GTT Strategic Ventures Supports CryoCollect's Sustainable Gas Technologies
Key Ideas
  • GTT Strategic Ventures and Engie New Ventures invest €4 million in CryoCollect to support the development of gas handling technologies.
  • CryoCollect specializes in gas treatment, liquefaction, and separation technologies for biomethane, carbon dioxide, and hydrogen.
  • The investment aims to accelerate CryoCollect's sustainable gas production, particularly in the maritime industry, by expanding the availability of bioLNG and bioCO2.
  • The collaboration between CryoCollect, GTT, and Engie highlights a commitment to innovation and the energy transition towards more sustainable practices.
GTT Strategic Ventures, the investment fund of the GTT Group supporting sustainable tech champions, has participated in a €4 million financing round to enhance CryoCollect, a French engineering company focused on gas handling technologies. This investment, alongside Engie New Ventures, aims to boost the energy transition through innovative startups. CryoCollect, founded in 2017, specializes in gas treatment technologies for various gases, including biomethane, carbon dioxide, and hydrogen. They have developed expertise in capturing, purifying, and liquefying carbon dioxide from anaerobic digestion processes, enabling the production of liquid biogenic CO2. This eco-friendly CO2 can replace fossil fuels in industrial processes like food & beverage and synthetic fuel production. The investment from GTT and Engie will propel CryoCollect's advancements in sustainable gas production, with a focus on bioLNG and bioCO2 for low-carbon fuel production in the maritime sector. Philippe Berterottière, GTT's chairman, highlights the alignment of this investment with GTT's dedication to innovative technologies for a sustainable world. Haytham Sayah, CEO of CryoCollect, expresses enthusiasm in partnering with GTT and Engie, leveraging their expertise to accelerate the energy transition and reduce environmental impacts through cutting-edge technologies.
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