Methes Energies International Ltd. (OTC:MEIL) Stock Continues To Trend Lower

This morning investors would be watching the Methes Energies International Ltd. (OTC:MEIL) stock for any kind of recovery after it tanked by 21% on Thursday.

The Update

The company announced yesterday that its b2 biOil biodegradable/bio-based PCMO (passenger car motor oil) would be packaged and made available soon to both retail shoppers as well as direct to consumer ones.

In the news release, Methes Energies International noted that the PCMO, made from both renewable as well as twice-refined-based stocks, would be made available in reusable and returnable 32-ounce pouches. The available weights for the product would be 0W-20, 5W-20, and 5W-30, and it would be shipped in both 5-pack and 6-pack quarts.

Importance

It was also stated that the erroneous disposal of motor oils was one of the major reasons behind oil-related pollution in the water bodies of the United States. Methes Energies International would provide customers with environmentally responsible lubricants in sustainable packaging that could be returned or disposed of effectively.

Each year, around 37.5 million gallons of petroleum oil are disposed of into landfills in the United States from more than 3 billion ‘empty’ motor oil bottles. Most of those bottles bear residual oil, and that leads to the environmental damage. The latest product from Methes Energies International seeks to address that.

Key Quote

“Improper disposal of motor oils represents the largest contributor of oil pollution in our nation’s lakes, rivers, and streams,” said Carol Loch, CEO and Chairman of Methes. “Offering environmentally acceptable lubricants to end-users in sustainable packaging that can be returned will allow us to re-use and/or properly dispose of them.”