"I must say a huge thank you to our. A cash budget template is a budget based on actual inflows and outflows of cash, as opposed to being based on accounting principles such as revenue recognition Revenue Recognition Principle The revenue recognition principle dictates the process and timing by which revenue is recorded and recognized as an item in the financial statements. Overhead definition. has agreed to license its technology that converts waste into biofuels and renewable chemicals to Netherlands-based AkzoNobel NV, the companies said Wednesday. He started his career at KPMG. Manufactured from waste biomass , instead of fossil sources like petroleum and natural gas , Enerkem's technology produces ethanol and renewable chemicals that are used in a broad range of industrial and consumer applications. Air Liquide, AkzoNobel Specialty Chemicals, Enerkem and the Port of Rotterdam Authority have signed a development agreement for the initial investments in an advanced waste-to-chemistry plant in. It is already doing this at a $150 million plant it is. Enerkem is concluding negotiations with the Department of Energy to put the $50-million in place, and. CHICAGO, June 1, 2011 /PRNewswire/ - Enerkem Inc. Enerkem's three largest shareholders are ##Subscribe today to see our research on this and all other subscriber ONLY items## National Bank Financial Inc. Enerkem closes a new round of financing for $76. Subject Matter Details Grant, Contribution or Other Financial Benefit Seeking funding from the federal government under programs under Public Private Partnership Canada Fund, Western Economic Development Funds, Business Development Bank, STDC (Sustainable Technology Development Canada) and NextGen BioFuels Fund. 14 Enerkem announces new project partnership in China ( EN, CNX ). Our highly qualified employees are proud to be part of a company that is renowned throughout the world. Enerkem Inc. Covers lawsuits, land-use, toxic torts, mergers, emissions, pollution, legislation, regulation. develops renewable biofuels and chemicals from waste using its proprietary thermochemical technology platform. McConnell was most recently vice president of supply chain at Waste Management, where he was responsible. , a global leader in biofuels production from solid waste, announces the closing of a new round of financing totalling $76. A plant is being built in Edmonton by Enerkem will convert trash into ethanol through a process called fluidized bed gasification, although the project has been plagued by delays and budget overruns. "Robert Shaw is a seasoned executive who brings over 25 years of a broad international experience in various industrial. Waste-to-biofuels developer Enerkem has announced the closing of a new round of financing from its existing investors, and a new investor Suncor Energy, for a total amount of $57. Enerkem and TRSWMA are in the process of negotiating final financial and binding agreements. For the year ended December 2011, BrightSource generated $159. Enerkem Inc. Enerkem is this kind of place where you belive you are doing something good for the planet and not only work to get a salary. Sinobioway is a Chinese industrial group engaged in the bioeconomy, investing in bioenergy among other areas. While Enerkem is focusing on ethanol production currently due to the high demand in the market, this offers exciting potential for future revenue. Its exclusive clean technology transforms refuse such as non-recyclable municipal solid waste, construction debris and residues from used electricity poles into clean fuels and advanced chemicals. I have been working at Enerkem full-time (More than 5 years) Pros. 6, 2018 /CNW Telbec/ - Enerkem Inc. Last month Enerkem and Sinobioway agreed a C$125m deal to include the possible construction of around 100 new waste-to-energy facilities in China by 2035. He has raised C$504 million in various financings, and led the launch of Enerkem's - and the world's - first full-scale commercial facility to turn non-recyclable municipal solid waste into clean transportation fuels […]. About Greenfield Ethanol. Overhead costs are all. Enerkem operates 2 plants in Canada: a demonstration facility in Westbury, Quebec and the world’s first commercial scale MSW-to-biofuels and chemicals plant in Edmonton. (NYSE: WM) and EB Investments for Enerkem Alberta Biofuels L. Pune, India – August 27, 2019 /. The construction of a waste-to-chemicals plant in the Netherlands that will produce methanol from synthesis gas generated from residual waste is a step closer. 