Enerkem collects $50 mln from Suncor
Enerkem, a Montréal-based producer of biofuels and renewable chemicals from waste, has raised $50 million in funding. The investor was Calgary-based energy company Suncor. This past April, Suncor participated in a $76.3 million financing round. As a result of this new investment, Suncor has become a "significant" Enerkem shareholder. Enerkem's other backers include Braemar Energy Ventures, Cycle Capital, Fondaction, Fonds de solidarité FTQ, Investissement Québec, National Bank of Canada, Rho Ventures, Sunkem, Waste Management of Canada and Westly Group.
16 October 2019•3 mins read
