Enerkem announces total financing reached C$88 (US$90) million in 2011
Additional C$29 (US$30) million recently raised
Advertisement
Enerkem Inc. announced the closing of C$29 (US$30) million in additional financing through corporate equity (C$14.5 million) and corporate debt (C$14.2 million) transactions. As part of the equity financing round, The Westly Group, Fondaction CSN and Quince Associates, L.P. join existing investors Valero Energy Corp., Waste Management, Rho Ventures, Braemar Energy Ventures and Cycle Capital, who had each invested in the recently announced C$59 (US$60) million equity tranche.
“The closing of this financing round brings our total amount raised this year to C$88 million, which will allow Enerkem to further develop its commercial activities”, said Vincent Chornet, President and CEO of Enerkem. “This financing along with our full-scale commercial plants underway solidify our company’s leading position in the growing clean transportation fuels and biochemicals market.”
Most read news
Organizations
Other news from the department business & finance

Get the chemical industry in your inbox
By submitting this form you agree that LUMITOS AG will send you the newsletter(s) selected above by email. Your data will not be passed on to third parties. Your data will be stored and processed in accordance with our data protection regulations. LUMITOS may contact you by email for the purpose of advertising or market and opinion surveys. You can revoke your consent at any time without giving reasons to LUMITOS AG, Ernst-Augustin-Str. 2, 12489 Berlin, Germany or by e-mail at revoke@lumitos.com with effect for the future. In addition, each email contains a link to unsubscribe from the corresponding newsletter.
Most read news
More news from our other portals
Last viewed contents

Nearly 200-year-old challenge in polymers solved in major materials breakthrough - Researchers defy materials science rules with molecules that release stored length to decouple stiffness and stretchability
EU chemical industry: Good year 2007, slowdown expected for 2008
Invensys Selects Three Process Manufacturers to Receive Digital Coriolis Flowmeters at No Cost
Borealis successfully launched inaugural bond
GPC Biotech AG announces fiskal 2000 Year-End Results

50th Anniversary at JULABO GmbH - JULABO Celebrates with a Multi-Day Event Package
Air Liquide: new contract and investments strengthen market position in Germany

Hydrogen march! The Energy Carrier of the Future is Obtained at LIKAT from a Simple Ester - Unexpectedly powerful start

Astech Projects Ltd. - Runcorn, United Kingdom

Kaiser Optical Systems, Inc. - Ann Arbor, USA
Closer cooperation between CyBio and Roche - New dispensing technology for HTS systems
