BEIJING, January 22, 2018 /PRNewswire/ --
Enerkem Inc. (http://www.enerkem.com), a world leading
waste-to-biofuels and renewable chemicals producer, announced today
it has signed an agreement with Sinobioway Group worth over
C$125M in the form of equity
investment in Enerkem Inc., future licenses, equipment
manufacturing and sales, as well as for the creation of a major
joint venture that will lead the construction of over 100 Enerkem
state-of-the-art facilities in China by 2035. The announcement was made in
the presence of the Premier of Quebec, Philippe
Couillard, during his China
trade mission.
Sinobioway, a flagship conglomerate in China's bio-industry, will help accelerate
Enerkem's global growth by opening the Chinese market to Enerkem's
pioneering waste-to-biofuels technology. This joint venture will
spearhead the development of a clean economy, reducing air
pollution by producing renewable fuels from non-recyclable
garbage.
"Our breakthrough clean technology produces a much needed
low-carbon transportation fuel and sustainable waste management
solution to help China achieve its
climate change objectives," said Vincent Chornet, President and CEO
of Enerkem. "We are proud to collaborate with a leading Chinese
bio-industrial partner to expand our commercial footprint."
"We are excited to partner with a leading Canadian cleantech
company to help meet our country's commitment to reducing
greenhouse gas emissions and move towards renewable energy," said
Dr. Aihua Pan, Sinobioway's
Chairman.
Sinobioway is a leading Chinese company engaged in the
bio-economy. This group primarily invests in bio-energy,
bio-environmental protection, bio-medicine, bio-agriculture,
bio-service, bio-manufacturing, and bio-intelligence areas. With
4,000 employees, it is one of the three main industrial groups
affiliated with Peking University. The company was founded in 1992
and is based in Beijing,
China.
About Enerkem
Enerkem produces biofuels and renewable chemicals from waste.
Its disruptive proprietary technology converts non-recyclable,
non-compostable municipal solid waste into methanol, ethanol and
other widely-used chemical intermediates. Headquartered in
Montreal (QC), Canada, Enerkem operates a full-scale
commercial facility in Alberta as
well as an innovation centre in Quebec. Enerkem's facilities are built as
prefabricated systems based on the company's modular manufacturing
infrastructure that can be deployed globally. Enerkem's technology
helps diversify the energy mix and make everyday products greener
while offering a smart, sustainable alternative to landfilling and
incineration.
Media Relations : Pierre Boisseau, Senior Director,
Communications and Marketing, Enerkem inc., 514 875-0284,
pboisseau@enerkem.com