VC-Backed Enerkem Raises C$37M for Alberta Biofuels Facility
Enerkem Inc., a Montréal-based developer and producer of renewable fuels and chemicals, closed a C$37 million financing for Enerkem Alberta Biofuels LP, the company's advanced biofuels facility in Edmonton. The investors were Waste Management of Canada Corp. and EB Investments. Since 2002, Enerkem has been backed by Canadian and U.S. venture capital firms, including Braemar Energy Ventures, Cycle Capital Management, Fondaction (CSN), Fonds de solidarité des travailleurs du Québec (FTQ) and Rho Capital Partners.
17 January 2013•2 mins read
