Active Energy Group PLC Construction and Air Permit Granted (0046V)
August 04 2020 - 2:00AM
UK Regulatory
TIDMAEG
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(TM) 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(TM) 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 CoalSwitch (TM) plant at the Lumberton
Site and provide the first working showcase of CoalSwitch(TM)
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 Michael Rowan
Group Plc Chief Executive Officer
Antonio Esposito
Chief Operations Officer
----------------------------- ----------------------------
SP Angel Corporate David Hignell / Caroline Office: +44 (0)20 3470 0470
Finance LLP Rowe
Nominated
Adviser and
Broker
----------------------------- ----------------------------
Allenby Capital Amrit Nahal / David Worlidge Office: +44 (0)20 3328 5656
Limited
Joint Broker
----------------------------- ----------------------------
Camarco Gordon Poole / Tom Huddart aeg@camarco.co.uk
Financial / Emily Hall Office: +44 (0) 20 3757
PR Adviser 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(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 a low emission CoalSwitch(TM) 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.
END
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