Canadian Biomass Magazine

More financing for Enerkem’s Alberta ethanol plant

January 18, 2013
By Enerkem Inc.

January 18, 2013, Montreal, QC — Enerkem Inc. announced that it has closed a $37 million financing with Waste Management of Canada Corporation, and EB Investments for Enerkem Alberta Biofuels, an ethanol plant under construction in Edmonton.

“We’re glad to see Waste Management and EB Investments strengthen their relationship with us by increasing their direct investment in the Edmonton facility”, said Enerkem’s president and CEO, Vincent Chornet. “This is further validation of Enerkem’s business.

Enerkem also welcome the first employees to the Enerkem Alberta Biofuels facility in Edmonton. This facility is currently under construction and will be one of the first full-scale advanced biofuels facilities in North America. It will use the City of Edmonton’s non recyclable and non compostable waste to produce renewable fuels and chemicals, and will create more than 30 permanent jobs, in addition to 200 jobs during construction.

“With plant commissioning expected to begin this summer, it’s exciting to see the facility’s first employees join the Enerkem team and start their technical training”, said Chornet. “We are impressed by the quality and calibre of the candidates we are attracting as part of our recruitment process.”

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