SUEZ supports the ETIA Group to become an European leader in the production of green energy from waste
SUEZ, through its Corporate Investment Fund SUEZ Ventures, is investing in the ETIA Group through a joint shareholding in ETIA alongside the Race For Water Foundation on one side, and in the start-up COGEBIO, alongside Demeter 3A and ETIA on the other side. The aim of these investments, totalling €4.2m, is to support the ETIA Group’s development in France and internationally and to create a full range of solutions for the production of green energy.
The market in renewable energies from biomass and waste is growing rapidly in France, Europe and internationally, particularly in the industrial sector, boosted by favourable economic and regulatory environments. Consumption of biomass for industrial heat production, for instance, has doubled in the last five years in Europe and is set to reach 20 million tonnes in 2021.
The investments in ETIA and COGEBIO will make it possible to build on the technical and commercial skills of the SUEZ Group in order to roll out a comprehensive decentralised energy production offering (using solid, gaseous and liquid fuels) from all types of biomass and dry waste (wood, sludge, plastics, Solid Recovered Fuels, etc.). These innovative processes will allow clients – industrial companies, local authorities and tertiary companies – to meet their heating and electricity needs while ensuring low emission of particulates into the air, the neutrality of CO2 emissions and a return on investment within three to five years.
These investments fit in perfectly with the strategy of SUEZ, a key player in the circular economy. They allow the Group to expand its production of green, decentralised energy by developing new ways of recovering collected and transformed waste.
Group Senior VP Innovation, Marketing & Business Performance
“The joint shareholding with SUEZ Ventures not only represents a mark of confidence from a corporate fund specialising in ‘waste to energy’ issues, but also a fantastic boost for the ETIA Group in positioning itself as a leading company in the conversion of biomass and waste into high value-added products and energy” says Olivier Lepez, Chairman of ETIA and COGEBIO.