Methes Energies Receives Third Payment of $300,000 CDN$
LAS VEGAS, NV--(Marketwired - Aug 6, 2015) - Methes Energies International Ltd. (
This third, of five-progress payments, was triggered by the fact that the Denami 600 has been fully installed at the client's facility. Over the next few weeks Methes' team, working with Drain Bros, will finalize the commissioning of the facility including the PP-MEC pre-treatment system and start making biodiesel using non-food grade corn oil. A forth progress payment of $250,000 (CDN$) will be due after receiving a positive ASTM laboratory report confirming that the biodiesel meets or exceeds the current ASTM standards.
John Loewen, COO of Methes, said, "The project is going very well and we are getting closer to commercially producing our first gallon of biodiesel using our PP-MEC pre-treatment system. We currently have many potential clients, from all over the world, waiting to come and see the PP-MEC pre-treatment system processing corn oil. This technology will make it much easier for people running not only corn oil but other types of feedstocks as well. We are confident, that once people see it work on a commercial scale, we will see several other people adding the PP-MEC pre-treatment system to their facilities."
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 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.
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Methes Energies International Ltd.
Michel G. Laporte
Chairman and CEO