Perpetual Next specializes in producing and supplying renewable raw materials and associated proprietary technology to enable heavy industries, such as the steel and chemical industry, to make their production processes more sustainable. Among other things, Perpetual Next is a producer of biogas and the company owns the leading technology to produce biocarbon on an industrial scale to replace fossil carbon. In Europe, Perpetual Next already has production facilities that produce biocarbon from waste wood; now they will also be built in the U.S. The first location has already been identified for this purpose: Tampa, Florida. At that location, the Joint Venture partners will each assume their own role: supply of waste wood, provide biocarbon production technology, and off take of the biocarbon produced to make iron ore production more sustainable for the steel industry. The Joint Venture aims to commission biocarbon production facilities at three locations in the U.S. over the next five years.
About Perpetual Next
Perpetual Next is a renewable raw materials, energy, and climate technology company. With 135 employees and 6 proprietary production facilities in several European countries, it is working on solutions to make industries more sustainable and thereby combat further climate change. Perpetual Next is organized into three business units, each with their own specialties, dedicated teams and their own strategic partners and customers. The Biocarbon Business Unit produces renewable carbon from bio-residuals including waste wood based on its proprietary carbonization technology, which Perpetual Next owns and has further optimized. Based on thermochemical conversion, organic woody waste is upgraded to high-quality carbon with applications for the steel, cement, and chemical industries.
Momentum Capital is the largest investor in Perpetual Next.
