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Markets :: Alternative Fuels :: Bioethanol

Enerkem closes $50-million funding round

5:08 PM MDT | June 20, 2013 | Rebecca Coons

Waste-to-biofuels and chemicals company Enerkem (Montreal) says it has closed a C$50 million (US$48 million) financing, which brings total equity investment raised by Enerkem in 2013 to C$87 million. As part of this financing, institutional fund Investissement Québec joins existing investors Waste Management of Canada, Rho Ventures, Braemar Energy Ventures, The Westly Group, Cycle Capital, Fonds de solidarité FTQ and Fondaction, who each increased their investment in Enerkem with this new equity financing round. Investissement Québec, as a...

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