MONTREAL, Feb. 16 /CNW Telbec/ - Enerkem Inc., a leading
waste-to-biofuels company, was named one of the World's 50 Most Innovative Companies for 2011 by Fast Company Magazine, in a list that includes Apple, Twitter and Google.
"To create the Most Innovative Companies list, Fast Company's editorial team analyzed information on thousands
of businesses across the globe," said Robert Safian, Fast Company's
Editor. "The result is a package unlike that of any other business
media. It's not just about revenue growth and profit margins. We strive
to identify creative models and progressive cultures in order to define
the many forms of innovation that exist across the business landscape."
"It's an honour to be ranked among such amazing innovators that include
household names," said Vincent Chornet, Enerkem's President and Chief
Executive Officer. "Enerkem was founded on the belief that people can
live sustainable lives through energy innovation. We are thrilled to be
recognized for this and our work in making trash into transportation
fuels and advanced chemicals a reality."
This announcement is one in a line of good news for the company. The
U.S. Department of Agriculture and the U.S. Department of Energy have
announced a combined US$130 million in financial support, building on
investments from significant partners: Rho Ventures, Braemar Energy
Ventures, Waste Management, Cycle Capital and BDR Capital. In August
2010, the company broke ground on the world's first commercial
municipal solid waste-to-biofuel facility, located in Edmonton, Alberta
(Canada) and now looks forward to the groundbreaking of a twin
biorefinery in Pontotoc, Mississippi (U.S.) later this year. Enerkem
has been named one of the 50 Hottest Companies in Bioenergy by Biofuels Digest for two years in a row and a 2010 Global Cleantech 100 Company by the
Cleantech Group and The Guardian.
Enerkem is a leading waste-to-biofuels company. Its proprietary clean
technology converts waste, such as unrecyclable household garbage,
demolition debris and residues from used utility poles, into clean
transportation fuels and advanced chemicals. Founded in 2000, the
company currently operates two plants in Canada: a pilot facility
in Sherbrooke, QC and a commercial demonstration plant in Westbury, QC.
In August 2010, Enerkem started construction of its waste-to-biofuels
plant in Edmonton, AB, Canada, which was awarded CAD$23 million in
funding from the Government of Alberta and the City of Edmonton. The
company is developing simultaneously a similar project in Mississippi,
U.S.A., for which it was awarded US$50 million in funding by the U.S.
Department of Energy (DOE) and US$80 million in loan guarantee by the
U.S. Department of Agriculture (USDA). Enerkem was named a 2010 Global Cleantech 100 company and recognized as one of the 50 Hottest Companies in Bioenergy for two years in a row. www.enerkem.com
SOURCE ENERKEM INC.
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