Enerkem raises $280 mln round, BlackRock, Sinobioway invest
Enerkem Inc, a Montréal-based producer of biofuels and renewable chemicals from waste, has secured $280 million, its largest round to date. New investors Blackrock and Sinobioway backed the financing, as did existing investors, including Braemar Energy Ventures, Cycle Capital, Fondaction CSN, Fonds de solidarité FTQ, IQ, National Bank, Rho Capital Partners, Waste Management and Westly Group. Vincent Chornet, Enerkem's president and CEO, said the funds raised will accelerate growth and advance project development and implementation. Last month, China's Sinobioway entered into a $125 million strategic deal with the company.
6 February 2018•3 mins read
