Investing in Sustainable Gas Technologies for a Greener Future
Key Ideas
- French companies GTT and Engie invest €4 million in CryoCollect for gas handling technologies.
- CryoCollect pioneers CO2 capture from biogas for sustainable fuel production and industrial processes.
- GTT and Engie's commitment to innovation and sustainability drives investments in energy transition technologies.
- GTT's venture fund also supports Energo in developing plasma catalysis for green hydrogen and biofuels production.
French companies GTT and Engie have jointly invested €4 million in CryoCollect, an engineering company specializing in gas handling technologies for biomethane, CO2, and hydrogen. CryoCollect focuses on designing gas treatment and liquefaction processes for various gases, including biomethane and hydrogen. The company's innovative approach includes capturing CO2 from biogas, transforming it into liquid biogenic CO2 for sustainable industrial applications. This investment aligns with GTT and Engie's dedication to supporting sustainable technologies for energy transition. CryoCollect's CEO expressed enthusiasm for the partnership, highlighting the synergies with both investors. GTT's strategic ventures have also backed Energo, a startup working on plasma catalysis for renewable energy production like green hydrogen. Overall, these investments aim to accelerate the development and adoption of greener energy solutions in various sectors.