Hartree Partners (UK) acquires 50% stake in Botres Holding to bolster European biomethane production
Hartree Partners (UK) Limited, a subsidiary fully owned by Hartree Partners LP and backed by funds managed by Oaktree Capital Management, has recently announced a groundbreaking acquisition. The company has signed an agreement to acquire a 50% share in Botres Holding GmbH, a leading supplier of cutting-edge industrial biogas plants and biorefineries located in Graz, Austria, along with its subsidiaries. This acquisition signifies a pivotal shift for Hartree as it dives into the renewable energy sector, particularly focusing on biomethane production across Europe.
Botres Holding GmbH, with operations extending across Austria, Czech Republic, Poland, Italy, Spain, and Turkey, is renowned for its Bio Scraper technology. This highly efficient biowaste treatment system encompasses the entire processing chain from the pre-treatment of all types of organic waste to the production of green energy, positioning Botres at the forefront of the industry since its inception in 2012.
The collaboration between Hartree Partners and Botres is set to develop a robust European biomethane production business. Focused on Renewable Energy Directive (RED) compliant feedstocks, this new venture will operate under the Botres brand, emphasizing asset development activities within select EU countries and potential expansion based on emerging opportunities.
Founding Managing Partner of Hartree Partners LP, Stephen Hendel, expressed enthusiasm for the partnership, stating, “We are excited to partner with Botres, whose innovative technology and proven track record in the biogas space make them an excellent partner for our team as we enter the European biomethane production market. This collaboration directly aligns with Hartree’s transition to investing in renewable energy solutions and we look forward to playing a role in providing Europe with clean and reliable biomethane.”
Echoing this sentiment, Dr. Stefan Kromus, one of the Managing Directors and founders of Botres, remarked on the significant opportunity the partnership with Hartree represents for accelerating the growth of Botres’ biomethane production business and reinforcing its status as an industry leader. He emphasized the potential to deliver exceptional results for stakeholders and contribute to Europe’s sustainable energy transition.
This acquisition by Hartree Partners (UK) Limited is a strategic move that not only marks its entry into the European renewable energy market but also signifies a strong commitment to sustainability and innovation in green energy solutions. By leveraging Botres Holding GmbH’s extensive experience and technological prowess in biogas production, Hartree is poised to make significant strides in the biomethane sector, contributing to the broader goal of achieving a more sustainable and clean energy future for Europe.