Enerkem has secured $255 million in financing, led by Repsol's investment, to enhance the deployment of its innovative gasification technology for biofuels and circular chemicals.

Target Information

Enerkem, a leading company in the production of low-carbon intensity biofuels and circular chemicals derived from waste materials, has recently secured $255 million in financing. This funding is aimed at accelerating the deployment and growth of its innovative gasification technology. Enerkem’s unique approach transforms non-recyclable waste into valuable products, supporting a more sustainable future.

Headquartered in Montreal, Quebec, Canada, Enerkem operates a commercial demonstration plant in Edmonton and is currently constructing a large-scale facility in Varennes. The company’s technology not only recycles urban waste but also agroforestry byproducts, showcasing its potential to diversify energy and chemical portfolios while mitigating environmental impact.

Industry Overview in Canada

Canada is recognized for its increasing focus on renewable energy and sustainable practices, particularly in the biofuels and circular economy sectors. With a growing emphasis on reducing greenhouse gas emissions, various government initiatives and private sector investments are b