- Methes Energies specializes in bio-lubricants and biodiesel fuels, leveraging proprietary technologies to create sustainable, high-performance products.
- The bio-lubricant industry is rapidly growing due to stringent environmental regulations, consumer demand for eco-friendly products, and technological advancements.
- Methes Energies’ newly reformulated bio-lubricants, set for release in mid-2024, increase the use of renewable and re-refined base stocks, enhancing their environmental footprint and meeting new industry standards.
Methes Energies(OTC PINK:MEIL) is a prominent player in the renewable energy sector, focusing on the production and marketing of bio-lubricants and biodiesel fuels. With a steadfast commitment to sustainability, the company utilizes domestically sourced bio-derived feedstocks to create environmentally friendly products under the Denami brand. Their innovative approach integrates proprietary technologies to enhance the performance of their green products, which are designed to be renewable, biodegradable, recyclable, and non-toxic. Methes Energies’ offerings not only comply with stringent regulatory requirements but also cater to the growing demand for environmentally acceptable lubricants (EALs), providing superior performance while minimizing environmental impact.
About Methes Energies
Methes Energies (OTC PINK:MEIL) is a leading company in the renewable energy sector, specializing in the production and marketing of bio-lubricants and biodiesel fuels. Founded with a commitment to sustainability, Methes Energies focuses on creating environmentally friendly products using domestically sourced bio-derived feedstocks. Their product line includes a variety of bio-lubricants and biodiesel processing equipment under the Denami brand.
The company’s innovative approach integrates proprietary technologies to enhance the performance of their green products, which are designed to be renewable, biodegradable, recyclable, and non-toxic. This commitment to sustainability aligns with the growing demand for environmentally acceptable lubricants (EALs) that meet stringent regulatory requirements such as the Vessel General Permit and the USDA BioPreferred Program.
Methes Energies’ offerings not only comply with these regulations but also cater to the needs of socially responsible consumers and businesses looking to minimize their environmental impact without compromising on performance. Their products are designed to outperform traditional mineral oil-based lubricants, providing superior performance in a sustainable manner.
The Emerging Bio-Lubricant Industry: Sustainable Solutions for a Greener Future
The bio-lubricant industry is rapidly gaining momentum, driven by the need for sustainable and environmentally friendly alternatives to traditional lubricants. Bio-lubricants, derived from renewable sources, offer numerous advantages including biodegradability, reduced toxicity, and lower environmental impact. This industry, although currently representing a small fraction of the overall lubricants market, is experiencing significant growth due to increasing governmental regulations and consumer demand for greener products.
The bio-lubricant market (EALs) is expected to hit $4.26 billion by 2029 as government initiatives govern oil-based lubricants to bolster market growth with a CAGR of almost 4.7% from 2022 to 2029. While this segment makes up less than 1.5% of the global finished lubricants market, it is growing significantly faster than the others.
Bio-lubricants are used in various applications such as automotive, industrial, and marine sectors. They provide excellent lubrication performance while being less harmful to the environment compared to their petroleum-based counterparts. The market is witnessing innovations in the development of new bio-based formulations that meet stringent performance standards.
Key Factors Driving the Bio-Lubricant Industry:
- Government Initiatives: Stringent environmental regulations in regions like North America and Europe are propelling the adoption of bio-lubricants.
- Environmental Benefits: Reduced carbon footprint, biodegradability, and lower toxicity make bio-lubricants a preferred choice.
- Industrial Applications: Hydraulic fluids, gear oils, and greases are some of the key segments where bio-lubricants are making significant inroads.
- Consumer Awareness: Growing awareness about the environmental impact of traditional lubricants is driving consumer preference towards bio-based alternatives.
- Technological Advancements: Continuous research and development are leading to improved performance and cost-effectiveness of bio-lubricants.
Hydraulic fluids dominate the demand for bio-lubricants, making up 40% of the market, followed by metalworking fluids (20%), transformer oils (10%), chainsaw oils (6%), industrial gear oils (6%), automotive engine oils (3%), and other products (15%).
Sustainable Lubrication: The Future with b2 biOil™
b2 biOil™ environmentally acceptable lubricants were developed to address environmental concerns related to lubricant production and disposal. These lubricants provide an eco-friendly solution that meets original equipment manufacturers’ (OEM) performance demands and complies with government regulations for bio-derived products.
b2 biOil™ lubricants are certified as biodegradable, non-bioaccumulative, and minimally toxic to aquatic life. They are designed to meet various benchmarks:
- Biodegradability: Lubricants biodegrade to their natural state at 60% or more within 28 days, classifying them as “readily biodegradable.”
- Non-Toxicity: Lubricants are tested for acute and chronic toxicity using OECD and ASTM standards, ensuring they are non-toxic to the environment.
- Renewability: Lubricants contain over 25% bio-based carbon, aligning with EN 16807 and measured by ASTM D-6866.
Proven by the Military
The Defense Logistics Agency (DLA) and the Air Force Research Laboratory conducted extensive testing and validation of bio-based synthetic motor oils, including b2 biOil, over four years. The testing involved various military and federal vehicles, confirming that b2 biOil improves gas mileage, extends oil-change intervals, and reduces greenhouse gas emissions without requiring engine modifications.
The Air Force conducted trials at multiple bases, replacing conventional oil with b2 biOil in numerous vehicles. The results showed improved performance and environmental benefits, leading to the potential for widespread adoption across the federal fleet. This shift supports government sustainability mandates and enhances market opportunities for domestically produced agricultural products.
Methes Energies Announces Reformulated Bio-Lubricants to Meet New Industry Standards
Methes Energies (OTC PINK:MEIL) has announced the reformulation of its bio-lubricants to meet the latest industry standardized fluid specifications. In a bold move to advance eco-friendly technology, Methes is increasing the percentage of renewable and re-refined base stocks in its formulas, thereby significantly enhancing the environmental footprint of its products.
“As the transportation industry evolves to the growing demand for new eco-friendly vehicles, we too must change too. By increasing our total percentage of renewable and re-refined base stocks in our formulas we are able to expand our green footprint provided by our bio-based/biodegradability b2 biOils.”
Carol Loch, CEO and Chairman of Methes
The newly formulated lineup includes an impressive range of products such as passenger car motor oils (0W-20, 5W-20, and 5W-30), high oleic hydraulic fluids (AW-32, AW-46, and AW-68), and various gear oils, including ISO 220. Set for mid-summer 2024 distribution, these innovative products meet stringent biodegradability requirements, with a substantial portion biodegrading within 28 days. Methes’ commitment to high-quality, environmentally preferable lubricants marks a significant milestone in sustainable industry practices.
Conclusion
Methes Energies (OTC PINK:MEIL) is at the forefront of the rapidly expanding bio-lubricant industry, driven by increasing governmental regulations and consumer demand for sustainable products. Their commitment to innovation and environmental stewardship is evident in their reformulated bio-lubricants, which incorporate higher percentages of renewable and re-refined base stocks. These new formulations not only meet stringent biodegradability requirements but also offer superior performance and environmental benefits.
Marc has been involved in the Stock Market Media Industry for the last +5 years. After obtaining a college degree in engineering in France, he moved to Canada, where he created Money,eh?, a personal finance website. He then contributed to building Guerilla Capital, a Capital Markets company and FirstPhase Capital where he was head of research. At10xAlerts, he writes articles and conducts interviews on many sectors, including breaking news technology, metals & mining markets.
