Enerkem secures methanol off-take agreement

Sept. 15, 2011, Montreal –
Waste-to-biofuels and chemicals company Enerkem has entered into an off-take
agreement with Methanex Corporation for the sale of methanol to be produced at
Enerkem's facility in Edmonton, Alberta.

"The access to Methanex Corporation's
worldwide distribution network, coupled with our ability to produce methanol
from non-recyclable waste, represents a timely opportunity for Enerkem in the
development of its commercial activities," says Vincent Chornet, president
and CEO of Enerkem. "Our proprietary technology platform allows for the
production of renewable fuels and chemicals, including methanol, which we can
sell as an end-product or convert into cellulosic ethanol."

Methanol is a versatile chemical building
block used in numerous industrial and everyday consumer products. Enerkem
Alberta Biofuels in Edmonton is expected to produce and sell methanol
initially. The plant will subsequently produce cellulosic ethanol from
methanol.