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 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
514-375-7800
communications@enerkem.com

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.