Key investors raise their participation in Enerkem Alberta Biofuels by C$37 million as facility welcomes first employees

"With plant commissioning expected to begin this summer, it's exciting to see the facility's first employees join the Enerkem team and start their technical training", said Vincent Chornet, president and CEO of Enerkem. "We are impressed by the quality and calibre of the candidates we are attracting as part of our recruitment process."

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. (NYSE: WM) and EB Investments for Enerkem Alberta Biofuels L.P.: "We're glad to see Waste Management and EB Investments strengthen their relationship with us by increasing their direct investment in the Edmonton facility", added Mr. Chornet. "This is further validation of Enerkem's business model and leadership position in the market for waste-to-fuels and chemicals."

About Enerkem

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. Enerkem is currently building a full-scale waste-to-biofuels facility in Edmonton, Alberta, and is developing similar facilities in North America and globally. Enerkem's technology and facilities help diversify the energy mix and make greener everyday products while offering an alternative to landfilling. www.enerkemweb.wpengine.com 

For more information about Enerkem Alberta Biofuels:
www.enerkemweb.wpengine.com/en/facilities/plants/edmonton-alberta-canada
www.edmontonbiofuels.ca/

Image with caption: "The Enerkem Alberta Biofuels facility is currently under construction in Edmonton, Alberta, Canada (CNW Group/ENERKEM INC.)". Image available at: http://photos.newswire.ca/images/download/20130116_C6181_PHOTO_EN_22622.jpg

SOURCE: ENERKEM INC.