Methes Energies receives second payment of C$200,000

Renewable energy company Methes Energies International has received a second payment of C$200,000 (€150,000) from Drain Bros for the sale of a Denami 600 biodiesel processor and a PP-MEC pre-treatment system to be installed in Ontario, Canada as previously announced.

This second of five progress payments was triggered by the fact that all the equipment from Methes' Mississauga facility has now been shipped to the client. As expected, the process took approximately three weeks. Over the next several weeks Methes' team, working with Drain Bros, will reinstall the equipment and the PP-MEC pre-treatment system.

A third payment of C$300,000 will be due once the installation is completed. The company expects to take approximately six weeks to complete this next phase of the project.

 

SOURCE: Methes Energies