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Pin to quick picksActive Energy Share News (AEG)

Share Price Information for Active Energy (AEG)

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Share Price: 0.21
Bid: 0.17
Ask: 0.25
Change: 0.00 (0.00%)
Spread: 0.08 (47.059%)
Open: 0.21
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Active Energy awaits decision on permits for Lumberton site

Wed, 11th Dec 2019 10:38

(Sharecast News) - Biomass-based renewable energy company Active Energy updated the market on its activities at its commercial hub in Lumberton, United States on Wednesday, after it announced on 25 September that it had applied for the relevant air and environmental permits from the North Carolina Department of Environment and Natural Resources (NCDENR).
The AIM-traded firm said those permits would be required ahead of the start of commercial production of 'CoalSwitch'.

It said all of the application formalities had been completed, and the NCDENR confirmed that it was continuing to review the application.

Once the permits are awarded, the company said it would start construction of the reference plant to produce up to five tonnes of CoalSwitch per hour..

At the same time, Active Energy said it was continuing to work with its partners, including Andritz, on plans to construct and produce facilities for larger production volumes up to 50 tonnes of CoalSwitch per hour at the Lumberton Site.

It was also working with its new licensee, RMD Environmentals, on opportunities in the Canadian provinces of Alberta and British Columbia.

"Having submitted all the relevant documentation, we are positioned to commence construction of the initial five tonnes per hour CoalSwitch reference plant at Lumberton once we receive the final permits," said Active Energy chief executive officer Michael Rowan.

"In the meantime, we're making good progress across the business, looking to utilise the Lumberton site for complementary lumber activities and planning for the scale up to the 50 tonnes per hour CoalSwitch facility."
More News
10 Jun 2019 15:51

Active Energy Makes "Rapid Progress" With Construction At US Plant

LONDON (Alliance News) - Active Energy Group PLC said Monday it is making "rapid progress" constructing its CoalSwitch operation in Lumberton, North Carolina, US.The renewable and

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4 Jun 2019 11:21

WINNERS & LOSERS SUMMARY: Hargreaves Falls On Woodford Fund Suspension

LONDON (Alliance News) - The following stocks are the leading risers and fallers within the main London indices on Tuesday.----------FTSE 100 - up 1.8%. Goldman Sachs started coverage on a

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4 Jun 2019 09:52

Active Energy Continues Progress On Lumberton Operation Build Up

LONDON (Alliance News) - Renewable energy and forestry management firm Active Energy Group PLC said Tuesday it is making progress in the construction of a new CoalSwitch operation in Lumberton, to

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23 Apr 2019 15:53

Active Energy gets $0.5m grant for North Carolina site

(Sharecast News) - Renewable energy business Active Energy announced on Tuesday that it had been awarded a $0.5m building re-use and renovation grant for its new manufacturing site in Lumberton, North Carolina.

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23 Apr 2019 10:05

Active Energy Granted USD500,000 For North Carolina Site Development

LONDON (Alliance News) - Biomass-focused energy firm Active Energy Group PLC said on Tuesday it has been awarded a US government grant of USD500,000 for its new manufacturing site in North re-use

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9 Apr 2019 12:30

European Union Declines "SuperFuel" Funding Grant To Active Energy

LONDON (Alliance News) - Active Energy Group PLC on Tuesday said the European Union has not awarded grant funding for its "SuperFuel" product.SuperFuel blends renewable energy - -

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27 Mar 2019 11:22

Active Energy Completes Purchase Of Industrial Site In North Carolina

LONDON (Alliance News) - Renewable energy and forestry management firm Active Energy Group on Wednesday said it completed the acquisition of an industrial site in Lumberton, North new site will a

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4 Mar 2019 13:22

Active Energy Raises USD3.4 Million To Purchase Site In North Carolina (ALLISS)

LONDON (Alliance News) - Active Energy Group PLC on Monday said it has entered into agreement with Alamac Holdings LLC to acquire an industrial site in Lumberton, North Carolina.The energy

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4 Mar 2019 09:41

Active Energy enters deal to acquire North Carolina production site

(Sharecast News) - Renewable energy and forestry management business Active Energy announced on Monday that, further to its update on 11 January, it has entered into an agreement with Alamac Holdings to acquire an industrial site in Lumberton, North Carolina.

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11 Jan 2019 09:54

Active Energy signs letter of intent for North Carolina 'CoalSwitch' plant

(Sharecast News) - Renewable energy and forestry management business Active Energy updated the market on its plans for the completion of the first industrial-scale 'CoalSwitch' production facility on Friday.

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11 Jan 2019 09:21

Active Energy Progresses CoalSwitch, SuperFuel And PeatSwitch Products

LONDON (Alliance News) - Renewable energy firm Active Energy Group PLC said Friday it is confident in the scale of commercial opportunities of its CoalSwitch and SuperFuel facilities following in

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10 Dec 2018 16:24

Ruffer Lowers Active Energy Group Holding To Below 5% From 9% (ALLISS)

LONDON (Alliance News) - Active Energy Group PLC said Monday that Ruffer LLP reduced its stake in the company to below 5%.Prior to Monday's deal, Ruffer's holding in the company was

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30 Nov 2018 17:47

Active Energy Raises GBP1.5 Million In Share Issue To Advance Projects (ALLISS)

LONDON (Alliance News) - Renewable energy & forestry management firm Active Energy Group PLC said Friday it had raised GBP1.5 million through a share issue in order to progress its Energy at a

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26 Nov 2018 14:25

Active Energy Shares Jump 35% After Confirming Canadian Timber Permits (ALLISS)

LONDON (Alliance News) - Active Energy Group PLC on Monday confirmed that it has been formally issued two timber permits in Canada, putting an end to a week of confusion over the grant of the in

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23 Nov 2018 14:51

PRESS: Newfoundland Minister Denies Issuing Permits For Active Energy

LONDON (Alliance News) - The Newfoundland Fisheries & Land Resources minister has denied approving two five-year commercial timber permits for Active Energy Group PLC, stating that there may

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