Last updated on April 18, 2014 at 12:39 EDT

Key investors raise their participation in Enerkem Alberta Biofuels by C$37 million as facility welcomes first employees

January 16, 2013

MONTREAL, Jan. 16, 2013 /PRNewswire/ – Enerkem Inc. (www.enerkem.com), a waste-to-biofuels and chemical company, is pleased to 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.

(Photo: http://photos.prnewswire.com/prnh/20130116/MO291)

“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 Vincent Chornet, president and CEO of
Enerkem. “We are impressed by the quality and calibre of the candidates
we are attracting as part of our recruitment process.”

Enerkem also announced today that it has closed a C$37 million financing
with Waste Management of Canada Corporation, a subsidiary of Waste
Management, Inc. (NYSE: WM) and EB Investments for Enerkem Alberta
Biofuels L.P.: “We’re glad to see Waste Management and EB Investments
strengthen their relationship with us by increasing their direct
investment in the Edmonton facility”, added Mr. Chornet. “This is
further validation of Enerkem’s business model and leadership position
in the market for waste-to-fuels and chemicals.”

About Enerkem

Enerkem makes biofuels and renewable chemicals from waste. With its
proprietary technology, Enerkem converts non recyclable municipal solid
waste into methanol, ethanol and other widely used chemical
intermediates.  Headquartered in Canada, Enerkem operates both a
demonstration plant and a pilot facility in Quebec. Enerkem is
currently building a full-scale waste-to-biofuels facility in Edmonton,
Alberta, and is developing similar facilities in North America and
globally. Enerkem’s technology and facilities help diversify the energy
mix and make greener everyday products while offering an alternative to
landfilling. www.enerkem.com 

For more information about Enerkem Alberta Biofuels:


Source: PR Newswire