6 million and has initiated the production of biomethanol from non-recyclable household garbage at the. We now require all subscribers to register with us the first time they log. , a company specializing in synthetic gas and alternate fuels announces it has closed an $8. MONTRÉAL, April 16, 2019 /CNW Telbec/ - Enerkem Inc. , Montreal, Québec, announced the appointment of Dominique Boies as executive vice president and chief financial officer (CFO). Enerkem also announced today that it has closed a C$37 million financing with Waste Management of Canada Corporation, a subsidiary of Waste Management, Inc. It is a gasification technology company specializing in converting low and negative value waste stream into liquid alcohols used for transportation fuels. Waste Management, Inc. and Enerkem Inc. Chanele Parent Senior Financial Analyst at Enerkem Pointe-Claire, Quebec, Canada Financial Services 3 people have recommended Chanele. MONTR AL, Apr 16, 2019 (Canada NewsWire via COMTEX) -- Enerkem Inc. Two new plants — being developed by. Greentech IPO Spring: BrightSource, Enphase, Enerkem, Luca Debut environmental and financing risk. Please provide a copy of the Order to the undersigned via email at [email protected] A drive toward more sustainable and environmentally responsible energy sources,. Enerkem Inc. (MM) (NRKM) stock price, charts, trades & the US's most popular discussion forums. 3 million) and corporate debt ($15. 7m) in financing. We've raised close to $400 million in private equity and finance. For the year ended December 2011, BrightSource generated $159. The company has secured other financing from private and public sources. “A record $1 billion in VC financing this quarter is a sure sign that the world continues to focus on the strength of Canadian innovation,” said Chris Dulny, National Technology Industry Leader at PwC Canada. When you upgrade to Crunchbase Pro, you can access unlimited search results, save your dynamic searches, and get notified when new companies, people, or deals meet your search criteria. Enerkem, a company that turns trash into clean fuels and green chemicals, this week accounted for the biggest cleantech deal in the history of Canada’s venture market. David McConnell joined Enerkem’s management team as vice president, business development, North America. 6 million (USD 115. Environmental Protection Agency Office of Research and Development Research Triangle Park, NC 27709 Prepared by RTI International 3040 Cornwallis Road Research Triangle Park, NC 27709 BRTI INTERNATIONAL. , a world leading waste-to-biofuels and chemicals producer, recently announced it has completed a C$280 million ($222. Such statements should be carefully considered, and it should be understood that many factors could cause forecasted and actual results to differ from these statements. BRIEF-Enerkem achieves all production milestones at its Edmonton biofuel facility. Perform visual inspection on incoming, in-process and outgoing products to ensure that all quality. 9% pure liquid chemicals and biofuels. Profile in Green Finance: Enerkem Instead of sending garbage to a landfill, one company has found a unique way to turn it into fuels and chemicals. 3 million gallons a year, and it is building another in Edmonton, Alberta, that could produce 10 million gallons. CHICAGO, June 1, 2011 /PRNewswire/ - Enerkem Inc. Shawn McCarthy Global Energy Reporter. 82 million) investment round—its largest to date. They are the expenses the business incurs to stay in business, regardless of its success level. , a world-leading waste-to-biofuels and chemicals producer, was named, at the Clean Energy Ministerial (CEM) 10 & Mission Innovation 4(MI-4) event hosted by the Government of Canada in Vancouver, British Columbia, finalist of The Sky's the Limit Challenge led by Natural Resources Canada. The project began in 2014 as a collaboration between AkzoNobel, several other Dutch organizations and Canadian firm Enerkem. 2020 edition of Bloomberg New Energy Finance Summit will be held at Grand Hyatt New York, New York starting on 20th April. This injection of additional capital will help foster. Imperatori Design is an award winning Montreal-based interior design firm, specializing in creating exceptional workplace environments for a wide range of markets, from next-gen sectors such as social media, gaming and software, to financial, legal, communications and media. This injection of additional capital will help foster the company’s growth by continuing the development of its other projects, including in Varennes , Québec, and Rotterdam , the Netherlands. Get our newsletter Sign up to our free email to get the latest news. to : * enerkem closes a new round of financing for $76. Leading waste-to-biofuels and renewable chemicals producer, Enerkem asserted that it undertook an agreement with Sinobioway Group worth over C$125M for licenses, equipment manufacturing and sales, as well as creation of a major Joint Venture leading to the construction of 100 Enerkem state-of-the-art facilities in China by 2035. Overhead costs are all. served as financial advisors to Enerkem. White Pass. Enerkem to Lead Consortium to Develop Waste to Chemical Project in Rotterdam A waste to chemical facility is to be developed in Rotterdam following a deal involving a consortium of companies comprising Air Liquide, AkzoNobel Specialty Chemicals, Enerkem and the Port of Rotterdam. View the profiles of professionals named David Lynch on LinkedIn. In addition to new investors BlackRock and Sinobioway, existing investors also participated in this financing. 