Enerkem, a leading waste-to-biofuels and chemicals company based in Montréal, has filed with the SEC for its initial public offering of stock to raise an estimated $125 million.
With its proprietary thermochemical technology, Enerkem converts municipal solid waste (mixed textiles, plastics, fibers, wood and other non-recyclable waste materials) into chemical-grade syngas, and then methanol, ethanol and other chemical intermediates that form everyday products.
By using waste instead of fossil fuels, Enerkem addresses the growing demand for renewable energy sources and chemicals, while reducing landfill volumes and greenhouse gas emissions.
Headquartered in Montréal, Enerkem currently operates both a pilot and a commercial demonstration facility in Québec, has its first waste-to-biofuels full-scale commercial plant under construction in Edmonton, Alberta, and is developing several similar facilities in the U.S. and Canada that will convert municipal solid waste into biofuels and chemicals.
Enerkem was recently voted 7th hottest company in bioenergy.