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Waste-to-Energy Firm Enerkem Secures Additional Financing

Allan Gerlat

June 27, 2013

1 Min Read
Waste-to-Energy Firm Enerkem Secures Additional Financing

Waste-to-energy company Enerkem Inc. has obtained $47.7 million in additional financing to help fund its waste-to-biofuels projects.

The Montreal-based company said in a news release it received additional funding from Investissement Quebec, joining existing investors that include Waste Management of Canada. The Westly Group, Cycle Capital, Fonds de solidarite FTQ and Fondaction also increased their investment with Enerkem with this financing round.

Enerkem now has raised $83 million in equity investment.

“As we are finalizing the construction of the Enerkem Alberta Biofuels facility in Edmonton and developing our next facilities, we takes this new corporate equity investment as a vote of confidence in Enerkem’s growth strategy,” said Vincent Chornet, Enerkem president and CEO.

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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