EPFL Startup TreaTech is working on a patented technology that enables converting various waste streams into valuable resources in a sustainable and cost-efficient manner. The capital injection from its series A financing round will support technology advancements and expanding the customer base.
The round was led by Engie New Venture (ENV) and Montrose Environmental Group (NYSE: MEG), with the participation of the EIC Fund, Sipchem Europe, CMA CGM Fund for Energies and Holdigaz. “We are pleased that industrial public listed multinationals share our vision and ambitions for the future. We are grateful for their investment which allows us to further develop our technology, extend our product offering to more clients, and raise awareness of the importance of circular waste treatment solutions,” said Frédéric Juillard, CEO of TreaTech.
Founded in 2015 by life sciences and chemical engineers, TreaTech developed and patented a technology that uses hydrothermal gasification (HTG) to convert waste streams that are usually incinerated into integral products, such as fresh water for industrial and consumer use, minerals including phosphorous, nitrogen and potassium used for fertiliser, and crucially a constant supply of methane-rich renewable gas that can be used as an onsite energy solution or injected into the grid network. The technology is designed to harness the power of the circular economy, mitigate climate change, and support the global energy transition towards renewable gases.
“We believe our innovative technology unlocks the future of waste treatment processes. By embedding modular and circular solutions into existing waste treatment processes, we are able to extract the maximum value of waste outputs. We have already validated our technology against multiple sectors and proved that our product could transform waste streams into high-value resources,» said Juillard.
Steve Woodard, Chief Innovation Officer at Montrose Environmental Group, said: “We are pleased to support TreaTech and expand Montrose’s R&D leadership as we work to help address the world’s most challenging environmental concerns. TreaTech is pioneering more efficient ways to transform waste into methane-rich renewable gas, clean water and valuable minerals. Given our focus on lower carbon intensity energy and impacts on water quality and access, we look forward to supporting Frédéric and his team in their important mission and continued expansion to new markets, including the United States.”
(Press release/RAN)
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