Methes Energies seeks to buy OTC Energy to transfer to SMEs

In Nevada, Methes Energies International announced that it has signed a Letter of Intent to acquire the assets of OTC Energy Technologies Inc., including all of OTC’s technologies and know-how relating to the conversion of several types of biomass into a chemical quality syngas, which can be converted into renewable alcohols such as ethanol and methanol, and renewable hydrocarbons such as jet fuel and gasoline. The assets also include an existing pipeline of potential clients that Methes intends to quickly pursue. The addition of OTC technologies to Methes’ portfolio of products will allow Methes to compete more fully in the multibillion dollar renewable fuels market, and to start to compete in the multi-hundred-billion dollar general transportation fuels market.