U.S. Energy Initiatives to Setup Its First Biodiesel Facility in
California
SANTA CLARITA, Calif.,
Jan. 8, 2013 /PRNewswire/
-- U.S. ENERGY INITIATIVES CORP (OTC: USEI) today
announces that is has signed a Letter of Intent to form a Joint
Venture that will provide the tools, experience and support to
build several small scale biodiesel plants in California featuring Methes Energies Canada
Inc.'s Denami 600 technology.
According to Anthony Miller, CEO,
"We are excited to be working with companies with such stellar
reputations. The Management of USEI believes that In 2013
U.S. Energy Initiatives will center on biodiesel first, then later
its oil and gas technologies. We have decided to take this green
alternative path first, because it provides us with the most
successful path possible. We have formed joint ventures with two
(2) companies that have significant success in this field, and
these relationships are those that will fuel our growth. Methes
Energies Canada Inc., a wholly-owned subsidiary of Methes Energies
International Ltd, a publicly traded company on NASDAQ under the
symbol MEIL is a biodiesel equipment provider and biodiesel
producer. Our second joint venture firm (yet to be named) is a
biodiesel producing company located in Riverside County, California; these are our
venture companies. Under our joint ventures with these firms, we
will develop a biodiesel producing plant in Southern California with a capacity of
producing over 1 million gallons per year featuring the Methes'
Denami 600 biodiesel processor (See video:
http://www.youtube.com/watch?v=Utg6qzoaiGE). The Denami 600, one of
Methes main products, has one of the smallest footprints in the
industry. The Denami 600 can quickly and easily be set up anywhere
to produce 1.3 million gallons of ASTM quality biodiesel per year.
The Denami 600 is modular and scalable in 1.3 million gallons per
year increments. This plant is our primary focus for the
first half of 2013, our goal is to build our initial biodiesel
plant in here and build other plants throughout the U.S where
strategically possible, based upon the success of our initial
operations." "Methes will be involved in all aspects of this
venture and we will delineate greater information about this plan
incoming weeks which will include our financing plan," further
comment Miller
About Methes Energies International Ltd
Methes Energies International Ltd. is a renewable energy
company that offers a variety of products and services to biodiesel
fuel producers. Methes also offers biodiesel processors that are
unique, truly compact, fully automated state-of-the-art and
continuous flow that can run on a wide variety of feedstocks.
Methes markets and sells biodiesel fuel produced at its showcase
production facility in Mississauga,
Ontario, Canada and at its recently commissioned 13 MGY
facility in Sombra, Ontario, to
customers in the U.S. and Canada,
as well as providing multiple biodiesel fuel solutions to its
clientele. Among its services are selling commodities to its
network of biodiesel producers, selling their biodiesel production
and providing clients with proprietary software to operate and
control their processors. Methes also remotely monitors the quality
and characteristics of its clients' production, upgrades and
repairs their processors and advises clients on adjusting their
processes to use varying feedstock to improve the quality of their
biodiesel. For more information, please
visit www.methes.com.
About U.S. Energy Initiatives Corp
U.S. Energy Initiatives Corporation is a
diverse energy firm that has a long history of
developing automotive and hybrid fuel systems and technologies.
This firm started in 1996 and has since become a successful
developer of its business strategies. Its Management's new goal is
to also develop new and old technologies, as well as to build a
dynamic energy firm. The Company has three separate energy
initiatives; one in the oil, gas & technology sector
(brought in by Mr. Miller), one in the hybrid fuel or biofuel
sector and one in the automotive sector. The firm's immediate
goal is to create its own biofuel opportunities and going forward,
to acquire and develop stranded or un-recovered oil properties for
enhanced oil production, forming partnerships with operators, in
addition to the elaboration of strategic alliances for primary and
secondary recovery. The company's overall goal is to become
environmentally responsible in the energy sector, utilizing all of
the methods available to create a continued financial growth.
Toward achieving that purpose, it will market its products
throughout the world to significantly increase revenues, while
adding value for its shareholders.
DISCLOSURES: "Safe Harbor" statement under the Private
Securities Litigation Reform Act of 1995: This press release may
contains forward-looking statements that are subject to risk and
uncertainties, including, but not limited to, the impact of
competitive products, product demand, market acceptance risks,
fluctuations in operating results, political risk and other risks
detailed from time to time in the Company's filings with
OTCMarkets.com and as required to the Securities and Exchange
Commission. These risks could cause USEI's actual results to differ
materially from those expressed in any forward-looking statements
made by, or on behalf of, the Company.
Contact: Investor Relations
866 922-1116 or info@usenergyinit.com
Website: www.usenergyinit.com
SOURCE U.S. Energy Initiatives Corp
