STOCK TITAN

METHES ENERGIES LTD - MEIL STOCK NEWS

Welcome to our dedicated page for METHES ENERGIES news (Ticker: MEIL), a resource for investors and traders seeking the latest updates and insights on METHES ENERGIES stock.

Methes Energies International Ltd. is a renewable energy company specializing in offering innovative biodiesel products and services. They provide unique and fully automated biodiesel processors that operate on various feedstocks, along with selling biodiesel fuel produced at their facilities in Canada. Methes also offers biodiesel fuel solutions to clients, sells feedstock to biodiesel producers, and provides proprietary software for processor operation. They monitor client production remotely, offer upgrades and repairs for processors, and provide guidance on operational adjustments.

Rhea-AI Summary

Methes Energies International (MEIL) has launched a new line of biodegradable hydraulic fluids under the brand b2 biOil. The product line includes AW-32, AW-46, and AW-68 variants, made with domestically sourced base stocks. These high oleic hydraulic fluids feature advanced additive technology and naturally bio-derived renewable compounds, offering oxidation and corrosion protection, extreme-pressure/anti-wear properties, and excellent demulsibility and foam performance. The products exceed USDA BioPreferred requirements with more than double the minimum bio-based content requirement of 44%, making them particularly suitable for marine applications.

Rhea-AI Impact
Rhea-AI Sentiment
End-of-Day
4.58%
Tags
none
-
Rhea-AI Summary

Methes Energies International (OTC PINK:MEIL) has appointed Bruce Marley to its Board of Directors and as Chief Commercial Officer. Marley brings over 30 years of experience in lubricants, base oils, and chemicals, having held executive roles at BP/Castrol, Anderol, Chemtura, Biosynthetic Technologies, and Chemtool/Lubrizol. CEO Carol Loch emphasized that Marley's industry knowledge will help develop the company's strategic roadmap in environmentally friendly lubricants. Marley expressed enthusiasm about joining Methes, citing his previous collaboration with Carol and Jeffrey Loch on G-OIL® and their shared commitment to environmental protection.

Rhea-AI Impact
Rhea-AI Sentiment
End-of-Day
19.79%
Tags
management
-
Rhea-AI Summary

Methes Energies International (OTC PINK:MEIL) has announced the appointment of Chief Kenneth Lukins, US Coast Guard (Retired), to its Board of Directors. Lukins, currently Managing Director of Lukins International and Vice Chairman of the Climate Change Forum, brings over 20 years of experience in oil and hazardous material response, maritime security, and environmental operations.

CEO Carol Loch expressed excitement about Lukins' addition, citing his expertise in strategic market penetration of environmentally accepted lubricants (EALs). Lukins' background includes developing the Oil Spill Removal Operation (OSRO) Verification program for the US Coast Guard and responding to significant incidents like the Exxon Valdez oil spill.

Lukins stated his enthusiasm for joining the b2 biOil™ team, praising their innovative biodegradable products made with sustainable renewable and recyclable base oils. He aims to contribute his maritime experience as the company expands into marine engine oils and other maritime bio-lubricants.

Rhea-AI Impact
Rhea-AI Sentiment
End-of-Day
5.41%
Tags
management
Rhea-AI Summary

Methes Energies International (OTC PINK:MEIL) has announced that its b2 biOil™ biodegradable/bio-based passenger car motor oils are now available in returnable/reusable 32oz pouches. The oils, made with renewable and twice-refined base stocks, will be offered in weights 0W-20, 5W-20, and 5W-30, shipping in 5 and 6 pack quart quantities.

CEO Carol Loch emphasized the environmental benefits of this packaging, addressing the issue of improper motor oil disposal. The new packaging uses up to 80% less total carbon footprint compared to glass or plastic. It ships flat, goes out filled, and can be returned empty for reuse or proper disposal, potentially reducing costs for consumers.

This initiative aims to tackle the problem of oil pollution in US waterways and the approximately 37.5 million gallons of petroleum oil dumped into landfills annually from discarded motor oil bottles.

Rhea-AI Impact
Rhea-AI Sentiment
End-of-Day
-21.43%
Tags
none
-
Rhea-AI Summary

Methes (OTC PINK:MEIL) has introduced a new biodegradable bar & chain oil branded as b2 biOil for use with all chainsaws. This product, made with 90-95% domestically sourced bio-based stocks, aims to minimize environmental damage caused by storm restoration efforts, such as those following Hurricanes Helene and Milton. The oil offers excellent flow characteristics and lubricity even in low temperatures, ensuring high performance while being harmless to humans and the environment. Methes estimates that over 20 million gallons of bar & chain oils are lost annually, and switching to a biodegradable option can significantly reduce environmental pollution.

