GPS Renewables acquires Germany-based Proweps Envirotech

economictimes.indiatimes.com:

GPS Renewables, a Bengaluru headquartered biofuels technology company, has acquired Germany-based Proweps Envirotech GmbH, for an undisclosed amount. Proweps Envirotech GmbH is a 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 bioCNG or compressed biogas (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 set up over 100 biogas plants, including Asia’s largest renewable natural gas (RNG) plant based on MSW (Municipal Solid Waste) in Indore, Madhya Pradesh.

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.

“This acquisition not only reinforces our mission of fostering a cleaner and more sustainable world but also aligns strategically with our objectives," said Mainak Chakraborty, CEO and Co-Founder, GPS Renewables, adding that the company is confident that this integration with Proweps will prove to be an ideal fit for GPS Renewables. 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