Enerkem's latest funding haul takes the amount it has raised this year to C$88m.
Waste recycling company Enerkem, which is backed by oil group Valero Energy and Waste Management, a US-listed garbage collection company, has raised C$29m ($29.4m), divided equally between equity and debt.
Venture firm Westly Group as well as Fondacion CSN and Quince Associates helped Enerkem, which converts waste to biofuels, to raise the additional funds. The latest funding follows a consortium including Valero and Waste Management, investing C$59m ($60m) in Enerkem. Venture capital firms Rho Ventures, Braemar Energy Ventures and…
