Enerkem signed a C$125 million agreement with Sinobioway Group to establish a joint venture aimed at building over 100 waste-to-biofuel facilities in China by 2035.
Target Information
Enerkem Inc. is a prominent producer of waste-to-biofuels and renewable chemicals, renowned for its innovative technology that transforms non-recyclable municipal solid waste into valuable resources such as methanol and ethanol. The company is headquartered in Montreal, Quebec, Canada, and operates a full-scale commercial facility in Alberta, along with an innovation center in Quebec. Enerkem's advanced modular manufacturing infrastructure allows for global deployment of its facilities, actively contributing to the diversification of the energy mix and the reduction of landfill waste.
Industry Overview in China
The bioeconomy in China has been rapidly evolving, driven by the government’s commitment to sustainability and environmental protection. The country has been increasingly investing in renewable energy and technologies that can mitigate climate change effects. With the rise of public awareness and the stringent regulatory framework being introduced, the bio-energy sector is uniquely positioned for growth in the coming years.
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China's biofuel industry is seeing significant advancements as the nation seeks to reduce its reliance on fossil fuels and enhance energy security. Major investments are flowing into technologies that convert waste into energy, as the go
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Sinobioway Group
invested in
Enerkem Inc.
in 2018
in a Joint Venture deal
Disclosed details
Transaction Size: $97M