Enerkem Inc., a global leader in biofuels production from solid waste, closed last April a new round of financing totalling C$76.3 million. The financing comes from Enerkem’s existing investors, as well as a new investor, Suncor Energy Inc. 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.
Royal Dutch Shell will join a consortium of world-leading companies comprising Air Liquide, Nouryon (formerly AkzoNobel Specialty Chemicals), Enerkem and the Port of Rotterdam as a partner in Europe’s first advanced waste-to-chemicals facility in Rotterdam, the Netherlands. Shell will become an equal equity partner in the proposed commercial-scale waste-to-chemicals (W2C) project, which will be the first of its kind in Europe to make valuable chemicals and bio-fuels out of non-recyclable waste materials.