Business
Operations and Trading Update
Operations and Trading Update.
About this update from Active Energy Group Plc
[{"type":"text","content":"\n \nRNS Number : 5207X Active Energy Group PLC 22 February 2017 \n\nActive Energy Group Plc / EPIC: AEG / Sector: Alternative Energy\n22 February 2017\nActive Energy Group plc (\"Active Energy\", \"AEG\" or the \"Company\")\n Operations and Trading Update\n \nActive Energy, the London quoted international renewable energy, forestry management and timber processing business, provides an operations and trading update regarding its three standalone but complementary divisions; AEG CoalSwitch, AEG TimberLands and AEG WoodFibre. \n \nAEG CoalSwitch\nThe Directors are confident that AEG's CoalSwitch division will be the Company's primary area of growth in 2017, as management focuses on commercialising this revolutionary technology. CoalSwitch utilises low value wood, timber, forestry and pulp mill/ saw mill by-products to produce the world's first 'drop-in' biomass fuel that can be mixed in any ratio with coal or completely replace coal in existing coal powered fire stations globally. Locations have been identified for the first reference plant in North America and management are confident the reference plant will be operational before the end of 2017.\n \nIn addition, the recent advancement of the CoalSwitch coal reduction initiative being developed by the Metis Settlements of Paddle Prairie, Peavine and East Prairie (the 'Metis Settlement Partners'), in collaboration with Active Energy provides further encouragement for the division's growth outlook. A series of meetings and discussions have taken place in recent weeks between representatives of the Métis Settlement Partners, officials representing the interests of the Government of Alberta and members of the Active Energy board to discuss the requisite regulatory, legal, operational issues and establish the corporate framework for the CoalSwitch initiative. \n \nIn addition, the Company announces that it has expanded its commercial development pipeline with numerous groups, in North America (United States and Canada), as well as in Europe and Asia. Based upon these discussions, the Company hopes that an additional reference plant will also be established either in Malaysia or in the Baltic States during 2017, subject to available funding. Further announcements regarding the additional reference plant wi...