China’s Sinobioway invest C$125 million in Enerkem

In Canada, Enerkem announced it has signed an agreement with Sinobioway Group worth over C$125 million 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.