October 1, 2021. Suez and Prodeval combine their expertise and create a joint venture to treat and recover biogas produced by the methanization of organic waste and wastewater treatment plant sludge and market it in France and abroad.
Suez Group has supported the development of Prodeval since 2016 as an investor and strategic partner. In 2021, Suez increased its shareholding through a capital increase of 40% in Prodeval to enable the company to accelerate its international development in the agricultural and industrial markets and to support the expansion of its equipment range. The creation of a joint venture represents a further step in this collaboration. It will notably focus on the development of new solutions for public players to develop green mobility (distribution of bioNGV), at the interconnection of rural and urban regions.
Biogas, a 100% green energy produced and distributed locally, is one of the solutions offered to different players to reduce their carbon footprint. Biogas results from the biological deterioration of organic materials. When it is purified, biomethane, a renewable energy substitute for natural gas, a fossil fuel, is obtained. The compressed or liquefied biomethane can then be injected into the network and used as green fuel in many types of vehicles. Biogas is produced from two types of activity: treatment of agricultural residues by methanization, the market addressed directly by Prodeval, and treatment of the organic fraction of household waste and wastewater sludge, the market addressed by the new joint venture.
Diane Galbe, Suez Group SEVP, in charge of Strategy and the Smart & Environmental Solutions Global Business Unit: “In the face of the climate emergency, biomethane is a decarbonized energy which promotes regional energy independence. While the transport industry represents a quarter of greenhouse gas emissions in Europe, the use of carbon-freebioNGV would enable a reduction in CO2 emissions of up to 80% and 75% of atmospheric pollutants.”