3 million through the Fonds du développement économique. Enerkem is a private company financed by leading US venture capital firms Rho Ventures and Braemar Energy Ventures, the Canadian investment fund BDR Capital and the Company's management. NAIT research partnership aims for a construction future that's waste-free Edmonton polytechnic teams up with industry to make Canada a leader in eliminating construction waste. That's exciting, because it means that not only. , a company specializing in synthetic gas and alternate fuels announces it has closed an $8. Enerkem Inc. September 9 (SeeNews) - Canada-based waste-to-biofuels and renewable chemicals company Enerkem Inc said on Wednesday it has raised CAD 152. For the year ended December 2011, BrightSource generated $159. Enerkem lands new financing for expansion. , which is currently building a full-scale commercial facility in Edmonton, using Enerkem’s proprietary. , a world leading waste-to-biofuels and chemicals producer, recently announced it has completed a C$280 million ($222. Enerkem raises its largest financing round of C$280 million in new capital February 6, 2018 For Immediate Release. Duke Energy (DUK), the second-largest utility by market capitalization, has a mean target price of $84. Enerkem is this kind of place where you belive you are doing something good for the planet and not only work to get a salary. GARETH HUGHES. served as financial advisors to Enerkem. Enerkem, a Montreal company that makes ethanol from old utility poles and household garbage, will announce Wednesday that a major independent oil refiner, Valero, has made its first investment in the company, and Waste Management, a trash-hauling company is raising its stake. 3 m * enerkem inc - financing comes from enerkem's existing investors, as well as a new investor, suncor energy inc. Enerkem Inc. This injection of additional capital will help foster. Use the PitchBook Platform to explore the full profile. Foreign investors are attracted by the beneficial tax system, by the business climate, strong financial sector, geographical location, quality of life, and, importantly, the pro-business government. We now require all subscribers to register with us the first time they log. , a leading waste-to-biofuels and chemicals producer, has completed a C$280-million (US$223 million) investment round—its largest to date. Such statements should be carefully considered, and it should be understood that many factors could cause forecasted and actual results to differ from these statements. Prior to joining Enerkem, he was Executive Vice-President and Chief Financial Officer at RONA. The company is based in Montreal and its technology converts residual materials, such as non-recyclable municipal solid waste, into clean transportation fuels, advanced chemicals and green electricity. Company has a very high potential and carreer opportunities are real. 3 million to allow sustained growth and beginning a landmark phase of its technology’s implementation with two new facilities. Cesarek brings over 20 years of knowledge and experience in strategic and commercial transactions, with 15 years in the field of renewable resource-based fuels and chemicals. In October 2016, Rotterdarm was selected as location to build a waste-to-chemicals plant by a partnership comprised of Air Liquide, AkzoNobel, AVR, Enerkem and Van Gansewinkel in collaboration with the Port of Rotterdam, the City of Rotterdam, the province of South Holland and InnovationQuarter (see post, 10/10/2016). In addition to adding new investors BlackRock and Sinobioway, existing investors also participated in the financing. announced the closing of a new round of financing totalling C$76. News provided by. They are open to partnerships with industry leaders to implement facilities that utilize municipal solid waste to produce clean fuels and renewable chemicals. "This new and. Prior to Enerkem, he served in various capacities at Wavesat Semi-Conductors, IR Photonics and LX Data Fiber Optics. announced a strategic investment by Waste Management in Enerkem, as part of Enerkem's new financing round. CHICAGO, June 1, 2011 /PRNewswire/ - Enerkem Inc. Chanele Parent Senior Financial Analyst at Enerkem Pointe-Claire, Quebec, Canada Financial Services 3 people have recommended Chanele. Jan 10 (Reuters) - Enerkem