Indian biofuels tech firm GPS Renewables acquires German company Proweps
In India, Outlook India reported that Indian biofuels technology firm GPS Renewables has acquired Germany-based Proweps Envirotech, a design and engineering company that specializes in technologies to utilize municipal and industrial organic waste and for biogas production.
According to the report, GPS Renewables has set up over 100 biogas plants across India.
Meanwhile, Proweps’ flagship projects include the largest organic waste-to-biogas power project in the UK, located at Poplars landfill site, and the largest organic waste-based RNG plant in Scandinavia, located at Västeras, Sweden.
“This acquisition not only reinforces our mission of fostering a cleaner and more sustainable world but also aligns strategically with our objectives. Having closely collaborated with the Proweps team, we are confident that this integration will prove to be an ideal fit for GPS Renewables. We look forward to working with the team to make an even larger impact in this field,” said Mainak Chakraborty, CEO and co-founder of GPS Renewables.
Category: Fuels
