Active Energy Group PLC Test Reactors arrive at Lumberton in the U.S.
10 June 2019 - 11:41PM
RNS Non-Regulatory
TIDMAEG
Active Energy Group PLC
10 June 2019
Active Energy Group Plc / EPIC: AEG / Sector: Alternative
Energy
10 June 2019
Active Energy Group Plc
('Active Energy', 'AEG' or the 'Company')
Reactors Successfully Delivered to Lumberton Site in the
U.S.
Active Energy, the London quoted renewable energy and forestry
management company focussed on biomass, is pleased to announce that
following the Company's announcement of 4 June 2019, its reactors
have been successfully delivered to its industrial site in
Lumberton, Robeson County, North Carolina ('Lumberton' or 'the
Project').
Lumberton is being developed to be the Company's first permanent
production facility for CoalSwitch(TM), its proprietary technology
that transforms low-cost biomass material into high-value green
fuels, and to serve as the primary base for all its biomass fuel
operations in the U.S.
The Company is now making rapid progress advancing construction
of its new CoalSwitch(TM) operation at Lumberton, with construction
of the 5 tonne per hour plant to commence and engineering crews
arriving within the month.
To view the announcement with illustrative images, please use
the following link:
http://www.rns-pdf.londonstockexchange.com/rns/7131B_1-2019-6-10.pdf
Figure 1: Test Reactors Arriving at Lumberton Site
Figure 2: Test Reactors being offloaded at Lumberton Site
Figure 3: Test Reactors being staged for installation
Further Details
Lumberton is strategically located close to AEG's joint venture
partner Georgia Renewable Power LLC ("GRP") and is also in the
heart of the lumber production region in North America. The fully
permitted facility includes up to 415,000 sq ft of covered factory
space, circa 151 acres of surrounding land, as well as ancillary
facilities, such as water treatment, an analysis lab, offices and
IT hardware. Lumberton is also located close to the Eastern
Seaboard of the United States, which the Directors believe will be
advantageous for the Company as it seeks to generate regular sales
of its products to Western Europe and South East Asia.
The Directors believe that the size of Lumberton will ensure
significant scope for the expansion of the initial CoalSwitch(TM)
plant via the addition of extra CoalSwitch(TM) production
facilities targeting capacity of up to 500,000 tonnes per annum
during 2021. Furthermore, the Directors expect that AEG will
benefit from complementary biomass, saw logging and other
commercial revenue opportunities in the Lumberton area.
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 C/O SBP
Plc Chief Executive Officer (Active +44 (0) 20 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 Broker
--------------------------------- ----------------------------
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 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
modification.
Active Energy Group's immediate strategic focus is the
production and commercialisation of CoalSwitch(TM) and other
biomass where a low emission biomass-based fuel can be created as a
blend with CoalSwitch(TM).
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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