Inc : * Enerkem appoints new CFO * Named Dominique Boies as Executive Vice-President and Chief Financial Officer * Prior to joining Enerkem, Boies was Executive Vice. Conventional energy accounts for nearly one-third of Calgary’s GDP, yet renewables are fast growing contributors, diversifying our energy sector. Laurent indique 7 postes sur son profil. Enerkem Inc. , a waste-to-biofuels and chemicals producer, announced it has raised C$152. Senate Committee on Finance: 219 Dirksen Senate Office Building Washington, DC 20510-6200. of Quebec is a positive sign the industry continues to grow and develop in Canada. Prior to founding Enerkem, Mr. The company is also developing strong ties with local groups including Mississippi State University, which will be collaborating on future R&D efforts with Enerkem, and the Mississippi Technology Alliance. has completed a $222 million (C$280 million) investment round-its largest to date. com] Waste Management Inc. Our financial results may be materially affected by unanticipated tax liabilities. The company uses its proprietary technology to convert non-recyclable municipal solid waste into clean fuels and renewable chemicals. The company can also now register D3 Renewable Identification Numbers (RINs) to attach to the cellulosic ethanol, available for compliance purchase by US refiners regulated under the RFS2. Instead of splitting used hemp to re-sell, Enerkem – the company in question. Enerkem Inc. The closing of this new round of financing which generated CDN $53. A consortium of companies comprising Air Liquide, AkzoNobel Specialty Chemicals, Enerkem and the Port of Rotterdam Authority has signed a development agreement for the initial investments in an advanced waste-to-chemistry plant in Rotterdam. Enerkem raises C$50 million in latest financing round Investissement Québec joins as strategic investor , June 20, 2013 /PRNewswire/ - Enerkem Inc. Canada-based Enerkem Inc. The company has a modular and standardized manufacturing approach that enables it to launch and build new facilities internationally—more than 90 prefabricated modules. View Alex Miles' profile on LinkedIn, the world's largest professional community. , today announced a strategic investment by Waste Management in Enerkem, as part of Enerkem’s new financing round. The company is developing several cellulosic ethanol and methanol production facilities in North America and globally, based on its modular manufacturing approach. 8 million comes from Enerkem’s existing institutional investors, Rho Ventures, Braemar Energy Ventures. The development-stage company plans to produce cellulosic ethanol from municipal solid waste. A £300m “energy from waste” project in Teesside that was intended as the biggest of its kind in the world, has been dropped by the company building it. and Scotia Capital Inc. Waste-to-biofuels developer Enerkem has announced the closing of a new round of financing from its existing investors, and a new investor Suncor Energy, for a total amount of $57. See Enerkem's revenue, employees, and funding info on Owler, the world’s largest community-based business insights platform. Company has a very high potential and carreer opportunities are real. The company uses its proprietary technology to convert non-recyclable municipal solid waste into clean fuels and renewable chemicals. Its disruptive proprietary technology converts non-recyclable, non-compostable municipal solid waste into methanol, ethanol and other widely-used chemicals. View Alex Miles' profile on LinkedIn, the world's largest professional community. has obtained $47. Property Taxes. Suncor will also. plans to build and operate a second-generation biofuels production facility located in Pontotoc, Mississippi. Enerkem is this kind of place where you belive you are doing something good for the planet and not only work to get a salary. 3 M April 16, 2019 For Immediate Release. Please note that once you make your selection, it will apply to all future visits to NASDAQ. Equisoft insurance solutions integrate seamlessly with all policy administration systems. Headquartered in Amsterdam, the company has activities in more than 80 countries, and employs approximately 46,000 people. That's exciting, because it means that not only. In 2013, both Canada and the US are opening their first ever commercial-scale advanced biofuels plants, also known as biorefineries. 10 million in revenues, and. financial close. Enerkem operates 2 plants in Canada: a demonstration facility in Westbury, Quebec and the world’s first commercial scale MSW-to-biofuels and chemicals plant in Edmonton. 