Waste-to-Biofuels Producer Announces New Project Partnership in China

Enerkem Inc. (Canada), a waste-to-biofuels and chemicals producer, today announced it has signed an agreement with Qingdao City Construction Investment Group Co. Ltd. to develop a project partnership to jointly build a municipal solid waste-to-biofuels facility in Qingdao.

The agreement was signed by Mr. Luzheng Xing, Director General, Qingdao City Construction Investment Group, and Mr. Vincent Chornet, President and CEO of Enerkem. This additional project partnership for Enerkem in China was announced in the presence of the Governor of Shandong, Mr. Guo Shuqing, and the Premier of Quebec, Mr. Philippe Couillard. It follows two previous project partnerships confirmed by Enerkem yesterday during the Quebec government's trade mission in China.

"We are proud to combine forces with our esteemed partner in Qingdao to address local waste challenges and transform garbage into clean transportation fuels," said Vincent Chornet, President and CEO of Enerkem. "Our modular waste-to-biofuels facilities can be replicated in any community as a competitive and sustainable alternative to incineration or landfilling. We are thrilled to export this game-changing technology to China."

In this new project partnership, Enerkem will license its exclusive technology to convert local urban waste from China into biofuels and chemicals. The final business structure and sites are under discussions and will be announced at a later time.