Methes Energies to export more than $6 million in biodiesel to US by October

In Canada, Methes Energies announced that, pursuant to previously announced preliminary arrangements, it has entered into agreements with U.S. clients to supply more than $6 million of biodiesel (including Methes Energies’ share of the expected biodiesel blender’s tax credit) by September 30, 2014. The agreements require shipment of approximately 1.4 million gallons of biodiesel over this period, commencing around June 23. Though these agreements are part of an expected longer term relationship, Methes Energies did not want to commit to shipments over a longer period in a sometimes volatile market.