Methes Energies International Ltd ($MEIL) finalizes the acquisition of Florida based EarthFriendly Products Inc

March 01 06:04 2023

According to FORTUNE Business Insights, the bio-lubricant marketplace is to reach $4.26 billion by 2029 as government initiatives govern oil-based lubricants to stimulate market growth with a CAGR of almost 4.7%, 2022 – 2029. While this segment is less than 1.5% of the total global finished lubricant market, its growth is significantly faster than the others. Government policies and socially responsible end-users are projected to increase demand to drive the market during this period. With that said, we would like to draw your attention to a micro cap company Methes Energies International Ltd (OTCMKTS:MEIL) that anounced solid news in related to the bio-lubricant industry.

Methes Energies International Ltd (OTCMKTS:MEIL) announced that it has finalized the acquisition of Celebration, Florida based EarthFriendly Products Inc., the manufacturer and marketer of b2 biOil and other bio-lubricants. This acquisition will combine efforts and build upon Methes’ current platform in which to launch an increased assortment of bio-renewable solutions.

“After an intensive three-year search to find a synergistic partner to continue promoting our bio-renewable solutions while bolstering shareholder value, I am pleased to announce this seamless transition with EarthFriendly Products;” said Michel G. Laporte, past Chairman and CEO of Methes. “Their branding and go-to-market strategies will help the Company further penetrate the bio-lubricant marketplace within multiple channels.”

“We are delighted to finalize this transaction and expand our environmentally charged agenda;” said Carol Loch, President of EarthFriendly Products Inc., now appointed Chairwoman and CEO of Methes Energies International Ltd. She added; “Environmentally concerned and socially responsible consumers and customers alike should not have to sacrifice value or performance when selecting an earth friendlier product over their traditional product choices…as it is our mission to make our GREEN choices a logical choice!”

As of Monday’s market close, MEIL last traded at $0.0667. However, investors may want to keep an eye on this stock, as its 52-week high is $0.1030, suggesting there is significant potential for upside.

For more info on MEIL, please watch the video below:


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Other companies that are often considered to be environmentally friendly include:

  • Tesla, Inc. (NASDAQ:TSLA) – an American electric vehicle and clean energy company
  • First Solar, Inc. (NASDAQ:FSLR) – a leading global provider of photovoltaic solar energy solutions
  • SunPower Corporation (NASDAQ:SPWR) – an American company that produces high-efficiency solar panels and systems
  • NextEra Energy, Inc. (NYSE:NEE) – an American electric power company that specializes in renewable energy
  • Ørsted A/S (CPH:ORSTED) – a Danish company that focuses on offshore wind energy
  • Vestas Wind Systems A/S (OTC:VWDRY) – a Danish company that produces wind turbines
  • Brookfield Renewable Partners L.P. (NYSE:BEP) – a Canadian renewable energy company that owns and operates hydroelectric, wind, and solar power facilities
  • Enphase Energy, Inc. (NASDAQ:ENPH) – an American company that produces microinverters for solar energy systems
  • Bloom Energy Corporation (NYSE:BE) – an American company that develops and manufactures solid oxide fuel cells
  • Albemarle Corporation (NYSE:ALB) – an American specialty chemical company that produces lithium for use in batteries.

It’s important to note that any investment carries risks, and one should always do their own research and consult with a financial advisor before making any investment decisions.



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