- STX Group and Perpetual Next Conversions to enter a strategic alliance to advance biogenic CO₂ solutions in order to enhance long-term sustainability and contribute to the energy transition in Europe
- STX Group and Perpetual Next’s strategy works towards circularity and advancements in e-fuels and the increasingly dynamic carbon capture utilization and storage (CCUS) landscape
AMSTERDAM (February 6, 2024) — STX Group, a leading global firm in environmental commodities trading and climate finance, announced today a partnership with Perpetual Next Conversions, a Dutch biomethane plant developer and operator. The partnership aims to promote and develop opportunities for captured and liquified biogenic CO₂ within Europe. This collaboration marks a significant step to drive solutions for carbon capture utilization and storage (CCUS), such as e-fuels production and alternative CO₂ utilization routes.
Organic waste streams are used to extract biogenic CO₂ and market it for application in industrial processes to maximize long-term sustainability and contribute to European decarbonization goals. The partnership is initially focused on the Benelux region and expected to be extended to the UK, the Nordics and Eastern Europe.
STX Group opens new avenues for environmental commodities and gains access to downstream opportunities in various markets, expanding its presence and impact. STX Group will support in marketing the liquid CO₂ Perpetual Next Conversions captures, providing access to downstream opportunities in a variety of markets.
“We are excited to contribute to the development of a comprehensive value proposition in the nascent bio-CO₂ market and evolving the CCUS space,” said Sead Keric, Managing Partner of Renewable Gas at STX Group. “Our partnership with Perpetual Next is aligned with our vision for a greener future, leveraging our expertise in environmental markets and infrastructure to boost innovative solutions and maximize impact”.
“As a key promoter of sustainability and innovation in the renewable gas value chain, Perpetual Next Conversions is best placed to bolster new retail opportunities for biomethane plant’s production portfolio, promoting circularity and the highest possible efficiency. We share with STX Group a common interest in developing the CCUS value chain, engaging with industries such as food and beverage, chemicals and agriculture while advancing synthetic e-fuels production,” said Jurre Hijman, CCO at Perpetual Next Conversions.