REG - Active Energy Group - Active Energy receives FSC® certification

Active EnergyAnnouncement

15/03/2022 07:00

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RNS Number : 7497E  Active Energy Group PLC  15 March 2022

Active Energy Group Plc: AEG / Sector: Alternative Energy

 

15 March 2022

 

Active Energy Group Plc

('Active Energy', or the 'Company')

 

Active Energy receives FSC® certification

 

Active Energy, the AIM-quoted renewable energy business focused on the
production of next generation energy pellets, is pleased to announce that it
has achieved Chain of Custody (CoC) and Controlled Wood certification
compliant with the Forest Stewardship Council® ("FSC") standards for its
CoalSwitch™ fuel.

 

The process of attaining this certification has included rigorous audits by
independent accredited certification body SCS Global Services. These audits
examine the full CoalSwitch™ production process, encompassing the entire
supply chain from feedstock source to final production of fuel. Active
Energy's certification to these FSC standards confirms that the production of
CoalSwitch(TM) will use forest-based materials from responsible sources and
that the Company's suppliers have committed to the strictest standards
currently governing forest management.

 

The FSC certification is the basic market prerequisite to permit biomass
products to be sold into many of Active Energy's target markets. Certification
to FSC represents a significant milestone and allows the Company to engage
with a wider range of prospective customers who share Active Energy's
commitment to sustainability. While not a legislative requirement in many
jurisdictions, a number of prospective customers have indicated that FSC
certification will support their corporate Environmental, Social and
Governance (ESG) agendas, enhancing the prospect of future orders.

Michael Rowan, CEO of Active Energy, said:

"We are delighted to have received certification to FSC, following an audit,
by an accredited third-party certification body SCS Global Services, of our
current and forthcoming operations, from the sourcing of our waste residuals,
through to the final production of the CoalSwitch biomass fuel. Not only does
this certification confirm to our prospective customers that protection of the
environment is at the heart of our operations, the FSC certification
guarantees that CoalSwitch is produced from responsibly managed sources.

"Japan is a key target market for new generation biomass fuels. Active Energy
has been delivering samples of CoalSwitch to potential customers who regard
FSC as a major pre-requisite for future sales contracts. The achievement of
this certification opens up new sales opportunities for Active Energy.

"We look forward to updating shareholders further as we continue to progress
on the development of our Ashland production facility in Maine. We are looking
forward to beginning to produce significant volumes of CoalSwitch to meet the
indicative international demand we are seeing."

 

Enquiries:

 

 Active Energy Group Plc              Michael Rowan (Chief Executive Officer)                                    info@aegplc.com

                                      Andrew Diamond (Chief Financial Officer)

 Allenby Capital Limited              Nick Naylor / James Reeve / Freddie Wooding (Corporate Finance)            +44 (0)20 3328 5656

 Nominated Adviser and Joint Broker

                                      Amrit Nahal (Sales and Corporate Broking)

 Panmure Gordon & Co                  John Prior / James Sinclair-Ford / Harriette Johnson (Corporate Finance)   +44 (0)20 7886 2500

 Joint Broker

                                      Hugh Rich (Corporate Broking)

 Camarco                              Gordon Poole / Tom Huddart / Emily Hall                                    aeg@camarco.co.uk

 Financial PR Adviser                                                                                            +44 (0)20 3757 4980

 

About FSC

 

The Forest Stewardship Council ("FSC") is an independent, not for profit,
nongovernmental organization established to support environmentally
appropriate, socially beneficial, and economically viable management of the
world's forests.  FSC chain of custody certification provides a credible
assurance that products which are sold with an FSC claim originate from
well-managed forests, controlled sources, or reclaimed materials.

 

About Active Energy

 

Active Energy 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 fuel. Its patented product CoalSwitch™ 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 significant plant modifications. Active Energy's immediate strategic
focus is the production and commercialisation of CoalSwitch™.

 

FSC Licence Code: FSC-C175386

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