Enerkem appoints new Chief Financial Officer

MONTREAL, Feb. 18 /PRNewswire/ - Enerkem Inc., a leading waste-to-biofuels and advanced chemicals technology company, today announced that Mr. Patrice Ouimet has joined the company as Vice-President and Chief Financial Officer.

Mr. Ouimet brings a wealth of knowledge to Enerkem's current seasoned team of executives, with substantial experience in corporate strategy, corporate development and investment banking. Prior to joining Enerkem, Mr. Ouimet was Vice-President, Corporate Development and Enterprise Risk Management for Gildan Activewear, an international apparel manufacturer and marketer. As a Chartered Accountant, Mr. Ouimet began his career with Ernst & Young. He later worked in the investment banking sector, where he provided strategic and financial advice on mergers and acquisitions as well as capital markets transactions to a diversified client base, primarily in the industrial and paper & forest products sectors. Mr. Ouimet was Director, Mergers and Acquisitions at Lazard and Director, Investment Banking at CIBC World Markets.

"I am thrilled to welcome Patrice Ouimet to Enerkem. He is an experienced finance executive and his knowledge of capital markets transactions and manufacturing brings valuable skill sets to our company," said Vincent Chornet, President and Chief Executive Officer of Enerkem. "Mr. Ouimet's versatile experience will prove to be a great asset for Enerkem, as a growing company that is fast becoming a leader in an even faster developing advanced biofuels industry."

About Enerkem

Enerkem is a leading waste-to-biofuels company. Its proprietary thermo-chemical technology converts residual materials, such as non-recyclable municipal solid waste, into clean transportation fuels, advanced chemicals and electricity. The company was founded in 2000 and currently operates two plants in Canada: a pilot facility in Sherbrooke and a commercial-scale plant in Westbury. It will soon start the construction of a waste-to-biofuels plant in Edmonton, Canada, and is currently developing a similar project in Mississippi, for which it was awarded US$50 million in funding by the U.S. Department of Energy (DOE). www.enerkem.com

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SOURCE Enerkem Inc.