market price fluctuations. The Lender is a subsidiary of a Fortune 500 company which trades in a number of commodities and the group has important connections in the biodiesel industry. The new credit facility replaces Methes' preexisting
Establishing an ongoing relationship with this Lender is important for the future growth of Methes since it has experience and connections in the biodiesel industry that complement and enhance our own strengths. We are very pleased that we could establish this critical new relationship. This is the first time that the Lender has provided such a facility for a Canadian biodiesel producer.'
Methes markets and sells biodiesel fuel produced at its showcase production facility in
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
Chairman and CEO
Most Popular Stories
- Rackspace Ends Talks About Possible Acquisition
- Mercedes Rolls Out S550 Plug-in Hybrid
- Missouri GM Plant Adding 750 jobs
- Poverty Rate Drops for First Time Since 2006
- Aaron Hernandez: I Felt Helpless to Refuse Police
- Cedeno Named USHCC Businessman of the Year
- Parameters Being Drawn for IS Action
- Anheuser-Busch, Visa Voice NFL Disapproval
- Can Kobach Keep Taylor's Name on Ballot?
- Two-thirds of Hispanics Doubt Media Accuracy