Enerkem Closes $255 Million Financing Round To Drive Its Growth And Deployment Of Its Leading Gasification Technology

Apr 06, 2022•over 3 years ago

Amount Raised

$255 Million

Montreal

Description

Enerkem, a world leader in the production of low-carbon intensity biofuels and circular chemicals from waste materials, announces the closing of a new financing totaling $255 million.

Company Information

Company

Enerkem

Location

Montreal, Quebec, Canada

About

Enerkem has developed and is marketing its breakthrough technology to produce, from non-recyclable waste, circular chemicals and advanced biofuels intended for hard to decarbonize sectors, such as sustainable aviation and marine fuels. Headquartered in Montreal, Quebec (Canada), Enerkem operates a full-scale commercial demonstration plant in Edmonton, Alberta, as well as an innovation centre in Quebec. A large-scale commercial facility is currently under construction in Varennes, Quebec (Canada) which will use Enerkem's technology. This also applies to agroforestry waste that, like urban waste, can be recycled into new products. Such technology can therefore diversify energy and chemical portfolios, as well as produce greener everyday products. It also provides a smart and sustainable alternative to landfilling and incineration. For more information, visit www.enerkem.com, follow us on Twitter @Enerkem or visit our LinkedIn or Facebook page.

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Enerkem Closes $255 Million Financing Round To Drive Its Growth And Deployment Of Its Leading Gasification Technology

Description

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Company Information