Investor due diligence of waste to fuels project

In Perpetuum Partners was engaged to review the business plans and supporting data for the pyro-fuels proposition with financial investment from a family office. We carried out this work by following our proprietary 7-layer model for such reviews and developing an index for an anticipated virtual data room. The availability of evidence was cross checked against this virtual index.

The outcomes of the project were:

• Our assessment indicated that now (2020) is a good time to take forward the concept into a business proposition. We understand that there are a number of competing, similar technologies being developed and while there is a risk that these could move to market sooner than this opportunity, the preferred investment and development strategy will influence funding options.
• In order to take the business forward, a clear investment strategy and a well-coordinated, and suitably qualified and experienced management team is needed.
• This team should engage and build on existing work to solidify the evidence base and confirm the levels of investment returns at EBITDA level before supporting the existing partners in seeking new development partners. This will include consideration of what type of new investment partner would offer benefits to the project.
• A new team was created in 2021 through the organisation of Terrae Novo Ltd to take this forward and the investors announced investment through to financial close which should take place in Q4 2023.