Watrec Ltd. was established in July 2003.
The company’s first clean tech reference project was finalized in 2005, being the first large-scale co-digestion plant in Finland.
In 2007 Biovakka Suomi awarded Watrec Ltd. for head engineering, project management and plant control software for new biogas plant in Turku area (Southern-Western Finland). Watrec Ltd. was nominated as a Best Practise cleantech company in Brussels, December 2007 by the steering committee and advisory board of the FUNDTEC.
In August 2009 Watrec Ltd. launched 7M€ biogas plant project in Huittinen, Finland. In September Watrec Ltd. signed a contract with VamBio Ltd. to build biogas plant as a turnkey project. Also in September 2009 Watrec Ltd. acted as a consultant in Honkajoki Ltd's rendering plant expansion and development project’s environmental impact assessment (EIA). By the end of 2009 Watrec participated in The International Trade Fair for Recycling Management and Environmental Technology 27 – 30 October 2009, Cologne (Germany).
For a couple of years company had a stagnation period before another high jump.
In 2012 Biotehdas became the main shareholder of Watrec Ltd. Shares were acquired from SITRA – a Finnish Technology Fund - and one private investment company. Since that moment Watrec has started to grow.
In 2013 Watrec begun construction of biogas plant in Kuopio (Finland) and a similar plant in Honkajoki (Finland). Both plants came to operation stage in 2014.
In 2014 followed Oulu (Finland) with its startup in February 2015 and Riihimäki in 2015-2016 correspondingly. In 2016 Gasum has bought a Bioitehdas chain and all the turn-key projects that Watrec Ltd has been developing and building now belong to Gasum. During 2017, Oulu Biogas Plant needed an expansion. Thanks to Watrec's innovative design, expansion can be made with low investments and in a short time. The expansion of the plant should be ready in 2017-2018.
Biotehdas – a biogas plant network, which now belongs to Gasum, has been the main partner and the customer for Watrec’s turn-key projects throughout the years. The investment value of the biogas plant network amounts around €90 million.
At a present moment Watrec has plans for further development in Waste-to-Energy industry and actively exploiting foreign markets.