3 M You just read: Enerkem raises its largest financing round of C$280 million in new capital. Enerkem Inc. Financing Considerations for Commercial Solar into 2020 and Beyond Canadian Trash-to-Biofuel Firm Enerkem Files for $125 Million IPO Canadian Trash-to-Biofuel Firm Enerkem Files for $125. BlackRock and China's Sinobioway Group join as Enerkem investors;. Courtesy of Enerkem Agricultural Waste Utilization Systems Courtesy of Enerkem Jean-Michel Lavoie* and Esteban Chornet** *Industrial Research Chair on Cellulosic Ethanol **Enerkem Technologies Sherbrooke, Québec Industrial Research Chair on Cellulosic Ethanol Courtesy of Enerkem Department of Chemical Engineering Courtesy of Enerkem. Ramboll is generally recognised as the world’s leading waste-to-energy engineering consultant. 1 1 Executive summary / information memorandum This report provides information for venture capitalists that are looking to evaluate Enerkem Inc. Amazing team and challenges. Free forex prices, toplists, indices and lots more. has completed a $280 million equity and debt investment round of financing, its largest to date, with new investors, BlackRock and Sinobioway Group (北京北大未名生物工程集团有限公司), and existing investors, Rho Ventures, Braemar Energy Ventures, Waste Management of Canada, Investissement Québec (IQ), Fonds de solidarité FTQ, Cycle Capital Management, Fondaction, The Westly Group, and the National Bank of Canada. com] Waste Management Inc. , a Montreal-based waste-to-biofuels and chemicals producer, has completed a C$280 million ($222 million) investment round, which the company calls its largest to date. La compagnie montréalaise Enerkem, spécialisée dans la production de biocarburants, a annoncé vendredi le décès de Vincent Chornet, cofondateur de la firme et président de son conseil d. Quebec-based company Enerkem and the City of Edmonton are being sued by suppliers and some subcontractors who allege they were not paid in relation to the construction of a biofuel plant. As part of this financing, Valero Energy Corp. Partners start financing waste-to-chemicals project in Rotterdam, 16 February 2018 A consortium of companies comprising Air Liquide, Nouryon (previously AkzoNobel Specialty Chemicals), Enerkem and the Port of Rotterdam Authority has signed a development agreement for the initial investments in an advanced waste-to-chemicals plant in Rotterdam. Prior to joining Enerkem, he was Executive Vice-President and Chief Financial Officer at RONA. incinerators and landfills Enerkem is the only proven scalable technology capable of addressing this gap Strategically Positioned for Exceptional Growth Upstream & Downstream Markets equivalent to ~2,343 Enerkem Edmonton production lines(3) Strategically Positioned for Exceptional Growth. In December 2009, the DOE awarded Enerkem $50 million in funding to support the development and construction of a biorefinery in Mississippi and a year later signed off on an $80 million loan guarantee for the project (which will be capable of producing 10 million gallons cellulosic ethanol per year). Use the PitchBook Platform to explore the full profile. Enerkem Inc. com) is a leading waste-to-biofuels and green chemicals technology company. The Enerkem model is an intriguing one; its community-based biorefineries offer municipalities more than just an opportunity to protect and enhance the environment. Using big data to help people organize their homes and make smart financial decisions Setzo is an all-in-one home management web and mobile app that uses AI and big data to automate things at home such as building grocery lists, house chores, keeping track of your expenses, and provides smart alerts/news/reminders for urgent things. Funding Round search results. Enerkem is ready to move garbage out of the landfill and into the gas tank. With over 20 years of experience in corporate and financial strategy, investment banking and. The facility is built, owned and operated by Enerkem Alberta Biofuels, a subsidiary of Enerkem. Enerkem's proposed Rosemount refinery would turn types of solid waste that are tough to recycle or compost, including waste lumber, into a type of ethanol that can be used to fuel vehicles. Sinobioway is a leading Chinese company engaged in the bio-economy. Partners agree on initial funding to kick off waste-to-chemistry project in Rotterdam February 16, 2018. The message? Maintain the strong blending requirements, but no more misuse of waivers. See the complete profile on LinkedIn and discover Alex's connections and jobs at similar companies. Resources pertinent to property assessment and taxation for City of Edmonton residents including current tax year and the proposed outlook for the year ahead. Andrea Rossi was born in Milan, Italy, on the 3rd of June, 1950. and Scotia Capital Inc. Quebec-based company Enerkem and the City of Edmonton are being sued by suppliers and some subcontractors who allege they were not paid in relation to the construction of a biofuel plant. 