Environmental Services Firm Makes 22% Investments in Partner : SUEZ Acquires Stake in French Biogas Technology Firm PRODEVAL
French biogas firm PRODEVAL has secured an investment from SUEZ Ventures, which is acquiring a 22% minority share through a financial investment in the company.
Based in Châteauneuf-sur-Isère, France, family PRODEVAL is said to have achieved strong growth in 2015 through the development and sale of its VALOPUR® product, which recovers the biogas produced by the methanation of organic waste and sewage sludge as biomethane.
The VALOPUR technology for the purification of biogas is based on high-performance membranes, and is claimed to be able to reach a purification efficiency in excess of 99%, meaning that less than 1% of the methane is lost.
The purified biogas is then transformed into natural gas for vehicles or biomethane that can be injected into urban natural gas networks.
SUEZ noted that the production of biomethane is growing strongly in France and Europe, where it is driving the development of renewables thanks to its performance in terms of reduced greenhouse gas emissions.
PRODEVAL and SUEZ have previously collaborated on the recovery of biogas produced by the methanation of sewage sludge.
Since 2015, the companies have won several joint contracts, including one for the construction of a biomethane production unit in Grenoble, which was inaugurated on 24 September, and other references in Angers, La-Roche-sur-Foron, Annecy and Quimper.
“SUEZ Venture’s acquisition of a share in PRODEVAL will consolidate our collaboration and support the development of this innovative young company on the high-growth biomethane market in France and abroad, by speeding up the commercial deployment of its VALOPUR product,” commented Eric Landais, managing director of SUEZ Ventures.
“This technology of the future offers a new form of local and renewable energy to local authorities that will help them in their energy transition,” he continued.
Sébastien Paolozzi, managing director of PRODEVAL added: “The acquisition of a minority stake in PRODEVAL’s capital by SUEZ Ventures will speed up our growth in order to propose a durable response to the market’s demands, and to develop R&D and export activities, while remaining independent and reactive. ”
Read More
Renault Recycling & Energy Recovery Contract Extension for SUEZ in Morocco
Environmental services firm, SUEZ and Groupe Renault have renewed a deal for the global management of waste from the car manufacturer’s two production plants in Tangier and Somaca (Casablanca), Morocco.
Weholite Water Tanks Installed at SUEZ’s St Denis Waste to Energy Plant in Cornwall
Two advanced Weholite modular tanks have been installed to help manage the complex water flows at SUEZ’s 240,000 tonne per year St Denis waste to energy plant in Cornwall, UK.
Moroccan Landfill Rehabilitation & Recycling Facility Contract for SITA
The Meknes municipal authority in Morocco has commissioned SITA Atlas to rehabilitate its household waste landfill site and to build and operate a waste elimination and recycling facility.
