ENGIE invests in two “innovative startups”
ENGIE's New Ventures programme - an investment fund for innovative startups - has invested in two companies in the renewables sector.
The first is French startup CryocCollect. According to ENGIE, the firm has developed a highly efficient process for capturing the carbon that is released from biogas purification, as well as an innovative method for liquefying the resultant biomethane.
The recovered CO2, which is of food-grade quality, can be used for various applications (beverage carbonation, fertiliser production, etc.) instead of being released into the atmosphere.
The second is British company Wase, whose patented technology increases the methane production from biomass by 30%, even from previously untreatable waste, said ENGIE. This boosts yields, making previously unviable projects feasible.
This is particularly beneficial for ENGIE, which operates methanisation units in the UK.
In September, the Group acquired Ixora Energy, a leader in the biomethane market in England.
The first is French startup CryocCollect. According to ENGIE, the firm has developed a highly efficient process for capturing the carbon that is released from biogas purification, as well as an innovative method for liquefying the resultant biomethane.
The recovered CO2, which is of food-grade quality, can be used for various applications (beverage carbonation, fertiliser production, etc.) instead of being released into the atmosphere.
The second is British company Wase, whose patented technology increases the methane production from biomass by 30%, even from previously untreatable waste, said ENGIE. This boosts yields, making previously unviable projects feasible.
This is particularly beneficial for ENGIE, which operates methanisation units in the UK.
In September, the Group acquired Ixora Energy, a leader in the biomethane market in England.
