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Sinobioway invests $100m in biofuel producer Enerkem

CTBR Staff Writer Published 22 January 2018

Sinobioway Group has signed an agreement to invest C$125m ($100.27m) in Enerkem, a Canada-based producer of biofuels and renewable chemicals from waste.

The two companies will form a joint venture that is expected to result in the construction of 100 new biofuel facilities across China by 2035.

The investment made by Sinobioway will also cover future licenses, equipment manufacturing and sales.

Sinobioway's investment is also anticipated to support the expansion of Enerkem's global growth by opening the Chinese market to Enerkem's waste-to-biofuels technology. 

Sinobioway chairman Aihua Pan said: "We are excited to partner with a leading Canadian cleantech company to help meet our country's commitment to reducing greenhouse gas emissions and move towards renewable energy.”

The joint venture is expected to contribute to the reduction air pollution through the production of renewable fuels from non-recyclable garbage.

Enerkem president and CEO Vincent Chornet said: "Our breakthrough clean technology produces a much needed low-carbon transportation fuel and sustainable waste management solution to help China achieve its climate change objectives.

"We are proud to collaborate with a leading Chinese bio-industrial partner to expand our commercial footprint."

Enerkem produces methanol and ethanol from solid municipal waste. The company was founded in 2000 and is headquartered in Montreal, Canada. It has about 200 employees in Canada and the US, according to its website.

Last year in September, the company started commercial operations at its Edmonton biofuels facility where cellulosic ethanol is produced. 

Sinobioway is a Chinese company that mainly invests in bio-energy, bio-environmental protection, bio-medicine, bio-agriculture, bio-service, bio-manufacturing, and bio-intelligence areas.

With a workforce of 4000 employees, it is one of the three main industrial groups affiliated with Peking University.