Momentum Global Ventures invests €200 million in ethanol maker Perpetual Next

Amsterdam headquartered Momentum Global Ventures announces that in 2026, it will complete its Series B Investment of €200 million in Perpetual Next, the leading developer of biocommodity production sites (primarily biomethanol).

Momentum Global Ventures, through its subsidiaries, holds a strategic majority stake in the sustainable raw materials producer. Momentum has gradually expanded its position in Perpetual Next in recent years.

At the start of 2025, Momentum’s affiliates had collectively invested €137 million in Series B capital in Perpetual Next. At the close of 2025, an additional €30 million in capital was added in this year. This month, there was an additional commitment of up to €40 million in Series B capital for investments in Perpetual Next’s production facilities in 2026. This completes the Series B placement and will bring the total issued Series B capital to approximately €200 million.

Construction of facilities

The capital provided by Momentum is invested in the construction of facilities and the expansion of production capacity in several countries, including the Netherlands and Estonia, and spread across multiple production sites. One of the projects is the development of the world’s largest torrefaction reactor, which Perpetual Next very recently announced with technology partner TSI.

The TSI reactor is part of Perpetual Next’s biomethanol blueprint, which is currently being rolled out at four production sites in Europe and the United States. This blueprint for large-scale biomethanol production enables rapid, serial scale-up to commercial scale. The blueprint was developed in collaboration with Air Liquide and engineering firm Fluor, among others, and will produce 220,000 tons of biomethanol per year per production site.

Momentum’s invested capital has been fully contributed as share capital to Perpetual Next.

This makes Perpetual Next the 100% shareholder of the entire portfolio of methanol production sites. This has been realized without external debt, leaving room for growth financing. ING Corporate Finance will continue to support the raising of growth capital for the full development of the various sites and the further rollout of the biomethanol blueprint.

About Perpetual Next

Perpetual Next converts organic waste into high-value, renewable commodities—chiefly biomethanol, the sustainable, drop-in substitute for fossil methanol used in chemicals, plastics, coatings and as a zero-emission marine and road fuel. The company is building a network of large-scale plants in The Netherlands, Estonia and the United States, with additional sites in development, leveraging a standardised technology blueprint to replicate production globally.