GTT Strategic Ventures/Engie invest in biogas capture technology

GTT Strategic Ventures, the GTT Group investment fund dedicated to supporting sustainable tech champions, has participated in a €4 million financing round to support the development of CryoCollect, a French engineering company specialised in gas handling technologies.
This investment was made alongside Engie New Ventures, Engie’s investment fund for innovative startups which help accelerate the energy transition.
The new investors join the founder and historic shareholders of CryoCollect.
Since its creation in 2017, CryoCollect has specialised in the design and engineering of gas treatment, liquefaction and separation technologies for gases such as biomethane, carbon dioxide and hydrogen.
CryoCollect has built a multidisciplinary team of engineers and researchers, combining high-level scientific expertise with robust industrial knowhow.
The company has especially pioneered the capture, purification and liquefaction of carbon dioxide contained in exhaust gases from anaerobic digestion (biogas), enabling the production of liquid biogenic CO₂.
Such biogenic CO₂, which is part of the natural short carbon cycle, can replace fossil CO₂ in industrial processes which require CO₂ as a feedstock, such as the food & beverage industry or the production of synthetic fuels.
Philippe Berterottière, chairman and CEO of GTT, declared: “Investing in CryoCollect aligns with GTT’s commitment to innovation and pioneering smart technologies that contribute to building a sustainable world.
"We are thrilled with this investment, poised to accelerate CryoCollect’s developments in sustainable gas production, thereby expanding the availability of bioLNG and bioCO2.
"This advancement will play a pivotal role in producing of low-carbon fuels for the maritime industry. CryoCollect marks the sixth minority investment for GTT Strategic Ventures, our investment fund dedicated to future climate tech champions.”
Haytham Sayah, CEO and co-founder of CryoCollect commented: “At CryoCollect, we are passionate about innovation. Since our inception in 2017, we have been committed to developing cutting-edge technologies in the field of energy, focusing on purification, liquefaction, and the valorisation of natural resources to reduce environmental impacts. Engie and GTT are natural partners for us and we are delighted to welcome them on board.
"GTT has decades of experience in building a robust and efficient engineering and Technology Company. While Engie embraces a large array of activities (in biogas production, energy efficiency in the industry, bioLNG, etc.) that have a great fit with our portfolio of technologies. Both investors are strongly committed to accelerating the energy transition.”