3 million to allow sustained growth and beginning a landmark phase of its technology’s implementation with two new facilities. Enerkem Inc (Enerkem) is a provider of biofuels and renewable chemicals from non-recyclable waste. 6 million of debt from two other lenders, closed over the past year. Sterblue Gets Financing for Power-Grid Inspection Drones Dec 3, 2018 Sterblue, a French startup developing software that helps drones inspect power lines and wind turbines, raised $2 million in seed funding to expand in the U. Next steps will be the Quebec and Mississippi projects — and scaling up to a 38 million gallon capacity (where capex drops, according to the company, to $3. They are open to partnerships with industry leaders to implement facilities that utilize municipal solid waste to produce clean fuels and renewable chemicals. Gevo Inc (GEVO) has appointed Tim Cesarek to the newly created position of executive vice president and chief commercial officer (CCO). Enerkem Corporation 401K Plan is a defined contribution plan with a profit-sharing component and 401k feature. , which is currently building a full-scale commercial facility in Edmonton, using Enerkem’s proprietary. The plant will have twice the input capacity of Enerkem’s unit at Edmonton, Alberta. A cash budget template is a budget based on actual inflows and outflows of cash, as opposed to being based on accounting principles such as revenue recognition Revenue Recognition Principle The revenue recognition principle dictates the process and timing by which revenue is recorded and recognized as an item in the financial statements. The company also announced it has commenced the production of biomethanol from non-recyclable household garbage at its plant in Edmonton, Alberta. In early 2018, Enerkem signed an agreement with Sinobioway Group worth more than C$125m in the form of equity investment. Enerkem Inc. Enerkem 總裁兼CEO Vincent Chornet 表示:「日益增加的廢棄物量在世界各地都是很大的難題,而在中國這個問題更加亟待解決。 我們很高興在這個國家開始全球拓展,能夠與如此有聲望的商業合作夥伴攜手將廢棄物轉變成清潔運輸燃料我們感到無比高興。. 3m financing. Benjamin has 3 jobs listed on their profile. , 9th Floor San Francisco, CA 94111. (MM) stock quote and NRKM charts. There are 1,366 professionals named David Lynch, who use LinkedIn to exchange information, ideas, and opportunities. BRIEF-Enerkem achieves all production milestones at its Edmonton biofuel facility. Senate Committee on Finance: 219 Dirksen Senate Office Building Washington, DC 20510-6200. Enerkem is developing its next commercial plant in Varennes, and is launching several initiatives to export its clean technology around the world. Enerkem Inc. A consortium of companies comprising Air Liquide, AkzoNobel Specialty Chemicals, Enerkem and the Port of Rotterdam Authority has signed a development agreement for the initial investments in an advanced waste-to-chemistry plant in Rotterdam. In Canada, Enerkem Inc. Canadian biofuel producer Enerkem Inc said on Thursday it has received a $80 million loan guarantee from the U. Enerkem (NRKM) develops renewable biofuels and chemicals from waste using their proprietary thermochemical technology platform. “As Enerkem’s senior lender, we look forward to expanding our partnership through future financing opportunities as the company continues to expand its market outreach. In addition, the company announced the signing of a Memorandum of Intent with the Three Rivers Solid Waste Management Authority of Mississippi (TRSWMA) for the supply of approximately 189,000 tons of unsorted municipal solid waste (MSW) per year for use as feedstock at the. A £300m “energy from waste” project in Teesside that was intended as the biggest of its kind in the world, has been dropped by the company building it. Co-Founder, ChargePoint, Inc. It is comprised of corporate. Enerkem has 170 more employees than LanzaTech. 6 million (USD 115. Financing frenzy: Agilyx, Enerkem, TMO, OriginOil land deals, Coskata files $100 million IPO: June 7, 2011: Analyst Insight: Enerkem raises $60 million to convert MSW. , Montreal, Québec, announced the appointment of Dominique Boies as executive vice president and chief financial officer (CFO). 3 million in a new round of financing with Enerkem's existing investors, as well as a new investor, Suncor Energy Inc. Enerkem's financing round will support the company's large roll-out of current and future planned projects. ADVANCED BIOFUEL FIRM ENERKEM SECURES $54 MILLION IN NEW FINANCING Investment includes new partnership with Waste Management OTTAWA - Today's closing of CDN $54 (53. Vincent Chornet is the Cofounder, President and CEO of Enerkem, and has been the company's guiding force since its inception in 2000. 