Methes Energies International, a renewable energy company that has developed a variety of products and services to biodiesel fuel producers, today issued an update for its biodiesel production for the fourth quarter ended November 30, 2013.
October and November production targets for the current calendar year were met, with November marking the highest month of gallons of biodiesel produced in the company's history. Totals for the month of November topped September and October by more than 60,000 gallons for each month.
Production of biodiesel at Methes' Sombra, Ontario, facility for the months of September, October, and November 2013 was higher than the total amount of biodiesel produced in all of its fiscal year 2012. As anticipated, the company's fourth quarter saw the highest quantity of gallons produced in any previous quarter in the company's history.
As a result of these production figures, Methes said it expects to achieve record fourth-quarter revenues high than any previous quarter.
"We are pleased with our fourth-quarter production numbers and are working on doing even better in 2014," Methes President Nicholas Ng said in the news release. "We are also busy with several projects that are already drawing considerable interest and which we expect will make a big difference next year, including the possible consummation of the OTC technology acquisition for which we have entered into a letter of intent."
The company's final numbers will be audited over the next several weeks as it prepares to file its Annual Report on form 10-K for its fiscal year ended November 30, 2013.
For more information visit methes.com
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