During the corresponding time, Methes Energies International Ltd saw a revenue deteriorated by -75.78 % year on year, sequentially revenue grew by 2758.81 %. While revenue at the Methes Energies International Ltd's corporate clients
Methes Energies International Ltd's Comment on Sales, Marketing and Customers
We market and sell two principal products to the biodiesel industry: Denami biodiesel
processors and biodiesel (B100) fuel. We also sell glycerin as a by-product and
offer services related to the production of biodiesel. We also purchase feedstock
from various sources on the spot markets for our own use as well as for resale
to certain customers.
Biodiesel
Sales and marketing of our biodiesel are handled by our in-house sales and marketing
team. Our largest customer accounted for 67% of total revenue in 2013 and our
two largest customers accounted for 67% and 8% of total revenue in 2014. The sales
to these customers were made at spot market prices, and we have no binding agreements
covering our production. There are additional potential customers for the biodiesel
sold to these three largest customers, including potential customers already in
our customer base, and we believe that the loss of one or more of these three
customers would not have a material adverse effect on our business. We also sell
our biodiesel directly to private fleet users and others who can blend our biodiesel
with petroleum based diesel fuels. We expect our current customers or other wholesaler/marketers
will sell most of our biodiesel to fuel users and retail locations in the United
States and Canada. It is also our intention to approach private fleet users such
as trucking companies to maximize market penetration and increase sales.
Our Sombra facility currently sells almost all of its biodiesel into the United
States market. Our Mississauga and Sombra facilities are registered with the EPA
as Foreign Renewable Fuel Producers under RSF2 which allows for RINs to be generated
when our biodiesel is imported into the United States.