- Methes Energies (OTCPK:MEIL +19.6%) surges after saying it finalized deals to supply up to 40 railcars of biodiesel each month to a large national aggregator and a downstream distributor.
- The shipments would equal as much as 1M gallons each month and add up to $4M/month to MEIL's sales, based on current prices.
- MEIL President Nicholas Ng says the agreements will allow the biofuels company to sell directly to U.S. buyers, which "will make things much easier for us and enhance our ability to attract additional U.S. customers."