GPS Renewables Acquires Germany Based Proweps Envirotech
Bengaluru : GPS Renewables, a Bengaluru headquartered biofuels technology company, has acquired Germany-based Proweps Envirotech GmbH, a leading design and engineering company that specializes in technologies to utilize municipal and industrial organic waste and agri-residue for biogas production. Biogas is one of the most important sources of energy from a climate perspective, as it can be further upgraded to produce RNG (also known as bioCNG or CBG), which is a cleaner alternative for CNG or clean electricity. Proweps has extensive international experience in the construction business of waste treatment, anaerobic digestion and biogas upgrading plants.
GPS Renewables has been at the forefront of biofuel technology and project development to accelerate the substitution of fossil fuels with biofuels, spanning biogas, RNG, 2G ethanol and green hydrogen. The company has setup over 100 biogas plants, including Asia’s largest RNG plant based on MSW (Municipal Solid Waste) in Indore, Madhya Pradesh, which was inaugurated by the Honourable Prime Minister of India, Shri Narendra Modi. GPS Renewables has established itself as one of India’s leading biofuels firms with strong focus on R&D having secured patents in the field. The acquisition of Proweps further solidifies GPS Renewables’ position as a leading global fullstack biofuels firm.
Founded by Dieter Korz and Michael Donderer, the leadership team of Proweps has over 25 years of experience in all areas related to the international and environmental process engineering plant construction business. The company has successfully executed 150+ large-scale turnkey projects worldwide, specializing in waste recycling, anaerobic digestion, and biomethane production. Proweps’ flagship projects includes 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. The first phase of Västeras RNG plant began in 2007, and the CSTR-digester has been continuously operational for 15 years without any interruptions. Proweps has been a trusted technological and engineering partner for GPS Renewables’ biogas projects in India. As a part of the deal, the Proweps leadership will continue to work with the GPS Renewables’ team to establish Proweps as the go-to biogas design and engineering firm for project developers across the world.
Commenting on the acquisition, Mainak Chakraborty, CEO and Co-Founder, GPS Renewables, said, “GPS Renewables continues to explore new ways to deploy cutting-edge technologies to solve the organic waste and agro residue management challenge and accelerate the substitution of fossil fuel with bio-energy. 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”
Dieter Korz, Managing partner, Proweps, said, “Proweps was founded with a mission to create efficient solutions and services that provide maximum recovery of resources from all streams of waste by diverting it away from landfills and sending it to the right destinations. Over the last several years, we have created a significant impact in the field of international waste management and renewable energy. This collaboration presents an exciting opportunity for us to take our vision to the next level and further amplify our positive impact. We are very glad to strengthen and continue our success- and trustful cooperation in the future with the GPS team ”