Enerkem, Akzo Nobel to explore European market

November 18, 2014, Montréal, Qué – Enerkem Inc. announced it
has signed an agreement with AkzoNobel to develop a project partnership to
explore the development of waste-to-chemicals facilities in Europe.

"Enerkem's global expansion follows the launch of our
waste-to-biofuels and chemicals full-scale commercial facility in Edmonton,
which sent a strong signal that our technology is ready to be deployed around
the world," said Vincent Chornet, President and CEO of Enerkem. "We
are pleased to work with AkzoNobel to develop new facilities and products in
Europe.  With our lower-cost alternative
to incineration and landfilling, we help chemical producers offer more
sustainable products derived from waste and renewable sources rather than petroleum
and we contribute to the transition to a circular economy."

"By making synthesis gas from waste, we will have a
sustainable and cost-effective feedstock for the chemical industry which would
be fully in line with our Planet Possible approach to sustainable
manufacturing," explained Peter Nieuwenhuizen, AkzoNobel's Director of
Innovation and Partnerships.

In this new project partnership, Enerkem will license its
exclusive breakthrough technology to convert municipal and other waste
feedstocks into chemicals. The final business structure and sites are under
discussions and will be announced at a later time.