17 Januar 2013

Enerkem raises $37.5M for landmark waste-to-biofuels plant in Edmonton

25-year agreement to convert 100,000 tonnes of the City’s municipal solid waste into biofuels

The long and sometimes perilous journey to financing Enerkem’s first commercial project appears to have reached the sunny shores of Completionland. In Canada, Enerkem announced that it has closed a $37.5 million financing with Waste Management of Canada Corporation, a subsidiary of Waste Management, and EB Investments for Enerkem Alberta Biofuels L.P.

“We’re glad to see Waste Management and EB Investments strengthen their relationship with us by increasing their direct investment in the Edmonton facility”, noted Enerkem CEO Vincent Chornet. “This is further validation of Enerkem’s business model and leadership position in the market for waste-to-fuels and chemicals.”

…Full text: www.biofuelsdigest.com/bdigest/2013/01/17/enerkem-raises-37-5m-for-landmark-waste-to-biofuels-plant-in-edmonton/

Tags: Alberta facility, Biomethanol, cellulosic ethanol, IPO, industrial biotech boom, “Enerkem Biofuels”, commercialization, waste-to-fuel, final financing

Source: BiofuelsDigest, 2013-01-17.

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