• Enerkem

  Participated · Equity · Feb 2010

  Enerkem produces biofuels and chemicals from non-recyclable municipal waste, including biomethanol produced at its full-scale Edmonton facility. The company owns a full-scale commercial facility in Alberta plus a demonstration plant and a pilot facility in Quebec. Enerkem is developing additional modular biorefineries in North America and globally to scale its technology. Led by president and CEO Vincent Chornet, the company has initiated production of biomethanol from household garbage at its Enerkem Alberta Biofuels facility in Edmonton. Enerkem recently secured financing to support product expansion at the Edmonton plant and to fund the company’s global growth plans. The financing package reflects a mix of debt and private placements tied to near-term commercial expansion. Enerkem develops thermo-chemical technology that converts unrecyclable household garbage, demolition debris and other waste into chemical-grade syngas for production of advanced ethanol, bioacetates and intermediate chemicals. The company is led by President and CEO Vincent Chornet and is based in Montreal, Canada. Enerkem currently operates two facilities in Quebec and in 2010 began construction of a municipal waste-to-biofuels plant in Alberta. It expects to develop a similar facility in Mississippi with financial support from the USDA and U.S. DOE. Financially, Enerkem recently closed a $30.3M financing (corporate equity and corporate debt) and had previously announced a separate US$60M equity funding round with existing backers participating. The new funds will allow Enerkem to further develop its commercial activities. Enerkem is a Quebec-based company that converts waste into clean fuel and chemicals. It uses unrecyclable household garbage, demolition debris and used utility poles to produce advanced ethanol, acetates and other clean chemicals. The company currently operates two facilities in Quebec and in 2010 began construction of a municipal waste-to-biofuels plant in Alberta. In 2011 it expects to start building a similar facility in Mississippi. Enerkem is led by CEO and president Vincent Chornet. The company recently closed a US$60m financing round. Enerkem develops a proprietary thermo-chemical process that converts waste materials into biofuels such as ethanol and other advanced chemicals and electricity. Its technology can process diverse carbon-based feedstocks, including sorted municipal solid waste, construction and demolition wood, and agricultural and forest residues. The company operates a pilot facility in Sherbrooke and a commercial-scale plant in Westbury, completed in 2009. Enerkem is initiating construction of a second waste-to-biofuels plant in partnership with the City of Edmonton and Alberta Innovates. It is also developing a similar project in Mississippi and was awarded US$50m in funding by the U.S. Department of Energy. The company recently closed a CDN $53.8m financing to support this growth plan.

No current team members are available.