Enerkem Raises C$53 Million
Enerkem Technologies Inc., a Montreal-based provider of synthetic gass and other alternative fuels, has raised C$53.8 million in new VC funding. Waste Management Inc. was joined by return backers Rho Ventures, Braemar Energy Ventures, BDR Capital and Cycle Capital. Last month, Enerkem was selected by the U.S. Department of Energy to receive $50 million for the construction and operation of its waste-to-biofuels facility to be located in Pontotoc, Mississippi.
24 February 2010•3 mins read
