Allan Gerlat, News Editor

December 14, 2011

1 Min Read
Waste Management Invests in Canadian Waste-to-Energy Firm

Waste Management Inc. and an investment firm are buying a minority interest in a Canadian waste-to-energy company.

Houston-based Waste Management and EB Investments have invested $14.6 million for a minority equity interest in Enerkem Alberta Biofuels L.P., a subsidiary of Montreal-based Enerkem Inc. Enerkem Alberta is building a biofuels facility in Edmonton that will use gas from the city’s landfill to produce renewable fuels and chemicals for local markets.

Waste Management is not disclosing its specific amount of the investment or the percentage holding it is buying, said Wes Muir, director of corporate communications, in an e-mail.

Construction of the plant is under way, and the facility is targeted to be one the first full-scale advanced biofuels facilities built in North America, Enerkem said in a news release.

Total financing for the facility is $99.2 million.

Enerkem said it is developing several similar facilities in the U.S. and Canada that will convert municipal solid waste into biofuels and chemicals.

 

 

About the Author(s)

Allan Gerlat

News Editor, Waste360

Allan Gerlat joined the Waste360 staff in September 2011 as news editor. He was the editor of Waste & Recycling News for the first 16 years of its history, and under his guidance the publication won 27 national and regional awards.

Before Waste & Recycling News, Allan worked at another Crain Communications publication, Rubber & Plastics News, which covers rubber product manufacturing. He began with the publication as associate editor and eventually became managing editor, a position he held for nine years.

Allan is a graduate of Ohio University, where he earned a BS in journalism. He is based in Sagamore Hills, in northeast Ohio.

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