February 10, 2025
Amsterdam, February 10, 2025 – Today Perpetual Next announced an additional equity investment commitment from Momentum Global Ventures, as part of the Perpetual Next EUR 75 million investment plan for 2025. The investment program covers the 2025 capex investments for 15 production facilities, operational or in various stages of development, creating a value increase over the whole range of the Perpetual Next portfolio. The investment also prepares Perpetual Next for the onboarding of strategic long-term partners, currently being negotiated.
15 projects focused on methanol and biogas production
In 2023 and 2024 Perpetual Next made a strategic shift, triggered by geo-political developments and new decarbonization regulations. By focusing its production strategy entirely on bio commodities, methanol and biogas, Perpetual Next now provides a replacement for natural gas and answers to IMO decarbonization regulations for shipping.
Successful deleveraging
Since the summer of 2023 Perpetual Next also reduced 80% of its EUR 180 million debt to EUR 23 million, a part of this strategic shift, resulting in zero debt for all non-operational projects that are under construction or in development. This provided a strong negotiation position for Perpetual Next in attracting investment from long-term strategic investors at favourable rates.
Series B 70% placed, more than 85% committed
The additional investment by Momentum Global Ventures and its partners will exceed EUR 30 million and will top off their investment of EUR 137 million already deployed in the Series B placement of EUR 200 million.
Subsidies and strategic investors
Perpetual Next is actively receiving public support for their production facilities, that are of strategic interest for countries aiming to become more self-sustaining and less depended on natural gas. The recent subsidies of EUR 30 million awarded to Perpetual Next’s biogas production facility in the Port of Moerdijk is a confirmation of the public support for Perpetual Next’s strategy.
Perpetual Next and Momentum are currently selecting strategic long term partners for Perpetual Next’s growing production capacity from 2026 and beyond. The interest in Perpetual Next comes from both the maritime and commodity industry from EU, UK and Asia-Pacific, where also a tender for 660,000 tons of Perpetual Next’s methanol is currently in negotiation.