The agreement was signed by Dr. Donghan Jin, President of Shanghai Marine Diesel Engine Research Institute, and Mr. Vincent Chornet, President and CEO of Enerkem. This announcement was made in the presence of the Premier of Quebec, Mr. Philippe Couillard, as part of the Quebec government's trade mission in China.
"We are honoured to be working with such a distinguished group. Combining SMDERI'S expertise in equipment manufacturing and fuel ethanol distribution with our own strength in the conversion of waste to ethanol will create powerful synergies," said Vincent Chornet, President and CEO of Enerkem. "The deployment of our disruptive technology in this market to produce clean transportation fuels from a variety of waste feedstocks also demonstrates that Enerkem's global export capacity can help sustainably address the growing issue of waste disposal in China."
In this new project partnership, Enerkem will license its exclusive technology to convert a variety of waste feedstocks into biofuels and chemicals. The final business structure and sites are under discussions and will be announced at a later time.
About Enerkem Inc.
Enerkem makes biofuels and renewable chemicals from waste. With its proprietary technology, Enerkem converts non recyclable municipal solid waste into methanol, ethanol and other widely used chemical intermediates. Headquartered in Canada, Enerkem operates both a demonstration plant and a pilot facility in Quebec and is beginning operations at Enerkem Alberta Biofuels, its first full-scale commercial facility. The company is developing additional biorefineries in North America and globally, based on its modular manufacturing approach. Enerkem's technology and facilities help diversify the energy mix and make everyday products greener while offering a sustainable alternative to landfilling and incineration. www.enerkemweb.wpengine.com
About Shanghai Marine Diesel Engine Research Institute
Shanghai Marine Diesel Engine Research Institute ("SMDERI"), founded in 1963, is under the direct jurisdiction of China Shipbuilding Industry Corporation, one of China's largest shipbuilding and ship repairing groups. SMDERI is not only a state research institute on marine diesel engine in China, but also is an enterprise group engaged in R&D, manufacturing, service and project contract. Its main strategic business areas include diesel engine, stirling engine, power system integration, ship automation system, energy saving and environmental protection equipment, and energy service. The main products developed and produced by SMDERI take the leading position in China, with a market covering more than 30 countries and regions. The total assets of SMDERI nearly reach 1 billion USD, and the revenue is more than 460 million USD in 2013. The Institute has a total staff of 2359 people.
SOURCE ENERKEM INC.
Annie Paré, Director of Communications, Enerkem Inc., +1 514 875-0284, x. 251,
apare@enerkem.com
