GTT Strategic Ventures and Engie invest with CryoCollect

GTT Strategic Ventures and Engie New Ventures invest €4 million in CryoCollect, reinforcing their commitment to gas treatment technologies for a sustainable energy transition.

Share:

TT Strategic Ventures et Engie investissent dans le gaz séparé avec CryoCollect.

The energy transition is a major challenge for the 21st century, requiring innovative technologies to reduce greenhouse gas emissions and promote renewable energies. CryoCollect, founded in 2017, specializes in the design and engineering of processing, liquefaction and separation technologies for gases such as biomethane, carbon dioxide and hydrogen.

Pioneering Technology

CryoCollect stands out for its advanced technologies for capturing, purifying and liquefying biogenic CO2. This CO2, integrated into the natural carbon cycle, replaces fossil CO2 in various industrial processes, notably in the food industry and the production of synthetic fuels. With over a dozen references on the market, CryoCollect’s CO2 capture technology is the most widespread in the sector.

Strategic support for CryoCollect

The investment of 4 million euros by GTT Strategic Ventures and Engie New Ventures testifies to the confidence of players in the energy sector in CryoCollect’s innovative capabilities. Philippe Berterottière, Chairman and CEO of GTT, emphasizes that this investment is in line with GTT’s commitment to innovation and the development of intelligent technologies contributing to a sustainable world. This investment is aimed at accelerating CryoCollect’s developments in the field of sustainable gas production.

Future prospects

The future of the energy transition depends on continuous innovation in gas processing and liquefaction. CryoCollect is extending its expertise to other sectors, such as industrial and on-board CO2 capture, and methane liquefaction for the transport of biomethane as a sustainable fuel. This technological development is crucial to reducing our carbon footprint and promoting the use of renewable gases. By developing innovative solutions for gas treatment, CryoCollect actively contributes to the energy transition and the reduction of environmental impact.

The Bayou Bend project, led by Chevron, Equinor, and TotalEnergies, aims to become a major hub for industrial carbon dioxide storage on the US Gulf Coast, with initial phases already completed.
US-based Chloris Geospatial has raised $8.5M from international investors to expand its satellite-based forest monitoring capabilities and strengthen its commercial position in Europe, addressing growing demand in the carbon market.
The federal government is funding three carbon capture, utilisation and storage initiatives in Alberta, strengthening national energy competitiveness and preparing infrastructure aligned with long-term emission-reduction goals.
Donald Trump approves a substantial increase in US tax credits aimed at carbon capture and utilization in oil projects, significantly reshaping economic outlooks for the energy sector and drawing attention from specialized investors.
The European Union unveils a plan aimed at protecting its exporting industries from rising carbon policy costs, using revenue generated from its border adjustment mechanism.
Colombia is experiencing a significant drop in voluntary carbon credit prices due to a major oversupply, destabilizing the financial balance of associated communities and projects.
France and Norway sign an agreement facilitating the international transport of CO₂ to offshore geological storage facilities, notably through the Northern Lights project and the CO₂ Highway Europe infrastructure.
Frontier Infrastructure Holdings has signed an offtake agreement with manager Wild Assets for up to 120 000 tonnes of BECCS credits, underscoring the voluntary market’s growing appetite for traceable, high-permanence carbon removals.
Global carbon capture and offset credit markets could exceed $1.35 trillion by 2050, driven by private investment, technological advances, and regulatory developments, according to analysis published by Wood Mackenzie.
The Australian carbon credit market is experiencing temporary price stabilization, while the emergence of new alternative financial instruments gradually attracts corporate attention, subtly altering the commercial and financial dynamics of the sector.
Norway has launched a major industrial project aimed at capturing, maritime transport, and geological storage of CO₂, mobilizing key energy players and significant public subsidies to ensure economic viability.
A €21mn European grant, managed by EIB Global, will fund Egyptian projects aimed at cutting industrial emissions and boosting recycling, while a related €135mn loan is expected to raise additional climate investments.
Stockholm Exergi begins construction of a CO₂ capture facility in Stockholm, integrated with the expansion of Northern Lights in Norway, reaching a total storage capacity of 5 million tonnes per year by 2028.
Global emissions coverage by carbon pricing systems reaches 28%, driven by expanding compliance markets, where demand nearly tripled within one year, according to a World Bank report.
Vietnam initiates a pilot carbon market targeting steel, cement, and thermal energy industries to prepare for nationwide regulation starting in 2029.
The U.S. Environmental Protection Agency (EPA) proposes granting Texas direct authority to issue carbon dioxide injection permits, potentially accelerating the commercial expansion of geological CO₂ storage projects.
Höegh Evi and Aker BP received Approval in Principle from DNV for a maritime carrier designed to transport liquefied CO₂ to offshore storage sites in Norway.
Norne and the Port of Aalborg begin construction of a 15 mn tonne per year CO2 terminal, supported by an EU grant.
The Lagos State government has launched a programme to deploy 80 million improved cookstoves, generating up to 1.2 billion tonnes of tradable carbon credits.
The US Department of Energy has cancelled 24 projects funded under the Biden administration, citing their lack of profitability and alignment with national energy priorities.