Business
CoalSwitchT Plant to Become Fully Operational
CoalSwitchT Plant to Become Fully Operational.
About this update from Active Energy Group Plc
[{"type":"text","content":"\n \nRNS Number : 8536D Active Energy Group PLC 05 February 2018 \n\nActive Energy Group Plc / EPIC: AEG / Sector: Alternative Energy\n5 February 2018\n Active Energy Group Plc ('Active Energy', 'AEG' or 'the 'Group')\nRevolutionary CoalSwitch™ Plant to Become Fully Operational\n \nActive Energy, the London quoted international biomass based renewable energy and forestry management business, is pleased to announce that the Company's first commercial CoalSwitch™ plant in Utah, United States (the 'Plant'), will be officially opened this week. During the week commencing 5 February 2018, the plant will be fully operational and will produce CoalSwitch™, AEG's revolutionary biomass fuel, in accordance with clients' specifications. Once produced, the CoalSwitch™ will be prepared for delivery under the initial offtake agreements already in place.\n \nThe Company will also be taking this opportunity to demonstrate, for the first time at full commercial scale, the Plant's capabilities to potential commercial partners, financiers', government representatives and officials. Each of these parties has indicated strong interest in working with Active Energy to commercialise CoalSwitch™ in various global markets. \n \nThe Group believes CoalSwitch™ represents a disruptive force in the global biomass industry. It is a unique, high-calorific, high-bulk density, advanced biomass pellet that behaves just like coal, albeit with all the environmental benefits of clean biomass. CoalSwitch™ is produced primarily from forestry waste and other industrial cellulose waste products. Unlike the current ubiquitous white pellets and other advanced pellets, CoalSwitch™ can be co-fired with coal in existing unmodified coal-fired power plants at any ratio, up to 100%; allowing 'dirty' plant operators to fulfil their environmental obligations without the need for extensive retrofitting of power station plant and handling/storage infrastructure, and the associated costs and disruption.\n \nRichard Spinks, Active Energy CEO said, \"With the Plant operational, AEG can now demonstrate the delivery of ...