REG - Active Energy Group - Update on Permit Approvals at the Lumberton Site

Active EnergyAnnouncement

11/12/2019 07:05

RNS Number : 4325W
Active Energy Group PLC
11 December 2019
 


Active Energy Group Plc / EPIC: AEG / Sector: Alternative Energy
11 December 2019
Active Energy Group Plc
('Active Energy', 'AEG', or the 'Company')
Update on Permit Approvals at the Lumberton Site
 
Active Energy, the London quoted international biomass based renewable energy business, announces an update regarding its activities at its commercial hub located in Lumberton, USA ("Lumberton" or "the Lumberton Site").
 
On 25 September 2019 AEG announced that it had applied for the relevant air and environmental permits (the "Permits") from the North Carolina Department of Environment and Natural Resources ("NCDENR"), which are required ahead of commencing the commercial production of CoalSwitch™.  All the application formalities have been completed and the NCDENR confirms that it is continuing to review the Company's application.  Once the Permits have been awarded, the Company will commence construction of the reference plant to produce up to 5 tonnes per hour ("tph") CoalSwitch™.
 
At the same time, AEG continues to work with its partners, including Andritz, on plans to construct and produce facilities for larger production volumes up to 50 tonnes per hour of CoalSwitch™ at the Lumberton Site and with its new Licensee, RMD Environmentals Inc., regarding opportunities in the Crown Provinces of Alberta and British Columbia in Canada.
 
Active Energy CEO, Michael Rowan said, "Having submitted all the relevant documentation, we are positioned to commence construction of the initial 5tph CoalSwitch™ reference plant at Lumberton once we receive the final permits.  In the meantime, we're making good progress across the business, looking to utilise the Lumberton Site for complementary lumber activities and planning for the scale up to the 50tph CoalSwitch™ facility."
 
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 Plc


Michael Rowan
Chief Executive Officer (Active Energy)
Antonio Esposito
Chief Operations Officer (Active Energy)


 




SP Angel Corporate Finance LLP
Nominated Adviser and Broker
 


David Hignell / Caroline Rowe


Office: +44 (0)20 3470 0470




St Brides Partners
Financial PR Adviser


Isabel de Salis / Priit Piip


info@stbridespartners.co.uk
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 and waste biomass material into high-value green fuels.  Its patented product, CoalSwitch™, is one of the world's leading drop-in biomass fuels that can be mixed at any ratio with coal or other waste products. The Company's immediate strategic focus is the production and commercialisation of CoalSwitch™, through either the development of proprietary facilities such as Lumberton, North Carolina or through licensing with strategic partners.
 




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
 
 
UPDGGGUPPUPBGBU