Company that transforms garbage into ethanol attracts big investors

For the past several years, Montreal-based company Enerkem has been working on a way to make ethanol from old utility poles and household garbage. Earlier this week, the company announced that they have received $60 million in new financing from the major independent oil refiner Valero and the trash-hauling company Waste Management. Total investment in Enerkem is now $130 million.

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