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.”
Tags: Alberta facility, Biomethanol, cellulosic ethanol, IPO, industrial biotech boom, “Enerkem Biofuels”, commercialization, waste-to-fuel, final financing
Source
BiofuelsDigest, 2013-01-17.
Supplier
EB Investments LLC
Enerkem Inc.
Québec Ministry of Natural Resources and Wildlife
US Department of Agriculture (USDA)
US Department of Energy (DoE)
Waste Management Canada
Share
Renewable Carbon News – Daily Newsletter
Subscribe to our daily email newsletter – the world's leading newsletter on renewable materials and chemicals