Varennes closes $750 million financing round for a total financing of $1.2 billion

Stikeman Elliott acted as counsel to Varennes Cellulosic Ethanol L.P. (“Varennes”), a cellulosic ethanol plant in Varennes, Quebec, with its $1.2B equity and debt financing with current shareholders, including Suncor, Shell, Investissement Québec and Proman, and the Canada Infrastructure Bank.

Gowling WLG Canada acted as counsel to CIB. Stein Monast LLP acted as counsel to IQ, IQ Equity Holdco and IQ Financing Holdco.


Maxime Jacquin Vanessa Coiteux Aaron Fransen Kelly Niebergall Franco Gadoury Myriam Fortin


Stikeman Elliott LLP Gowling WLG Stein Monast L.L.P.