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Woot! I see the yield sign has been removed! This is great news. Keep it going MEIL!!!
GLTA IMHO
$MEIL Methes Secures Facility to Scale-Up Production to Satisfy Demand
https://www.accesswire.com/787565/methes-secures-facility-to-scale-up-production-to-satisfy-demand
CELEBRATION, FL / ACCESSWIRE / October 2, 2023 / Methes Energies International Ltd. ("Methes" - http://www.methes.com) / (OTC PINK:MEIL) is pleased to confirm their ability to expand the production of their assortment of b2 bio-lubricants and increase their fulfillment capabilities through Tampa, Florida based Total Logistics Company.
This strategically located facility brings much needed incremental warehousing space giving the company the required square footage to efficiently procure incoming raw materials and components, begin blending, packaging and producing finished goods inventory; and, to begin fulfilling current on-line direct to consumer and customer orders, responding to DoD/DLA quote requests; and, bidding on Government Orders via SAM.GOV as well as producing in bulk quantities for international purchase orders destined to be repackaged locally.
"We are very excited to secure this much-needed space and to be working directly with Total Logistics to assist us with our warehousing, production, inventory and fulfillment needs;" said Carol Loch, Chairman and CEO. "They are the perfect partner and the ‘space' is exactly what we need to begin scaling up to meet the demand of our "go-to-market" strategies that we are beginning to execute."
News this morning! Important part of the supply chain secured.
https://finance.yahoo.com/news/methes-secures-facility-scale-production-120000145.html?.tsrc=rss
Go MEIL!
GLTA IMHO
Alright!. Like to see the movement. Seems like the company is ready to move!
GLTA IHHO
$MEIL B2 BiOil is Government Approved and Assigned NSN#’s
https://www.accesswire.com/781425/b2-bioil-is-government-approved-and-assigned-nsns
CELEBRATION, FL / ACCESSWIRE / September 7, 2023 / Methes Energies International Ltd. ("Methes" - http://www.methes.com) / (OTC PINK:MEIL) is pleased to confirm that their 5W-20 and 5W-30 biodegradable and bio-based motor oils, branded as "b2 biOil," successfully completed four (4) years of rigorous military and governmental department testing whereby securing the approval of government/military procurement and the assignment of national system numbers or NSN's, also referred to as a NATO Stock Number, which is a serial number applied to an item that is repeatedly procured, stocked, stored and issued throughout the federal supply system.
The Defense Logistics Agency (DLA)), provider of logistical, acquisition and technical support for the Army, Navy, Air Force, Marine Corps, Coast Guard, Space Force, United States Postal Service, NASA and other federal agencies and allies, in partnership with the Air Force Research Laboratory, conducted testing and validation for over four (4) years of bio-based synthetic motor oils in government vehicles at four Air Forces bases, the Department of Homeland Security installations, FLETC and other locations. Test results confirmed that b2 biOil is comparable to and better than conventional oils which could lead to a complete conversion to bio-based synthetic motor oils in the federal government's fleet of non-tactical vehicles. Pressure to convert comes in the form of Department of Defense sustainable procurement directions, Federal Acquisition Regulations; and, laws such as the Farm Security and Rural Investment Act of 2002 which stresses the need for government to procure and use bio-based products.
"We are pleased with the approval and assignment of the NSN numbers for multiple weights and sizes of our b2 biOil," Carol Loch said, Chairman and CEO of Methes Energies International Ltd. "This assignment will now allow us to bid on both governmental requests for proposals via SAM.GOV and other military procurement bases and sites."
The Department of Defense uses about 1.1 million gallons of 5W-20 and 5W-30 engine oil annually in roughly 200,000 vehicles. The entire federal government, including the military services, civilian agencies and the US Postal Service maintains a total of 630,000+ vehicles.
A little pause on the news...curious about what is going on in the background. I like the product, let's see what they can do!
Go MEIL
IMHO GLTA
$MEIL Methes Energies International Ltd. Acquires Florida-based EarthFriendly Products, Inc.
https://www.accesswire.com/740244/methes-energies-international-ltd-acquires-florida-based-earthfriendly-products-inc
LAS VEGAS, NV / ACCESSWIRE / February 22, 2023 / Methes Energies International Ltd. ("Methes" - http://www.methes.com) announced today that it has finalized the acquisition of Celebration, Florida based EarthFriendly Products Inc., the manufacturer and marketer of b2 biOil and other bio-lubricants. This acquisition will combine efforts and build upon Methes' current platform in which to launch an increased assortment of bio-renewable solutions.
"After an intensive three-year search to find a synergistic partner to continue promoting our bio-renewable solutions while bolstering shareholder value, I am pleased to announce this seamless transition with EarthFriendly Products;" said Michel G. Laporte, past Chairman and CEO of Methes. "Their branding and go-to-market strategies will help the Company further penetrate the bio-lubricant marketplace within multiple channels."
According to FORTUNE Business Insights, the bio-lubricant marketplace is to reach $4.26 billion by 2029 as government initiatives govern oil-based lubricants to stimulate market growth with a CAGR of almost 4.7%, 2022 - 2029. While this segment is less than 1.5% of the total global finished lubricant market, its growth is significantly faster than the others. Government policies and socially responsible end-users are projected to increase demand to drive the market during this period.
"We are delighted to finalize this transaction and expand our environmentally charged agenda;" said Carol Loch, President of EarthFriendly Products Inc., now appointed Chairwoman and CEO of Methes Energies International Ltd. She added; "Environmentally concerned and socially responsible consumers and customers alike should not have to sacrifice value or performance when selecting an earth friendlier product over their traditional product choices…as it is our mission to make our GREEN choices a logical choice!"
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