Enerkem Named One of World’s 50 Most Innovative Companies by Fast Company
February 16, 2011
For Immediate Release
MONTREAL, Quebec (February 16, 2011) — 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 has developed and is marketing its breakthrough technology to produce, from non-recyclable waste, circular chemicals and advanced biofuels intended for hard to decarbonize sectors, such as sustainable aviation and marine fuels. Headquartered in Montreal, Quebec (Canada), Enerkem operates a full-scale commercial demonstration plant in Edmonton, Alberta, as well as an innovation centre in Quebec. A large-scale commercial facility is currently under construction in Varennes, Quebec (Canada) which will use Enerkem’s technology. This also applies to agroforestry waste that, like urban waste, can be recycled into new products. Such technology can therefore diversify energy and chemical portfolios, as well as produce greener everyday products. It also provides a smart and sustainable alternative to landfilling and incineration. For more information, visit www.enerkem.com, follow us on Twitter @Enerkem or visit our LinkedIn or Facebook page.
For more information
- Enerkem Media Contact
About Braemar Energy Ventures
Founded in 2003, Braemar Energy Ventures is a leading venture capital firm focused on transformative energy-tech and related companies contributing to global sustainability and combating climate change. Using sector expertise and experience, Braemar aims to be an engaged partner with its portfolio companies to best help them navigate the path to significant global impact. For more information, visit braemarenergy.com or follow @BraemarEnergy on Twitter.