Business
JV signed to Commercialise CoalSwitch in Poland
JV signed to Commercialise CoalSwitch in Poland.
About this update from Active Energy Group Plc
[{"type":"text","content":"\n \nRNS Number : 4883H Active Energy Group PLC 13 March 2018 \n\nActive Energy Group Plc / EPIC: AEG / Sector: Alternative Energy\n13 March 2018\nActive Energy Group Plc ('Active Energy', the 'Company' or the 'Group')\nJoint Venture Signed with Cobant Sp. z o.o. to Commercialise CoalSwitch™ in Poland\n \nActive Energy, the London quoted international biomass based renewable energy and forestry management business, is pleased to announce that it has signed a joint venture agreement (the \"Joint Venture\" or \"JVA\") with Cobant Sp. z o.o. ('Cobant'), a Polish research, development and coal recovery/production company active in the land reclamation, environmental services and energy sectors, to explore opportunities to commercialise the Company's unique CoalSwitch™ coal additive in blends with reclaimed coal from coal slurry dumps in Upper Silesia, Poland.\n \nOverview\n \n· JVA signed with one of Poland's leading energy sector research and development companies following recent testing of the Company's unique CoalSwitch™ coal additive in blends with reclaimed coal from coal slurry waste dumps, located in Upper Silesia, Poland; \n· Detailed and varied tests demonstrated outperformance by CoalSwitch™ over all other options tested by Cobant over the past three years, in various concentrations, 15% CoalSwitch / 85% Bytom (a city in southern Poland) coal being the most efficient and allowing for zero chemical binder requirement on reclaimed coal fines reconstitution; \n· Objective to produce a new 'Super Fuel' product, utilising a CoalSwitch™ component, produced from sawmill waste and forestry residue, combined together with reclaimed and cleaned coal fines from Upper Silesias' many historical coal waste dumps, processed through Cobant's own patented coal waste reclamation technology; and\n· Intention to roll out product to other coal-fired power plants and for household use, initially in Poland, although significant opportunity is recognised across the CEE and EU member countries where residual coal waste can also be found adjacent to coal-fired power plants. \n \nRichard Spinks, Active Energy Chief Executive Officer said, \"Poland's coal industry lies at the centre of the Polish identity, however it is considered to be one of the most ...