Dive Brief:
- Montreal-based Enerkem appointed Robert Shaw as its new vice president and chief financial officer. Shaw most recently was CFO of the privately held equipment manufacturer Southwest Oilfield Products.
- Enerkem makes biofuels and renewable chemicals from municipal solid waste.
- President and CEO Vincent Chornet said Shaw '"will play a prominent role as we expand globally and implement our next advanced biorefineries."
Dive Insight:
Enerkem is poised to expand, as Shaw's "experience covers treasury, investor relations, financial planning and analysis, operational finance, risk management as well as mergers and acquisitions," Solid Waste & Recycling reported.
The clean-tech company announced this month that it has reached a "pivotal operational milestone" with the launch of commercial production of biomethanol from municipal waste at its facility in Edmonton, Canada.
Chornet told The Globe and Mail at that time, "We are about to fundamentally transform the waste industry over the coming years and allow energy and chemical groups access to a new and competitive source of renewable carbon."
The next step is to construct a unit that will allow the company to convert methanol to ethanol, a biofuel additive for gasoline. Ethanol production should begin in late 2016, spokeswoman Marie-Hélène Labrie said.