3 mln (USD1=CAD1. Découvrez le profil de Laurent Leclercq sur LinkedIn, la plus grande communauté professionnelle au monde. Canada-based Enerkem Inc. Enerkem Inc. Shawn McCarthy Global Energy Reporter. (MM) historical price data and NRKM charts. Financial Data. There are a whole bunch of passionate and talented top notch people working here. , a leading waste-to-biofuels and chemicals company, announced today the closing of C$59 million in financing. White Pass. In December 2009, the DOE awarded Enerkem $50 million in funding to support the development and construction of a biorefinery in Mississippi and a year later signed off on an $80 million loan guarantee for the project (which will be capable of producing 10 million gallons cellulosic ethanol per year). Right from ensuring proper financing throughout the phases of growth to developing a sound business model, while building & operating the world's first facility of its kind has been a challenge that Enerkem has skillfully tackled. - Comprehensive company profiles covering the product offerings, key financial information, recent developments, SWOT analysis, and strategies employed by the major market players - 1-year analyst support, along with the data support in excel format. Financial Government Solutions Legal Reuters News Agency Risk Management Solutions Tax & Accounting Blog: Answers On Innovation @ Thomson Reuters Directory of sites Login. Manufactured from waste biomass , instead of fossil sources like petroleum and natural gas , Enerkem's technology produces ethanol and renewable chemicals that are used in a broad range of industrial and consumer applications. com), a waste-to-biofuels and chemicals producer, recently announced it has successfully produced a clean, renewable bio-dimethyl ether (Bio-DME), a by-product of biomethanol, that could help address global climate change efficiently by replacing the use of diesel fuel in the transportation sector. The facility is built, owned and operated by Enerkem Alberta Biofuels, a subsidiary of Enerkem. Enerkem Inc. In addition to new investors BlackRock and Sinobioway, existing investors also participated in this financing. CLARKSDALE — Enerkem Inc. The project began in 2014 as a collaboration between AkzoNobel, several other Dutch organizations and Canadian firm Enerkem. It’s a business model in which Enerkem is getting paid to haul away the raw material, garbage from landfills, to create a new product, turning solid household waste into biomethanol. In early 2018, Enerkem signed an agreement with Sinobioway Group worth more than C$125m in the form of equity investment. Financing frenzy: Agilyx, Enerkem, TMO, OriginOil land deals, Coskata files $100 million IPO: June 7, 2011: Analyst Insight: Enerkem raises $60 million to convert MSW. The first plant is expected to start construction in 2020. Philippe Cantin Vice President Corporate Finance and Investor Relations at Enerkem Montreal, Quebec, Canada Renewables & Environment. euro stoxx 50. BioFuels Atlas is an interactive map for comparing biomass feedstocks and biofuels by location. Technoclimat Funds a Project of Enerkem Enerkem , a member of Écotech Québec, announced they received a financial assistance of $1M from the Quebec government through the program Technoclimat for an industrial demonstration of decentralized production of electricity from waste biomass and other waste. Enerkem Mississippi Biofuels Lessons learned from Enerkem's projects used to further mitigate Feedstock agreements and equity financing 19. He has also worked at the Laurentian Bank of Canada. 6 million (USD 115. , a leading waste-to-biofuels and chemicals producer, has completed a C$280-million (US$223 million) investment round—its largest to date. financial close. Vincent Chornet, as President and CEO, was the guiding force behind Enerkem's development from 2000 to 2019, obtaining over C$750 million in private financing and government support, and growing the company to 200 employees. Click here for information about XBRL software and viewing XBRL financial statements. Founded in 2000, the Enerkem technology converts pretreated municipal solid waste into transportation fuels and chemicals. Residential & Neighbourhoods information. Company CEO Vincent Chornet noted, in speaking with the Digest last summer, that the company had a full order book, but the price was unattractive. Enerkem Inc. Enerkem raises its largest financing round of C$280 million in new capital February 6, 2018 For Immediate Release. Waste-to-energy company Enerkem Inc. 3 m * enerkem inc - financing comes from enerkem's existing investors, as well as a new investor, suncor energy inc. Shawn McCarthy Global Energy Reporter. Enerkem Inc. Enerkem's financing round, for which Credit Suisse will act as theagent, comes on the heels of $130 million in financial support from the USDepartment of Agriculture and Department of Energy for a plant in Pontotoc,Mississippi that is expected to break ground later this year. The facility is projected to create more than 100 jobs. 6 