Enerkem raises C$50m in latest financing

Enerkem, a waste-to-biofuels and renewable chemicals company, has closed a C$50 million ($51.97m) financing, which brings total equity investment raised by Enerkem in 2013 to C$87 million. As part of this financing, institutional fund Investissement Québec joins existing investors Waste Management of Canada, Rho Ventures, Braemar Energy Ventures, The Westly Group, Cycle Capital, Fonds de solidarité FTQ and Fondaction, who each increased their investment in Enerkem with this new equity financing round.