Scancell founder says the company is ready to commercialise novel medicines to counteract cancer. Watch the video here.

Less Ads, More Data, More Tools Register for FREE

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."

Related Shares

More News
13 May 2024 16:39

TRADING UPDATES: Adnams toasts first quarter sales; t42 wins deal

(Alliance News) - The following is a round-up of updates by London-listed companies, issued on Monday and not separately reported by Alliance News:

13 May 2024 15:34

Active Energy in various talks over future of CoalSwitch

(Sharecast News) - Active Energy, a renewable energy company specialising in biomass-based solutions, said in an update on Monday that it had entered ...

9 Apr 2024 12:28

Active Energy to abandon flagship project in Maine

(Alliance News) - Active Energy Group PLC on Tuesday said it identified working capital issues in a recent strategic review.

6 Mar 2024 13:05

EARNINGS AND TRADING: Challenger signs farm-out; Ricardo revenue up

(Alliance News) - The following is a round-up of earnings and trading updates of London-listed companies, issued on Wednesday and not separately repo...

6 Mar 2024 09:25

AIM WINNERS & LOSERS: Challenger Energy up on Chevron farm-out deal

(Alliance News) - The following stocks are the leading risers and fallers on AIM in London on Wednesday.

Login to your account

Don't have an account? Click here to register.

Quickpicks are a member only feature

Login to your account

Don't have an account? Click here to register.