(News Bulletin 247) – Engie announced on Thursday that it has invested, through its venture capital fund Engie New Ventures, in TreaTech, a Swiss start-up specializing in the production of biogas.
The energy group explains that it has completed a nine million euro financing round for TreaTech, including in particular the shipping company CMA CGM, with the aim of enabling the company to accelerate the industrialization of its technology.
Created in 2015 within the Ecole Polytechnique de Lausanne, TreaTech produces renewable gas by treating industrial liquid waste and municipal wastewater through hydrothermal gasification.
Its process has the advantage of allowing a rapid reaction (a few minutes instead of tens of days for methanation), as well as the ability to eliminate bacteria, viruses or pathogenic products and to treat plastic microparticles, including PFAS, or ‘eternal pollutants’.
As a reminder, Engie has set itself the objective of stepping up its development in renewable gases by increasing its biomethane production capacity in Europe to 10 TWh per year by 2030.
Copyright (c) 2023 News Bulletin 247. All rights reserved.
I have over 8 years of experience working in the news industry. I have worked as a reporter, editor, and now managing editor at 247 News Agency. I am responsible for the day-to-day operations of the news website and overseeing all of the content that is published. I also write a column for the website, covering mostly market news.
