Enerkem Files for Proposed Initial Public Offering

February 3, 2012

For Immediate Release

Goldman, Sachs & Co., Credit Suisse Securities and BMO Capital Markets will act as joint bookrunners.

MONTRÉAL, Canada, (February 3, 2012) – Enerkem Inc., a waste-to-biofuels and chemicals company, announced today that it has filed a registration statement on Form F-1 with the U.S. Securities and Exchange Commission and a preliminary prospectus with securities regulatory authorities in each of the provinces and territories of Canada, relating to a proposed initial public offering of its common shares in the United States and in Canada. Goldman, Sachs & Co., Credit Suisse Securities and BMO Capital Markets will act as joint bookrunners. The number of shares to be offered and the price range for the offering have not yet been determined.

The offering will be made only by means of a prospectus. Copies of the Canadian and U.S. preliminary prospectuses related to the offering may be obtained, when available, from the related prospectus department of:

Canada

Goldman Sachs Canada Inc.
Prospectus Department
200 West Street
New York, NY, 10282
via telephone: 1-866-471-2526,
or via email at prospectus-ny@ny.email.gs.com
Credit Suisse Securities (Canada), Inc.
Prospectus Department
1 First Canadian Place
Suite 2900, P.O.Box 301
Toronto, Ontario
Canada M5X 1C9
via telephone: 1-416-352-4799,
or via email at ecm.canada@credit-suisse.com
BMO Nesbitt Burns Inc.
Investment & Corporate Banking
1 First Canadian Place
100 King Street West, 4th Floor
Toronto, ON, M5X 1H3
via telephone: 1-800-414-3627,
or by email at bmoprospectus@bmo.com

United States

Goldman, Sachs & Co.
Prospectus Department
200 West Street
New York, NY, 10282
via telephone: 1-866-471-2526,
or via email at prospectus-ny@ny.email.gs.com
Credit Suisse Securities (USA) LLC
Prospectus Department
One Madison Avenue
New York, NY, 10010
via telephone: 1-800-221-1037,
or via email at newyork.prospectus@credit-suisse.com
BMO Capital Markets Corp.
Prospectus Department
3 Times Square, 27th Floor
New York, NY, 10036
via telephone: 1-800-414-3627,
or by email at bmoprospectus@bmo.com

The U.S. registration statement on Form F-1 may also be accessed directly from the U.S. Securities and Exchange Commission. The Canadian preliminary prospectus is also available on SEDAR.

A registration statement relating to these securities has been filed with the U.S. Securities and Exchange Commission but has not yet become effective. A preliminary prospectus has also been filed with the securities regulatory authorities in each of the provinces and territories of Canada but is still subject to completion or amendment and has not yet become final for the purposes of a distribution to the public in Canada. These securities may not be sold in the United States or in any province or territory of Canada nor may offers to buy be accepted in the United States or Canada prior to the time the registration statement becomes effective in the United States and a receipt for the final prospectus has been issued in Canada.

This release shall not constitute an offer to sell or the solicitation of an offer to buy, nor shall there be any sale of these securities, in any state, province, territory or other jurisdiction in which such offer, solicitation or sale would be unlawful prior to registration or qualification under the securities laws of any such state, province, territory or jurisdiction.

About Enerkem

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 owns a full-scale commercial facility in Alberta as well as a demonstration plant and a pilot facility in Quebec. 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.For more information, visit www.enerkem.com.

For more information

General Inquiries
Marie-Hélène Labrie
Vice President, Government Affairs and Communications
Enerkem Inc.
(514) 875-0284, x231
mlabrie@enerkem.com

About Braemar Energy Ventures

Braemar Energy Ventures is a venture capital fund making early- to mid-stage 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, that can contribute to a more profitable and efficient energy landscape through innovation and marketplace expertise. Additional information is available at BraemarEnergy.com or on Twitter at twitter.com/braemarenergy or @BraemarEnergy.

For more information

Alison McIntyre
Prosek Partners
(212) 279-3115 x269
amcintyre@prosek.com