Canada’s Enerkem raises funds for second waste-to-biofuels plant

24 February 2010 19:36  [Source: ICIS news]

TORONTO (ICIS news)--Enerkem plans to build a new waste-to-biofuels plant, financing the project through a Canadian dollar (C$) 53.8m ($51.2m) strategic investment in Enerkem by Waste Management and other partners, the Canadian biofuels company said on Wednesday.

The new plant – Enerkem’s second such project – would be built in Alberta province in partnership with the city of Edmonton, the company said without disclosing capacities.

Waste Management said its investment in Enerkem would help it to extract more value from the wastes and materials it processes.

In December, Enerkem was awarded $50m by the US Department of Energy to develop a waste-to-biofuels project in Mississippi.

Enerkem has a commercial-scale demonstration facility at Westbury, Quebec, that turns treated wood from used electricity poles into ethanol. Completed in 2009, the project was developed with financial help from Canada’s federal and the Quebec provincial government.

($1 = C$1.05)

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By: Stefan Baumgarten
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