Rhea-AI Impact
Rhea-AI Sentiment
End-of-Day
-0.24%
Tags
none
-
Rhea-AI Summary

Methes (OTC PINK:MEIL) has announced the finalization of its new assortment of environmentally acceptable bio-lubricants. These products are now formulated with both renewable (bio-based) and re-refined base stocks, meeting and exceeding industry standards. Methes' CEO, Carol Loch, emphasized that the increased use of renewable and re-refined materials supports the company's commitment to sustainability. The new products include passenger car motor oils (0W-20, 5W-20, 5W-30), high oleic hydraulic fluids (AW-32, AW-46, AW-68), and various gear oils, including ISO 220. Distribution is expected to begin in the fourth quarter of 2024, with all products meeting the biodegradability requirements of being 'readily biodegradable' (≥ 60% by OECD 301A-F/ASTM D7373 testing).

Rhea-AI Impact
Rhea-AI Sentiment
End-of-Day
32%
Tags
none
Rhea-AI Summary

Methes Energies (MEIL) has initiated the certification process for its b2 biOil marine lubricants through the National Marine Manufacturers Association (NMMA).

These certifications include TC-W3® for 2-stroke marine engines and FC-W® and FC-W Catalyst Compatible® for 4-stroke water-cooled gasoline engines. NMMA certification is important for improving the quality of marine products globally.

Methes' bio-lubricants meet stringent environmental standards set by the US EPA, including biodegradability, aquatic toxicity, and bioaccumulation. The company's lubricants are designed to biodegrade rapidly and completely in aquatic environments.

This initiative aligns with regulations from the Vessel General Permit, which mandates the use of Environmentally Acceptable Lubricants (EALs) to minimize oil pollution in waterways.

CEO Carol Loch emphasized the importance of offering eco-friendly lubricants to protect water quality.

Rhea-AI Impact
Rhea-AI Sentiment
End-of-Day
-- %
Tags
none
-
Rhea-AI Summary

Methes Energies (OTC PINK: MEIL) has announced the reformulation of its bio-lubricants to meet new industry fluid specifications. The company is increasing the use of renewable and re-refined base stocks to expand its eco-friendly footprint. CEO Carol Loch stated that the new product formulation allows bio-based lubricants to biodegrade almost completely within 28 days. The updated assortment will include various motor oils, high oleic hydraulic fluids, and gear oils, with distribution targeted for mid-summer 2024. These products meet the biodegradability standards of ≥ 60% by OECD 301A-F/ASTM D7373 testing, making them environmentally preferable.

Rhea-AI Impact
Rhea-AI Sentiment
End-of-Day
27.8%
Tags
none
-
Rhea-AI Summary
Methes Energies International Ltd. (OTC PINK:MEIL) announces full OTC marketplace compliance and successful fulfillment of recent military purchase orders for their bio-based biodegradable lubricants.
Rhea-AI Impact
Rhea-AI Sentiment
End-of-Day
-0.22%
Tags
none
Rhea-AI Summary
Methes Energies International Ltd. announces the results of a lifecycle assessment comparing bio-based and conventional lubricants. The assessment shows that bio-based lubricants have a 29-67% lower carbon footprint than conventional alternatives. Replacing just 1% of conventional motor oil consumption in the USA with bio-based lubricants would save around 137 million pounds of carbon dioxide a year.
Rhea-AI Impact
Rhea-AI Sentiment
End-of-Day
-- %
Tags
none

FAQ

What is the current stock price of METHES ENERGIES (MEIL)?

The current stock price of METHES ENERGIES (MEIL) is $0.039 as of October 15, 2024.

What is the market cap of METHES ENERGIES (MEIL)?

The market cap of METHES ENERGIES (MEIL) is approximately 4.0M.

What does Methes Energies International Ltd. specialize in?

Methes is a renewable energy company that offers innovative biodiesel products and services.

What kind of biodiesel processors does Methes provide?

Methes offers unique, compact, fully automated biodiesel processors that can run on a variety of feedstocks.

Where does Methes sell biodiesel fuel?

Methes markets and sells biodiesel fuel produced at their facilities in Canada to customers in the U.S. and Canada.

What services does Methes provide to clients?

Methes sells feedstock to biodiesel producers, offers biodiesel fuel solutions, provides proprietary software for processor operation, remotely monitors client production, and provides upgrades and repairs for processors.

What sets Methes Energies International Ltd. apart in the renewable energy sector?

Methes stands out for its cutting-edge biodiesel processors, biodiesel fuel solutions, and comprehensive services tailored to clients' needs.

METHES ENERGIES LTD

OTC:MEIL

MEIL Rankings

MEIL Stock Data

4.04M
0.36%
Shell Companies
Financial Services
Link
United States of America
Las Vegas