Enerkem scores C$152.6 million in new funding and production of biomethanol from MSW

In Canada, Enerkem announced it has raised C$152.6 million and has initiated the production of biomethanol from non-recyclable household garbage at the Enerkem Alberta Biofuels full-scale facility in Edmonton, Canada.

The financing is comprised of a recently accessed C$29 million debt facility from Integrated Asset Management Corp.’s (IAM) Private Debt Group as well as C$50 million in private placements from current investors and C$73.6 million of debt from two other lenders, closed over the past year. This funding will be used for the product expansion of the Edmonton facility and the company’s global growth.

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