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Has anyone taken any time to study who Omega Thermal Solutions are and what expertise/funding they bring to the table.
Now AEG has lost it's technology partner and manufacturer for their Coalswitch product its going to be crucial they find a replacement manufacturing method asap.
Young company I believe.
Social media accounts created a year ago.
You can check their LinkedIn via website. Has few posts of dryers they've made.
https://www.omegatsg.com/contact-us
I agree Bioenergy a newly established company which seems to specialise in drying and thermal treatment systems like pyrolysis/torrefaction which are worlds apart compared to producing Coalswitch.
Carefully reading yesterdays RNS with Rowan announcing he's walking away leaving $2.5 million of specially designed equipment at PDI's facility because it's not essential for future Coalswitch production is starting to again sound like another complete change in direction for the Rowan master plan.
The supposedly highly valued AEG patents are based around using a steam explosion technique which requires highly pressurised reactors and have taken AEG years to perfect and millions in research and development.
Now we are being asked to believe Rowan is just going to discards this highly specialised equipment so he can slip away and play with a torrefaction process and shareholders are not going to spot what Guvnor refers to as yet another's Magicians sleight of hand trick.
No steam explosion means the current AEG patents are irrelevant and both the torrefaction/pyrolysis processing methods are older than the Romans so offer no protection.
You therefore must ask why is Rowan leaving that valuable equipment with what is now a potential competitor.
Last year they floated the plan to move to a Coalswitch version 3.0 based more on torrefacation.
This came on the heels of the 2 Enviva guys joining AEG. Who bring a lot of industry knowledge.
I believe Player had difficulty with scaling Coalswitch, hence he went out in his own, using steam treatment but not explosion. I think this is were the relationship broke down, we were just kept in the dark for a long time.
I think the company still has life, but may be headed in a slightly different direction. Not sure how much of Coalswitch tech they'll incorporate into future fuels..
Thanks BioEnergy. I remember that announcement for a 3.0 Coalswitch version and the mention of utilizing torrefacation technology but when you analyse the offerings on AEG's website it clearly promotes their current production process is "Born from STEAM EXPLOSION technology". The supposed highly valued portfolio of protective patents are also promoted to help give investors peace of mind before investing in this opportunity.
If Rowan has again hit yet another major road block bringing the Coalswitch process to market surly he would need to make a full disclosure before running off to play with a completely different technology and hoping nobody spotted the switch. Leaving vital equipment for steam exploding biomass at Player Design which cost millions to design and years to build sounds like a very stupid plan but I think we've now come to expect Rowan is blessed with possessing an excessive amount of this unfortunate skill.
The newly announced working partnership with Omega Thermal Solutions Group might sound like a great idea but their website confirms they specialize in fuels derived from using Pyrolysis and not Steam Explosion. Surly if Omega was intending to rapidly expand their portfolio to quickly help AEG fulfill on the promises made to it's shareholders as per https://aegplc.com/future-technologies/ they would need the equipment (with a book value on June 2023 of $2.5 million) which Rowan has now decided to abandon.
Last week we saw an incredible 350 million plus shares changing hands which is over twice what is in current circulation. Many of these would have been snapped up by new investors who would have looked at the AEG's website displaying the opportunity to invest in an unique revolutionary Steam Exploded and patent protected fuel. I just hope this still is the route Rowan intends to lead the company because if those website details are wrong it could open a whole new Pandora's box of problems.
Omega, AEG's New Technology Partner.
Check the link below, looks like work already in progress. Expect announcement anytime ! GLA 🚀🚀🚀
https://www.linkedin.com/posts/omega-thermal-solutions-group_omega-is-processing-pelleted-biomass-for-activity-7166068113321533441-Gcop
Future CoalSwitch® production.
Since September 2023, Active Energy has focused on improvements to both CoalSwitch® fuel and the production processes utilizing the new executive management team based in the US. At the Interim Results, the Company announced a working partnership with Omega Thermal Solutions Group LLC, based in the US, to develop a new manufacturing process and create variants of CoalSwitch® fuel focusing on a torrefaction production process. The improved fuel performance metrics, such as higher fixed carbon content allows these biocarbon fuels to participate in the growth markets such as soil amendments, air filtration, ferro silicon and the metallurgical steel industries. This product development is opening new revenue opportunities for CoalSwitch®. From RNS dated 05/03/24.
Check the link below, good read
https://www.sciencedirect.com/science/article/pii/S2589014X24000124?dgcid=rss_sd_all
RSI back on 14, this will fly again soon !
Remember this was 7.50 not that long ago. GLA
Another £7k dumped this morning.
Superda, what are you on? I need some of it, especially when looking in on AEG car crash