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.
SOURCE U.S. Energy Initiatives Corp