April 9, 2013, 8:40 a.m. EDT Methes Energies Production Facility Showcased on ‘How It’s Made’ Biodiesel Segment
Apr 09, 2013 (ACCESSWIRE-TNW via COMTEX) — Biofuel production is expected to grow at a compound annual growth rate of 6% between 2013 and 2023, with biodiesel expected to reach 5 billion gallons of installed production capacity by 2023, generating approximately $17.4 billion in revenue, according to Navigant Research. The production process of biodiesel was further explained through the enormously popular television series “How It’s Made” in a 2011 segment that was filmed in Methes Energies’ production facility.
A Look at How Biodiesel is Produced
From feedstock like used vegetable oil or beef tallow, biodiesel is produced by adding methanol and a catalyst under certain pressures and temperatures which is then refined into usable biodiesel fuel. These biodiesel fuels can be used in unmodified diesel engines and offer numerous environmental benefits.
To watch the process firsthand, click on the link to the video below:
Potential Investment Opportunity
Methes Energies International Ltd. MEIL -9.67% , a renewable energy company that offers an array of products and services to a network of biodiesel products, aims to revolutionize the industry by providing turnkey biodiesel solutions to a network of producers. While building this new drug cialis network, the company operates its own biodiesel production facilities that generated revenues of more than $5.8 million in FY 2012 alone.
Investors looking for a growth opportunity in the sector may want to consider the company for several reasons. First, it’s much smaller and nimbler than the $427 million KiOR Inc. KIOR -0.75% or the $252 million Renewable Energy Resources REGI +4.06% , as it’s easier to double Methes’ mere $28 million market capitalization than those others. And second, the company’s operations move beyond simple biodiesel production and into the cultivation of a biodiesel producer network, which has the potential to generate long-term, high-margin revenues.
With the biodiesel market showing signs of improvement in 2013, shareholders could benefit from increasing biodiesel demand with its existing production facility in Mississauga and its newly commissioned 13 MGY facility in Sombra, Ontario, Canada.
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