ENGIE New Ventures and GTT Strategic Ventures invest €4 million in the French startup CryoCollect to enhance sustainable gas treatment and CO2 capture technologies supporting the energy transition.
Target Information
Founded in 2017, CryoCollect is a French startup specializing in the engineering and design of technologies for gas treatment, purification, and liquefaction. The company focuses on gases such as biomethane, carbon dioxide, and hydrogen, leveraging a team of multidisciplinary engineers and researchers who combine extensive scientific expertise with strong industrial knowledge.
CryoCollect has been at the forefront of developing technologies for carbon dioxide capture, purification, and liquefaction from biogas derived from anaerobic digestion. This innovation enables the production of liquid biogenic CO2, which is part of a natural short carbon lifecycle and can replace fossil CO2 in various industrial processes, particularly in the Food & Beverage sector and in the production of synthetic fuels. To date, CryoCollect’s CO2 capture technology boasts the highest number of project deployments in its field.
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Industry Overview
The gas treatment and liquefaction industry in France is increasingly pivotal in the transition towards cleaner energy solutions. As the nation commits to reducing carbon emissions, companies in this sector are innovating continuously to provide
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ENGIE New Ventures
invested in
CryoCollect
in 2024
in a Series A deal
Disclosed details
Transaction Size: $4M