PerPETual Technologies is the only Company in the world which manufactures high-quality esters from post-consumer PET bottles thanks to its proprietary and fully patented ReNEW technology. The Company offers to the thermoplastics and thermosets industries a sustainable complimentary and / or substitute feedstock to PTA & MEG, the traditional petrochemical feedstock used to manufacture PET. Indeed, PerPETual’s proprietary ReNEW technology solution converts all types of post-consumer PET bottles back into high quality esters : the raw material conventionally produced from PTA and MEG which is used to manufacture PET.
The ReNEW concept was invented in 1993 by a successful Australian serial inventor. In 1996 it received a letter of no objection from the FDA, qualifying the esters produced by ReNEW to be used in food and beverage packaging. It first operated in 2001 in batch mode to produce esters which were used to manufacture bottle grade PET resin, before being acquired by Aloe Private Equity, a leading global private equity firm operating in the environmental space, in 2008. Subsequently, the Group acquired a PET manufacturer in India which was under bankruptcy protection, Polygenta Technologies Ltd.
The objective was to re-vamp the brownfield site into a 30,000 tonne per annum state-of-the art reference site with fully integrated operations from the ReNEW unit (recycling of all post-consumer PET bottles into high-quality esters), to the polymer plant (using the esters to (re)manufacture a high-quality PET) and finally to texturising machines (to convert the PET into sustainable polyester filament yarn for the textile industry). This completion was achieved in 2010, at which point a new management team was recruited to take the business forward as a solution provider to the PET industry.
PerPETual benefits from a strong team with the experience and expertise to execute the business plan and strategy. This, together with partnerships the Company has established, has meant that a plethora of experience, knowledge and resources have been brought together to meet demand for commercial projects.
PerPETual’s business and strategy is focussed on providing a unique value creating solution to the problem of high and rising oil, and therefore PTA and MEG, prices associated with the PET industry. Furthermore, the Company addresses the longer-term issue of dwindling crude supplies as well as the more urgent problem of environmental depletion. And it does so in a very competitive manner through the deployment of modular ReNEW units with strong economics. The map below summarizes the expected deployment:
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