Enerkem and Sinobioway Group create a joint venture to build over 100 biofuel facilities in China

24-Jan-2018 - China

Enerkem Inc. announced it has signed an agreement with Sinobioway Group worth over C$125M in the form of equity investment in Enerkem Inc., future licenses, equipment manufacturing and sales, as well as for the creation of a major joint venture that will lead the construction of over 100 Enerkem state-of-the-art facilities in China by 2035. The announcement was made in the presence of the Premier of Quebec, Philippe Couillard, during his China trade mission.

Sinobioway, a flagship conglomerate in China's bio-industry, will help accelerate Enerkem's global growth by opening the Chinese market to Enerkem's pioneering waste-to-biofuels technology. This joint venture will spearhead the development of a clean economy, reducing air pollution by producing renewable fuels from non-recyclable garbage.

"Our breakthrough clean technology produces a much needed low-carbon transportation fuel and sustainable waste management solution to help China achieve its climate change objectives," said Vincent Chornet, President and CEO of Enerkem. "We are proud to collaborate with a leading Chinese bio-industrial partner to expand our commercial footprint."

"We are excited to partner with a leading Canadian cleantech company to help meet our country's commitment to reducing greenhouse gas emissions and move towards renewable energy," said Dr. Aihua Pan, Sinobioway's Chairman.

Other news from the department business & finance

These products might interest you

Berghof - Reactor Controller

Berghof - Reactor Controller by Berghof

High-performance heating system: Precision for small reactors up to 300 ml

Discover auto-tuning, intelligent stirring and air cooling for precise process control

heating systems
Berghof Reaktortechnologie - Hoch- und Niederdruckreaktoren, Druckbehälter und metallfreie Reaktoren

Berghof Reaktortechnologie - Hoch- und Niederdruckreaktoren, Druckbehälter und metallfreie Reaktoren by Berghof

Safe high- and low-pressure systems for aggressive media

Corrosion-resistant reactors with PTFE lining - individually configurable

high pressure reactors
Loading...

Most read news

More news from our other portals

So close that even
molecules turn red...