Repsol led the waste-to-biofuel technology provider’s largest round in four years and plans to collaborate with it on Iberian projects.

Canada-based waste-to-biofuel technology producer Enerkem has raised C$255m ($202m) in an equity and convertible debt round led by oil and gas producer Repsol.

Repsol’s provided approximately $59.4m in equity and $75.2m in convertible note financing while Monarch Alternative Capital and Avenue Capital Group each put up $23.7m in convertible debt financing and unnamed existing shareholders put up another $19.8m in equity funding.

Enerkem converts non-recyclable solid waste into biofuels and renewable chemicals for a range of uses, including ethanol and…

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Fernando Moncada Rivera

Fernando Moncada Rivera is a reporter at Global Corporate Venturing and also host of the CVC Unplugged podcast.
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