Active Energy Group PLC Support in Utah for Advanced Biomass Solutions (4296Z)
15 December 2017 - 6:00PM
UK Regulatory
TIDMAEG
RNS Number : 4296Z
Active Energy Group PLC
15 December 2017
Active Energy Group Plc / EPIC: AEG / Sector: Alternative
Energy
15 December 2017
Active Energy Group Plc ('Active Energy' or 'the Group')
Local Support in Utah for Advanced Biomass Solutions
Active Energy, the London quoted international biomass based
renewable energy and forestry management and business, has received
a letter of support from the Governor's Office of Energy
Development in Utah regarding Advanced Biomass Solutions Plc's
('ABS') plans for the CoalSwitch(TM) plant and in particular Active
Energy's intention to deliver product for commercial scale testing
to power facilities in the state. It also highlighted its support
of ABS's activities and that it is looking forward to the expansion
of activities in Utah. The full copy of the letter is reproduced
below.
The Governor's Office of Energy Development ('OED') appreciates
the efforts of ABS in providing Utah affordable energy alternatives
and finding innovative approaches to create commercial
opportunities in the State. Utah offers many resources to support
this type of development, including natural resources for feedstock
and support from Rocky Mountain Power through its STEP program. The
State also recognises ABS' contribution to the local economy
through its direct hiring of skilled labour and its commitment to
partnering with Utah manufacturing and suppliers for its
acquisition of process and plant equipment. To date, ABS has made
significant investment in Utah's economy and expects these
contributions to grow as they add jobs in rural Utah and along the
Wasatch Front.
In particular, OED supports ABS efforts to advance technological
solutions to better utilise Utah's natural resources. ABS intends
to temporarily set-up, test, validate and program their 5 tonne per
hour "Coal Switch" plant in Salt Lake City. This plant will operate
for a temporary period to create process algorithms, validate
system performance and create product for Rocky Mountain Power to
utilise in a commercial scale test. This test supports the STEP
Grant approved by the Utah Legislature in 2016, seeking an
alternative coal supplement material to be tested at the Hunter
Power Plant located in Castle Dale, Utah in early 2018. This
temporary ABS plant will produce approximately 450 tonnes of
material to be used for this STEP Grant test and additional
material to be analysed by industry.
If ABS' test is successful, OED anticipates continued investment
by installing a permanent plant in Utah. Such investment will add
tremendous value to the State by generating new jobs, expand
manufacturing, and support important industries like trucking,
supply chain purchasing, and agriculture. Additionally, ABS'
process promotes environmental stewardship through clean air
initiatives and encourages new forms of renewable energy
production.
By advancing strategic partnerships, OED is proud to pave the
way for next-generation technology that supports both local and
rural economic development. The innovative clean energy solutions
proposed by ABS will result in a cleaner emission profile for Utah.
This technology could also facilitate the increased utilisation of
Utah's biomass feedstocks to blend with high-energy coal resources
for power generation.
In addition to the aforementioned benefits, this technology
would create environmental value by reducing forestry and
agricultural waste, mitigating invasive species impact such as
pinyon juniper and greenhouse gas emissions, while mitigating
forest fire risk by utilizing these waste materials to create an
environmentally friendly, sustainable, carbon neutral fuel that can
be used as a supplementary source for Utah's coal power generation.
This product also lends itself to be used as a high heat value
clean alternative for the multi-million-dollar pellet stove
industry. It is our understanding that ABS is also working with
several Utah companies to apply this technology to develop
engineered soil from of these waste streams with the intent to add
this material back into the environmental cycle.
We understand that under the direction of ABS and Rocky Mountain
Power, testing of this plant developed by ABS will commence before
the end of 2017 at 870 Gladiola, in Salt Lake City and run for a
period of time as needed to complete the process certification. OED
is working with DNR, SITLA, and other private sources so that ABS
can move forward with procuring the necessary materials to complete
their equipment testing and process validation. We also understand
that once completed, this system will be dismantled and shipped to
the end user outside of the State of Utah, per ABS' customer
agreement.
OED is monitoring the progress of this test and looks forward to
continuing to support innovation through an all-of-the-above energy
approach.
Active Energy Non-Executive Chairman, Michael Rowan, said, "We
are delighted to receive this support from the Governor's Office in
Utah, which reaffirms the progress and potential for our
CoalSwitch(TM) biomass fuel. The environmental credentials are
being recognised across the board and we are extremely excited
about the future, especially as we expect to deliver our first
commercial quantities to partners, including Rocky Mountain Power,
in the near future."
This announcement contains inside information for the purposes
of Article 7 of Regulation (EU) 596/2014 ("MAR").
**ENDS**
Enquiries & Further Information:
Website LinkedIn
---------------------- --------------------------------------
www.active-energy.com www.linkedin.com/company/activeenergy
www.abs-plc.com
---------------------- --------------------------------------
Enquiries
----------------------------------------------------------------------------
Active Energy Michael Rowan michael.rowan@aegplc.com
Group Plc Non-Executive Chairman
------------------- ------------------------- ----------------------------
Richard Spinks richard.spinks@aegplc.com
Chief Executive Officer
------------------- ------------------------- ----------------------------
Northland Capital David Hignell/Gerry Office: +44 (0)20
Partners Limited Beaney 3861 6625
Nominated Adviser
------------------- ------------------------- ----------------------------
Optiva Securities Graeme Dickson
Ltd Ed McDermott Office: +44 (0)20
Broker 3137 1902
------------------- ------------------------- ----------------------------
St Brides Partners Isabel de Salis/Megan info@stbridespartners.co.uk
Financial PR Dennison Office: +44 (0)
Adviser 20 7236 1177
------------------- ------------------------- ----------------------------
About Active Energy Group:
Active Energy Group Plc (AIM: AEG.L) is a London Stock
Exchange-listed international renewable energy business based upon
forestry assets. Its model is focussed on capturing the entire
forestry value chain through sourcing, utilising and
commercialising assets, and setting a new standard in the
sustainable management and optimisation of timber resources. The
Company is led by a highly technical and commercial team with the
experience to execute its defined growth strategy and build its
visibility, primarily as a London-listed timber opportunity with a
revolutionary biomass fuel technology. It has two affiliate
companies formed being:
-- Advanced Biomass Solutions Plc (www.abs-plc.com), which is
commercialising a revolutionary biomass coal replacement fuel,
CoalSwitch(TM); and
-- Timberlands International Ltd, a sustainable international forestry management business.
About CoalSwitch(TM):
CoalSwitch(TM) is the world's first direct drop-in replacement
biomass fuel with the ability to transform the coal energy dynamic.
Its unique qualities allow the fuel to be directly mixed in any
ratio or completely replace coal in existing unmodified coal-fired
power stations, negating the need for expensive retrofitting or
avoiding complete plant closure. Unlike almost all biomass based
pellets, it does not have to use high-quality wood but can instead
utilise low-cost waste material which translates into significant
economic benefits. CoalSwitch(TM) has a unique solution to enable
coal-fired power plants to continue operating at acceptable
environmental standards. To facilitate the expansion, ABS is
establishing operations in the Americas, Europe and Asia and has
representation in those areas in terms of business development and
technical support.
This information is provided by RNS
The company news service from the London Stock Exchange
END
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