SHANGHAI, Oct. 27, 2014 /PRNewswire/ -- Enerkem Inc. (www.enerkem.com), a waste-to-biofuels and chemicals producer, today announced it has signed a memorandum of understanding ("MOU") with Shanghai Environmental Group Co. Ltd., a municipal solid waste management company and a subsidiary of Shanghai Chengtou Holding Co. Ltd., to develop a project partnership to jointly build municipal solid waste-to-biofuels and chemicals facilities in China.
The MOU was signed by Mr. Yan Xiao Fei, Chairman of Shanghai Environmental Group, and Mr. Vincent Chornet, President and CEO of Enerkem. This announcement was made in the presence of the Premier of Quebec, Mr. Philippe Couillard, as part of the Quebec government's trade mission in China.
"Mounting waste volumes are a challenge everywhere but an even more pressing issue in China. We are glad to begin our global expansion in this country and to work with such a prestigious business partner to transform waste into clean transportation fuels," said Vincent Chornet, President and CEO of Enerkem. "Our value proposition makes sound business sense for industrial groups and this project partnership in China is a prime example of the strong export potential of Enerkem's technology."
In this new project partnership, Enerkem will license its exclusive technology to convert local urban waste from China into biofuels and chemicals. The final business structure and sites are under discussions and will be announced at a later time.
About Enerkem Inc.
Enerkem makes biofuels and renewable chemicals from waste. With its proprietary technology, Enerkem converts non recyclable municipal solid waste into methanol, ethanol and other widely used chemical intermediates. Headquartered in Canada, Enerkem operates both a demonstration plant and a pilot facility in Quebec and is beginning operations at Enerkem Alberta Biofuels, its first full-scale commercial facility. The company is developing additional biorefineries in North America and globally, based on its modular manufacturing approach. Enerkem's technology and facilities help diversify the energy mix and make everyday products greener while offering a sustainable alternative to landfilling and incineration. www.enerkem.com
Annie Pare, Director of Communications, Enerkem Inc., +1-514-875-0284, x. 251, apare@enerkem.com
