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Active Energy Group - Construction and Air Permit Granted

RNS Number : 0046V
Active Energy Group PLC
04 August 2020
 

This announcement contains inside information for the purposes of Article 7 of Regulation (EU) 596/2014.

 

4 August 2020

Active Energy Group Plc

('Active Energy', 'AEG' or the 'Company')

 Construction and Air Permit Granted

 

Active Energy, the international biomass based renewable energy business, is pleased to announce that the construction and air permit (the "Permit") for the Company's CoalSwitch™ plant at Lumberton, North Carolina (the "Lumberton Site") has been granted by the NC Division of Air Quality. With the issuance of the Permit, Active Energy can now commence the final stage planning and construction for a CoalSwitch™ plant targeting production capacity of up to 5 tonnes per hour.

 

Michael Rowan, CEO, Active Energy Group, comments:

 

"The receipt of the Permit will transform Active Energy into a leading provider of waste to energy, second generation biomass technologies and represents the final approval required at the Lumberton Site, marking a major milestone for the Company. Active Energy can now push forward unhindered with completing the construction of an operable CoalSwitchplant at the Lumberton Site and provide the first working showcase of CoalSwitch™ technology.  We would like to thank the NC Division of Air Quality for their ongoing support throughout this process."

 

Activity at the Lumberton Site has accelerated in recent weeks as Active Energy creates a strategically located hub for lumber and next generation biomass pellet operations in the US. The granting of the Permit is the next step in Active Energy's long term plan to develop complementary lumber and biomass activities.

 

ENDS

Enquiries:

 

Website

LinkedIn

 

www.aegplc.com

www.linkedin.com/company/activeenergy

 

 

 

Enquiries

Active Energy Group Plc

Michael Rowan

Chief Executive Officer

Antonio Esposito

Chief Operations Officer

 

 

SP Angel Corporate Finance LLP

Nominated Adviser and Broker

 

David Hignell / Caroline Rowe

Office: +44 (0)20 3470 0470

Allenby Capital Limited

Joint Broker

Amrit Nahal / David Worlidge

Office: +44 (0)20 3328 5656

Camarco

Financial PR Adviser

Gordon Poole / Tom Huddart / Emily Hall

aeg@camarco.co.uk

Office: +44 (0) 20 3757 4980

 

About Active Energy:

Active Energy Group plc is a London quoted (AIM: AEG) renewable energy company that has developed a proprietary technology which transforms low-cost biomass material into high-value green fuels.  Its patented product CoalSwitch™ is the world's only drop-in biomass fuel that can be mixed at any ratio with coal or completely replace coal in existing coal-fired power stations without requiring plant modification. Active Energy Group's immediate strategic focus is the production and commercialisation of CoalSwitch™ and a low emission CoalSwitch™ blend that utilises other waste materials.

 

 

 


This information is provided by RNS, the news service of the London Stock Exchange. RNS is approved by the Financial Conduct Authority to act as a Primary Information Provider in the United Kingdom. Terms and conditions relating to the use and distribution of this information may apply. For further information, please contact rns@lseg.com or visit www.rns.com.
 
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Quick facts: Active Energy Group PLC

Price: 0.525

Market: LSE
Market Cap: £8.08 m
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