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.

About Enerkem

Enerkem produces biofuels and renewable chemicals from waste. Its disruptive proprietary technology converts non-recyclable, non-compostable municipal solid waste into methanol, ethanol and other widely-used chemicals. Headquartered in Montreal(QC), Canada, Enerkem operates a full-scale commercial facility in Alberta as well as an innovation centre in Quebec. Enerkem's facilities are built as prefabricated systems based on the company's modular manufacturing infrastructure that can be deployed globally. Enerkem's technology is a prime example of how a true circular economy can be achieved by diversifying the energy mix and by making everyday products greener while offering a smart, sustainable alternative to landfilling and incineration. For more information, visit www.enerkem.com.

For more information

Media Relations
Pierre Boisseau
Senior Director, Communications and Marketing
Enerkem Inc.
(514) 875-0284

About Braemar Energy Ventures

Braemar Energy Ventures is a venture capital firm focused on making investments in the energy technology sector. The firm's principals have invested in more than 60 companies in the sector and have more than 100 years of combined technical, operational and financial experience in energy and energy-related industries. Braemar partners with exceptional companies and management teams, in both alternative and traditional energy markets, which can contribute to a more profitable and efficient energy landscape through innovation and marketplace expertise. Additional information is available at www.braemarenergy.com.

For more information

Jacqueline Schofield
Prosek Partners
Office: (203) 541-0903
Mobile: (508) 259-4474