US Energy Initiatives to set up its first Calif. biodiesel plant
U.S. Energy Initiatives Corp. announced 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.
“We are excited to be working with companies with such stellar reputations,” said USEI CEO Anthony Miller. “The management of USEI believes that in 2013, [the company] 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 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. … 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, Calif. Under our joint ventures with these firms, we will develop a biodiesel producing plant in Southern California with a capacity of producing more than 1 MMgy featuring the Methes’ Denami 600 biodiesel processor. 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.”
Miller said Methes will be involved in all aspects of the venture and more information, including USEI’s financing plan, will be released in coming weeks.