CryoCollect Raises €4 Million for CO2-Focused Cleantech Startup in Paris
Key Ideas
  • CryoCollect, a Paris-based startup, has secured €4 million in investments from Engie New Ventures and GTT Strategic Ventures.
  • The company specializes in capturing, purifying, and liquefying gases like biomethane, carbon dioxide, and hydrogen, supporting industries like Food & Beverage and synthetic fuels.
  • The technology developed by CryoCollect focuses on producing liquid biogenic CO2 from anaerobic digestion off gas, aiding in the decarbonization of hard-to-abate sectors.
  • Engie New Ventures' Managing Director expressed enthusiasm for CryoCollect's technology, emphasizing its role in the energy transition and carbon management in the biogas industry.
CryoCollect, a CO2-focused cleantech startup based in Paris, has successfully raised €4 million in funding, with investments from Engie New Ventures and GTT Strategic Ventures. The company, established in 2017, specializes in developing technologies for gas treatment, purification, and liquefaction, targeting gases like biomethane, carbon dioxide, and hydrogen. CryoCollect's focus lies in capturing, purifying, and liquefying carbon dioxide from anaerobic digestion off gas, enabling the production of liquid biogenic CO2. This sustainable CO2 can replace fossil CO2 in various industrial processes, including applications in the Food & Beverage industry and the production of synthetic fuels. The CEO of CryoCollect, Haytham Sayah, expressed excitement in partnering with Engie and GTT, recognizing their shared commitment to accelerating the energy transition and aligning with CryoCollect's technology portfolio. Engie New Ventures' Managing Director, Johann Boukhors, highlighted the significance of CryoCollect's technology in carbon management, emphasizing the role of recycling CO2 natural resources in advancing the energy transition. Additionally, Camille Bonenfant-Jeanneney, Managing Director of Engie Renewable Gases Europe, praised CryoCollect's energy-efficient CO2 capture technology for enabling zero emissions from anaerobic digesters, thus supporting the decarbonization of the industry through biogenic CO2 valorization.
ADVANCEH2

Our vision is to be the world's leading online platform for advancing the use of hydrogen as a critical piece needed to deliver net-zero initiatives and the promise of a clean H2 energy future.

© 2024 AdvanceH2, LLC. All rights reserved.