Momentum Capital's Sustainability division is spinning off under the name Perpetual Next. Perpetual Next upgrades organic waste streams to high-quality raw materials and (semi-finished) products. Food waste is upgraded to biogas, paper sludge to sustainable heat and pruning waste to high-quality carbon. Perpetual Next works exclusively with low-value, regional, organic waste streams to minimize the impact on the environment while striving for a fully circular system. Hence the name of the company: Perpetual Next.
Perpetual Next is active along the entire value chain. From procurement of waste and residual streams, R&D in the continuous search for more sustainable technologies, to the construction and operation of facilities and the sale of sustainable products for industries that currently rely on coal in their production processes.
Four Momentum companies are part of the spin-off of Perpetual Next:
Parenco Hout - Sustainable forest management, active in the wood industry. Waste and residual streams are delivered to parties that upgrade these low-value residual streams.
Primco - Primco uses state-of-the-art technologies to upgrade organic waste streams to high-value products. Primco has about ten production facilities throughout Europe.
CEG - With the torrefaction technology of CEG, organic waste streams are upgraded to biocoal, biopellets and biochar. This can be used to make various industries more sustainable, such as concrete, cement and steel industries. The products can also serve as a basis for bioplastics, medicines, water purification and soil improvement. Because CO₂ remains stored in the products, it also provides an opportunity for carbon storage.
Baltania - In Estonia, a torrefaction plant is currently being built with CEG's technology. A total of eight torrefaction lines will be completed, the first two of which will be commissioned in early 2021.
The ambition is to be the European market leader in upgrading organic waste and residual streams by 2030. And to take a leading position in the field of natural storage of CO₂. Perpetual Next also commits to the Environmental, Social, and Governance (ESG) criteria.
Connected to our food systems, the world can reduce emissions by 5.3 gigatons annually if it halts deforestation and restores degraded woodlands.