Business
Permits granted at Ashland
Permits granted at Ashland.
About this update from Active Energy Group Plc
[{"type":"text","content":"\n\n24 May 2023\n \nActive Energy Group Plc\n(\"Active Energy\" or the \"Company\")\n \nPermits granted at Ashland to allow construction and operation of the CoalSwitch® plant to commence\n \nActive Energy (AIM: AEG, OTCQB: ATGVF), the international biomass based renewable energy business, is pleased to announce that Player Design Inc (\"PDI\") has informed the Company that it has received the relevant permit (the \"Permit\") for the construction and operation of a CoalSwitch® manufacturing facility at PDI's site at Ashland, Maine (the \"Ashland Facility\"). \nThe Permit, which has been granted by the Department of Environmental Protection in the State of Maine (the \"Department\"), will: a) allow PDI to immediately commence the final stage of construction for the CoalSwitch® production plant (the \"CoalSwitch® Plant\") at the Ashland Facility; and b) permit manufacturing operations at the CoalSwitch® Plant to commence. Under the terms of the Permit, PDI must provide certain additional data to the Department within an initial six-month period.\nPDI has confirmed to Active Energy that construction of the CoalSwitch® Plant is due to be completed in Q3 2023 with first production of CoalSwitch® pellets being available for delivery to AEG's potential customers during the same quarter. The initial annualised production volumes are anticipated by PDI to remain at a target rate of 35,000 tons per annum and Active Energy will make any CoalSwitch® produced available for delivery to the Company's identified customers in the US and in Europe.\nIn conjunction with the developments at the Ashland Facility, Active Energy continues to receive increasing enquiries for the CoalSwitch® technology. In recent weeks, Active Energy has commenced work on additional joint venture production licenses in the US and is working on these licenses to develop the production technology to suit specific facilities. This will, the Company anticipates, further accelerate production volumes in US.\nTyler Player, President of Player Design Inc, commented:\n\"I am grateful for the support from the State of Maine for all their efforts to ensure a successful conclusion to the permit applications for our facility at Ashland. The project will now move to the final phase of construction and assembly at Ashland and the initial production of CoalSwitch® ...