Hartree Partners (UK) Limited (Hartree), a wholly owned subsidiary of Hartree Partners LP, which is co-owned by its partners and funds managed by Oaktree Capital Management, has signed an acquisition agreement for a 50% share in Botres Holding GmbH and its subsidiaries (Botres).
Headquartered in Graz, Austria, Botres is a key supplier of industrial biogas plants and biorefineries in Austria, Czech Republic, Poland, Italy, Spain and Turkey.
Through Bio Scraper, its highly efficient biowaste treatment system, Botres covers the entire processing chain from pre-treatment of all types of organic waste to the efficient production of green energy.
Since being founded in 2012, Botres has built numerous biogas plants across Europe and Turkey and serves some of the world’s largest waste management and infrastructure companies.
Botres is led by its founders Dr. Stefan Kromus and Dr. Markus Grasmug, who serve as managing directors.
Jointly, Dr. Kromus and Dr. Grasmug have over 40 years of experience in the design, development, construction, and operation of waste focused biomethane plants.
Hartree is partnering with Botres to develop a European biomethane production business with a focus on Renewable Energy Directive (RED)-compliant feedstocks, which will operate under the Botres brand.
The business will focus asset development activities in select countries within the EU and will expand into additional countries on an opportunity-led basis.
"We are excited to partner with Botres, whose innovative technology and proven track record in the biogas space make them an excellent partner for our team as we enter the European biomethane production market," said Stephen Hendel, founding managing partner of Hartree Partners LP.
Dr. Kromus said: "We are thrilled to embark on this new chapter with Hartree Partners. This partnership presents a significant opportunity to accelerate the growth of our biomethane production business and solidify Botres' position as a leading player in the industry.
"We are confident that by combining our expertise and resources, we can deliver exceptional results for our stakeholders and contribute meaningfully to Europe's transition towards a more sustainable energy future."
Hartree Partners acquires 50% Share in Botres Holding