Million in Private Equity Round. Enerkem is one of the most advanced green technology companies. Enerkem to Lead Consortium to Develop Waste to Chemical Project in Rotterdam A waste to chemical facility is to be developed in Rotterdam following a deal involving a consortium of companies comprising Air Liquide, AkzoNobel Specialty Chemicals, Enerkem and the Port of Rotterdam. Financing frenzy: Agilyx, Enerkem, TMO, OriginOil land deals, Coskata files $100 million IPO: June 7, 2011: Analyst Insight: Enerkem raises $60 million to convert MSW. Renewi was created in 2017 by the merger of Shanks Group plc and Van Gansewinkel Groep B. Montreal-based Enerkem and Royal Dutch Shell are joining two other companies and the Port of Rotterdam in a commercial-scale project to convert non-recyclable waste materials into chemicals and biofuels. com) is a leading waste-to-biofuels and green chemicals technology company. Two new plants — being developed by. A Comprehensive Insurance Offering. Such statements should be carefully considered, and it should be understood that many factors could cause forecasted and actual results to differ from these statements. The company is developing several cellulosic ethanol and methanol production facilities in North America and globally, based on its modular manufacturing approach. , a world leading waste-to-biofuels and chemicals producer headquartered in Montréal, completed a C$280 million investment round-its largest to date. Enerkem operates a full-scale commercial facility in Edmonton, Canada as well as both an innovation centre and a pilot facility in Quebec. Éco Entreprises Québec (ÉEQ) is a private non-profit organization that represents the companies that place containers, packaging and printed matter on the market in Québec in their responsibility to finance the costs of effective and efficient municipal curbside recycling services. We've got a number of options to fund the next Enerkem. 3 million (€5 million). Enerkem's financing round, for which Credit Suisse acted as agent, will support the company's large roll-out of current and future planned projects. Enerkem is a Montreal-based cleantech company. 7m) in financing. Enerkem Inc, a Montréal-based producer of biofuels and renewable chemicals from waste, has secured $280 million, its largest round to date. For six years, Enerkem has been among the. 6 million (USD 115. Its exclusive clean technology transforms refuse such as non-recyclable municipal solid waste, construction debris and residues from used electricity poles into clean fuels and advanced chemicals. The new funds will be used to support Enerkem ’s growth plan, including initiating the construction of its second waste to biofuels plant. View Alex Miles' profile on LinkedIn, the world's largest professional community. , a company specializing in synthetic gas and alternate fuels announces it has closed an $8. Enerkem Inc. •Enerkem waste-to-biofuels facility costs: Enerkem's responsibility •Key terms for future Reclaimed Water Service Agreement: delivery, quality, quantity, use, Sewer Availability Charge (SAC), Industrial Waste discharge fee, service interruption, service fees, Enerkem financial guarantee, permits, insurance,. , a leading waste-to-biofuels and chemicals company, announced today the closing of US$60 million in financing. served as financial advisors to Enerkem. Montreal based Enerkem Inc. Business and Industry Guaranteed Loan (B&I) Program. Start a brand new career with proven support, flexibility -- and no limits. 97m) financing , which brings total equity investment raised by Enerkem in 2013 to C$87 million. Financial Considerations There are no financial implications associated with this report as it is for information purposes only. Our technology uses waste materials normally destined to. Enerkem Closed Another C$76. One of the leading companies, Enerkem has developed a disruptive technology that converts non-recyclable municipal solid waste (i. The financing comes from Enerkem's existing investors, as well as a new investor, Suncor Energy Inc. Enerkem has a significant cost advantage vs. Canada-based large scale energy company Suncor has joined the Enerkems shareholders through the present financing. (NYSE: WM) and EB Investments for Enerkem Alberta Biofuels L. Petrogas Energy Corp. Enerkem (www. Our highly qualified employees are proud to be part of a company that is renowned throughout the world. The prominent vendors covered in the report include BioMCN, Carbon Recycling International, Enerkem. 8 million comes from Enerkem’s existing institutional investors, Rho Ventures, Braemar Energy Ventures. Feb 6 (Reuters) - Enerkem Inc: * ENERKEM RAISES ITS LARGEST FINANCING ROUND OF C$280 MILLION IN NEW CAPITAL Source text for Eikon: Further company coverage: Our Standards:The Thomson Reuters Trust.