Waste Management invests in Enerkem
Instal Biz reports that Waste Management Inc. and Enerkem Inc. announced an investment by Waste Management in Enerkem, as part of Enerkem’s new financing round. The new round generated CAN $53.8 million from Enerkem’s investors. Enerkem will use the funds to support its growth plan, including beginning the construction of its second waste-to-biofuels plant. Enerkem’s thermo-chemical technology aims to helps convert waste materials into biofuels such as ethanol.
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