Canadian Biomass Magazine

Features Biodiesel Biofuels
Methes Energy exports record shipment

November 6, 2013, Sombra, Ont. - Methes Energies International Ltd. announced that 18 rail cars were shipped out of its Sombra, Ontario biodiesel facility in October 2013 for a total of over 485,000 gallons. This is the highest monthly level of shipment this year achieved by the Company and surpasses the previous monthly high of eight rail cars in April 2013.


November 6, 2013
By Marketwired

Topics

November 6, 2013, Sombra, Ont. – Methes Energies
International Ltd. announced that 18 rail cars were shipped out of its Sombra,
Ontario biodiesel facility in October 2013 for a total of over 485,000 gallons.
This is the highest monthly level of shipment this year achieved by the Company
and surpasses the previous monthly high of eight rail cars in April 2013.

The increase in production and sales are due mainly to the
availability of a working capital facility that was set up several weeks ago.
Methes Energies has begun discussion with the current lender to increase the
facility to allow producing even more biodiesel. At the current run-rate, the
Company is well on track to produce as much biodiesel in the fourth quarter,
ending November 30th 2013 than the entire 2012 fiscal year.

Nicholas Ng, president of Methes Energies said, "We
hope to continue the current growth rate for the foreseeable future as we
continue to have record months in production. Our goal is to leverage on this
momentum and produce even more biodiesel in November. We enjoy a great working
relationship with our financial partner and as they continue to see our
success, we are confident that they will assist us in maintaining our growth
rate."

 

Advertisment

Print this page

Related



Leave a Reply

Your email address will not be published. Required fields are marked *

*