Active Energy Group PLC CoalSwitch(TM) Test Reactors arrive at Lumberton (9810W)
24 April 2019 - 10:33PM
UK Regulatory
TIDMAEG
RNS Number : 9810W
Active Energy Group PLC
24 April 2019
Active Energy Group Plc / EPIC: AEG / Sector: Alternative
Energy
24 April 2019
Active Energy Group Plc ('Active Energy', 'AEG' or the
'Company')
CoalSwitch(TM) Test Reactors arrive at Lumberton and
Installation Commences
Active Energy, the London quoted renewable energy business
focussed on biomass, is pleased to announce that the test reactors
to produce its proprietary CoalSwitch(TM) product have now arrived
at its recently acquired commercial plant in Lumberton, Robeson
County, North Carolina (the 'Project' or the 'Lumberton Site') and
installation has commenced.
To view this announcement with illustrative images please use
the following link:
http://www.rns-pdf.londonstockexchange.com/rns/9810W_1-2019-4-24.pdf
The Lumberton Site will serve as Active Energy's first permanent
commercial production facility and the primary base for all of the
Company's United States CoalSwitch(TM) operations. The transfer of
all the equipment from the Company's Utah site is targeted to be
completed within 8 weeks, with closure of the Utah site expected by
the end of May 2019.
The Lumberton Site includes up to 415,000 sq. ft of covered
factory space and circa 151 acres of surrounding land. It is
strategically located adjacent to AEG's joint venture partner
Georgia Renewable Power LLC ("GRP") and in prime lumber districts
from which AEG will secure feedstock for its revolutionary
CoalSwitch(TM) product. Importantly the Lumberton site includes all
requisite ancillary facilities for the production of
CoalSwitch(TM), including all relevant power supplies, permits,
water treatment facilities, a research and analysis lab as well as
offices.
CoalSwitch(TM), a biomass-based fuel that utilises low-value
forestry and agricultural residues and other feedstocks, is a
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 modifications. The technology being
utilised to produce CoalSwitch(TM) is also being utilised to create
additional renewable fuels including blending it with animal waste
such as hog manure, which further increases the Company's renewable
energy credentials.
Figure 1: Disassembly of the plant at Utah ahead of
transportation to the Lumberton Site
Figure 2: Disassembly of the plant at Utah ahead of
transportation to the Lumberton Site
Figure 3: Equipment arriving and being unloaded at the Lumberton
Site
Michael Rowan, CEO of AEG, said, "The arrival and installation
of the test reactors at the Lumberton Site marks the latest
exciting step on the path to delivering our first commercial
CoalSwitch(TM) product to market, which is our primary focus. The
Project is ideally located in the heart of the lumber production
region in North America and we are confident that its size will
enable the expansion of the initial CoalSwitch(TM) plant via the
construction of additional CoalSwitch(TM) production facilities, as
the Company targets capacity of up to 400,000 tonnes per annum over
the next 2 years.
"The scale of the Project, its existing components and the
infrastructure will allow us to continue to develop additional
renewable fuels based on blending the original CoalSwitch(TM)
technology with animal and agricultural waste. We believe this will
be attractive to potential partners who want to improve their
environmental credentials."
The Company's Directors look forward to providing further
updates regarding developments at the Lumberton Site and the
installation of the initial CoalSwitch(TM) plant as soon as
practicable.
This announcement contains inside information for the purposes
of Article 7 of Regulation (EU) 596/2014.
**ENDS**
Enquiries & Further Information:
Website LinkedIn
www.aegplc.com www.linkedin.com/company/activeenergy
--------------------------------------
Enquiries
Active Energy Group Michael Rowan CO SBP +44 (0) 20
Plc Chief Executive Officer (Active 7236 1177
Energy)
Antonio Esposito
Chief Operations Officer
(Active Energy)
--------------------------------- ----------------------------
SP Angel Corporate David Hignell / Lindsay Mair Office: +44 (0)20
Finance LLP / Jamie Spotswood 3470 0470
Nominated Adviser
and Joint Broker
--------------------------------- ----------------------------
Optiva Securities Jeremy King Office: +44 (0)20
Ltd Joint Broker 3137 1902
--------------------------------- ----------------------------
St Brides Partners Melissa Hancock / Gaby Jenner info@stbridespartners.co.uk
Financial PR Adviser Office: +44 (0) 20
7236 1177
--------------------------------- ----------------------------
About Active Energy Group:
Active Energy Group plc is a London listed (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(TM) 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(TM) and
SuperFuel(TM), a low emission CoalSwitch(TM) blend that utilises
waste coal fines.
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.
END
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