GTT Strategic Ventures Invests in CryoCollect for Sustainable Gas Technologies
Key Ideas
- GTT Strategic Ventures invests 4 million € in CryoCollect, a French engineering company specializing in gas handling technologies.
- CryoCollect focuses on gas treatment, liquefaction, and separation technologies for bio-methane, carbon dioxide, and hydrogen, with a strong emphasis on sustainable practices.
- The partnership between GTT, Engie New Ventures, and CryoCollect aims to accelerate the development of technologies for low-carbon fuels for the maritime industry.
- CryoCollect's innovative CO2 capture technology for biogas is already in use in various industries, demonstrating the practical application of sustainable gas solutions.
GTT Strategic Ventures, in collaboration with Engie New Ventures, has invested in CryoCollect, a French engineering company specializing in gas handling technologies. CryoCollect, established in 2017, focuses on designing and engineering gas treatment, liquefaction, and separation technologies for gases like bio-methane, carbon dioxide, and hydrogen. The company has successfully pioneered CO2 capture technology for biogas, allowing for the production of liquid biogenic CO2 to replace fossil CO2 in various industrial processes. With a multidisciplinary team of experts, CryoCollect is expanding its applications to accelerate the energy transition, including CO2 capture on vessels, BioLNG liquefaction, and sustainable fuel production. Philippe Berterottière, Chairman and CEO of GTT, expressed excitement about the investment, highlighting CryoCollect's role in developing sustainable gas technologies for the maritime industry. CEO and co-founder of CryoCollect, Haytham Sayah, emphasized the commitment to innovation and environmental impact reduction. The partnership between GTT, Engie, and CryoCollect showcases a shared dedication to advancing sustainable solutions in the energy sector.
Topics
Investing
Investment
Energy Transition
Engineering
Maritime Industry
Sustainable Technology
CO2 Capture
Bio-methane
Liquefaction
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