  We give a thorough Biorthonormal Matrix-Product-State (BMPS) analysis of the
Transfer-Matrix Renormalization-Group (TMRG) for non-Hermitian matrices in the
thermodynamic limit. The BMPS is built on a dual series of reduced
biorthonormal bases for the left and right Perron states of a non-Hermitian
matrix. We propose two alternative infinite-size Biorthonormal TMRG (iBTMRG)
algorithms and compare their numerical performance in both finite and infinite
systems. We show that both iBTMRGs produce a dual infinite-BMPS (iBMPS) which
are translationally invariant in the thermodynamic limit. We also develop an
efficient wave function transformation of the iBTMRG, an analogy of McCulloch
in the infinite-DMRG [arXiv:0804.2509 (2008)], to predict the wave function as
the lattice size is increased. The resulting iBMPS allows for probing bulk
properties of the system in the thermodynamic limit without boundary effects
and allows for reducing the computational cost to be independent of the lattice
size, which are illustrated by calculating the magnetization as a function of
the temperature and the critical spin-spin correlation in the thermodynamic
limit for a 2D classical Ising model.
