Business is booming for Canadian producer, equipment provider
Methes Energies International Ltd. released a business update on its previously announced and current business activities.
On Aug. 14, the company announced that its wholly owned subsidiary, Methes Energies Canada Inc. (Methes Canada), had closed on a $1.5 million working capital facility. Over the past several weeks, Methes Canada has made good use of the facility resulting in September being the highest production month in gallons in its history. Furthermore, Methes Canada has already secured sufficient feedstock for the months of October and November to produce biodiesel, which the company expects will allow for its fiscal fourth quarter to be best on record in production volume.
Methes Canada is also in the process of becoming a BQ‐9000-accredited producer.
On RIN quality assurance, Methes Canada says it is currently reviewing two proposals from two independent third‐party QAP providers and expects to select a firm before Nov. 15.
For equipment sales, Methes Canada is currently working with several potential clients in North America and abroad for the sales of Denami 600 and Denami 3000 biodiesel processors. Over the past several months, the company has experienced a substantial increase in interest from North American ethanol producers who extract corn oil. The company says the size of its Denami 600 and 3000 processors is ideal as a bolt‐on options for ethanol plants.
Methes Canada has also completed an internal engineering review on the project to double capacity at its Sombra, Ontario, Canada, facility from 13 MMgy to 26 MMgy. The initial report confirms that there will be no need to add two more Denami 3000s on site in light of the fact that the two Denami 3000s already installed will be able, once retrofitted, to flow at double the current capacity, resulting in substantial savings to the company. As part of the project, the company also intends to add a distillation column at the back end of the process to improve quality and efficiency.
Michel G. Laporte, chairman and CEO of Methes Energies, said, “We are pleased to provide this general business update covering several projects that are on the go. Our focus remains on making more biodiesel, improving efficiency and quality at our Sombra facility. Thanks to the working capital facility, September was our best month in production volume. The team is doing a great job and the morale is high.”
Congratulations to the Methes team! We here at Biodiesel Magazine wish you continued success in your biodiesel business endeavors.