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Enerkem, Sinobioway JV Plans Chinese Biofuel Facilities (Int'l)
Enerkem,Sinobioway
Date: 2018-01-22
Montreal-based bifuels and renewable chemicals from wastes specialist Enerkem Inc. reports Sinobioway Group will make a $125 million (Cdn) equity investment in Enerkem Inc., future licenses, equipment manufacturing and sales, as well as for the creation of a major joint venture that will lead the construction of over 100 Enerkem state-of-the-art facilities in China by 2035.

Bejing-based Sinobioway, a flagship conglomerate in China's bio-industry, will help accelerate Enerkem's global growth by opening the Chinese market to Enerkem's pioneering waste-to-biofuels technology. This joint venture will spearhead the development of a clean economy, reducing air pollution by producing renewable fuels from non-recyclable garbage. Sinobioway primarily invests in bio-energy, bio-environmental protection, bio-medicine, bio-agriculture, bio-service, bio-manufacturing, and bio-intelligence sectors. (Source: Enerkem, PR, Markets Insider, Others, 22 Jan., 2019) Contact: Sinobioway Group, en.sinobioway.com.cn; Enerkem Inc. Vincent Chornet, Pres., CEO, Annie Pare, Communications, (514) 875-0284 X 251, apare@enerkem.com, www.enerkem.com

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