Stefan Bernstein explains how the EU/Greenland critical raw materials partnership benefits GreenRoc. Watch the full video here.

Less Ads, More Data, More Tools Register for FREE

Pin to quick picksActive Energy Regulatory News (AEG)

Share Price Information for Active Energy (AEG)

London Stock Exchange
Share Price is delayed by 15 minutes
Get Live Data
Share Price: 0.475
Bid: 0.45
Ask: 0.50
Change: 0.00 (0.00%)
Spread: 0.05 (11.111%)
Open: 0.00
High: 0.00
Low: 0.00
Prev. Close: 0.475
AEG Live PriceLast checked at -

Watchlists are a member only feature

Login to your account

Alerts are a premium feature

Login to your account

Purchase Order with Young Living Farms

28 Feb 2018 07:00

RNS Number : 1919G
Active Energy Group PLC
28 February 2018
 

Active Energy Group Plc / EPIC: AEG / Sector: Alternative Energy

 

28 February 2018

 

Active Energy Group Plc ('Active Energy' or the 'Company')

Purchase Order with Young Living Farms

 

Active Energy, the London quoted international biomass based renewable energy and forestry management business, is pleased to announce that it has entered into an initial supply agreement with Young Living Farms ('YLF'), a leading agricultural company focused on essential oils production, for a new high value soil amendment product, utilising the Company's CoalSwitch™ process. This agreement marks a new revenue stream for the Company and also demonstrates the flexibility and commercial value of the Company's unique CoalSwitch™ process across multiple applications.

 

Overview:

 

· Agreement for YLF to supply Active Energy up to 6,500 tonnes of product, exploiting the Company's versatile CoalSwitch™ process at the Company's 's first commercial plant in Utah, United States;

· Feedstock for the process will be by-product from YLF's essential oil production - a waste stream for YLF, but a highly attractive feedstock for the CoalSwitch™ process;

· Product from CoalSwitch™ process will be used as a high value soil amendment product for the re-introduction to YLF's crop production cycle;

· Initial deliveries will begin in March 2018 for which the Company will receive payment on a per tonne basis;

· Agreement provides a foundation for a long-term relationship with YLF and the implementation of dedicated soil amendment plant to be installed on YLF's farm site at Mona, Utah in mid-2018; and

· Evaluation of roll out opportunities for additional soil amendment plants is being conducted with YLF, with three initial facilities located in the USA and Canada targeted.

 

Michael Rowan, Active Energy Non-Executive Chairman said, "The unique properties and applications of our CoalSwitch™ process is attracting significant attention from utility companies, government agencies and power plant operators. With today's announcement, we have expanded our commercial activity to the agricultural sector. Our unique process can be applied to target specific engineered soils, which remove potentially environmentally damaging waste streams and use this as feedstock. This engineered soil becomes an environmentally responsible alternative to the use of peat moss.

 

"We look forward to working closely with the YLF team over the coming months as we look to begin the wider roll out of dedicated soil amendment plants with further collaborations with YLF."

 

This announcement contains inside information for the purposes of Article 7 of Regulation (EU) 596/2014.

**ENDS**

 

Enquiries & Further Information:

 

Enquiries

Active Energy Group Plc

 

Michael Rowan

Non-Executive Chairman

 

michael.rowan@aegplc.com

 

 

Richard Spinks

Chief Executive Officer

 

richard.spinks@aegplc.com

 

Northland Capital Partners Limited

Nominated Adviser

 

David Hignell / Gerry Beaney

Office: +44 (0)20 3861 6625

Optiva Securities Ltd

Broker

Graeme Dickson / Ed McDermott

 

Office: +44 (0)20 3137 1902

 

 

St Brides Partners

Financial PR Adviser

 

Susie Geliher / Isabel de Salis

info@stbridespartners.co.uk

Office: +44 (0) 20 7236 1177

 

 

About Active Energy Group:

Active Energy Group Plc (AIM: AEG.L) is a London Stock Exchange-listed international renewable energy business based upon forestry assets. Its model is focussed on capturing the entire forestry value chain through sourcing, utilising and commercialising assets, and setting a new standard in the sustainable management and optimisation of timber resources. The Company is led by a highly technical and commercial team with the experience to execute its defined growth strategy and build its visibility, primarily as a London-listed timber opportunity with a revolutionary biomass fuel technology. It has two subsidiary companies:

 

· Advanced Biomass Solutions Plc (www.abs-plc.com), which is commercialising a revolutionary biomass coal replacement fuel, CoalSwitch™; and

· Timberlands International Ltd, a sustainable international forestry management business.

 

 

 

This information is provided by RNS
The company news service from the London Stock Exchange
 
END
 
 
MSCKMGZZVRRGRZG
Date   Source Headline
8th Mar 202412:48 pmRNSHolding(s) in Company
6th Mar 20247:00 amRNSCash Received from Player Design Inc.
5th Mar 20247:00 amRNSSettlement agreement with Player Design Inc.
23rd Feb 20247:00 amRNSUpdate on Ashland Facility
31st Jan 20242:21 pmRNSStandard form for notification of major holdings
30th Jan 20247:00 amRNSStandard form for notification of major holdings
26th Jan 20247:00 amRNSUpdate on the Ashland Facility
22nd Nov 20232:33 pmRNSStandard form for notification of major holdings
20th Nov 20237:00 amRNSUpdate on production at the Ashland facility
2nd Nov 20237:00 amRNSAppointment of Managing Director of Southeast Asia
26th Sep 20237:00 amRNSInterim results for the six months ended 30 June
11th Sep 20237:00 amRNSUpdate on progress at the Ashland facility
7th Sep 20237:00 amRNSAEG becomes Member of the IBTC
25th Jul 20237:00 amRNSAward of Additional CoalSwitch Production Patent
19th Jul 20237:00 amRNSAwards under Long-Term Incentive Plan
11th Jul 20232:07 pmRNSResult of AGM
21st Jun 20237:00 amRNSAward of trademarks
20th Jun 20237:00 amRNSAppointment of Chief Technology Officer
12th Jun 20237:00 amRNSPosting of Annual Report and Notice of AGM
5th Jun 20237:00 amRNSAudited results for the year ended 31/12/2022
24th May 20237:00 amRNSPermits granted at Ashland
31st Mar 20237:00 amRNSBusiness update for Q1 2023
29th Mar 20232:19 pmRNSStandard form for notification of major holdings
3rd Mar 20234:35 pmRNSPrice Monitoring Extension
3rd Mar 20239:45 amRNSHolding(s) in Company
3rd Mar 20237:00 amRNSAward of Canadian Trademark
1st Mar 20237:00 amRNSAppointment of Chief Operating Officer
15th Feb 20237:00 amRNSAward of trademarks
13th Feb 20237:00 amRNSAward of patents
17th Jan 20237:00 amRNSBusiness update
23rd Nov 20227:00 amRNSAppointment of interim CFO and director change
6th Oct 20224:00 pmRNSHolding(s) in Company
28th Sep 20223:10 pmRNSHolding(s) in Company
12th Sep 20227:01 amRNSAIM Rule 17 Notice
12th Sep 20227:00 amRNSInterim results for the 6 months ended 30/06/2022
30th Aug 20227:00 amRNSHolding(s) in Company
10th Aug 20224:39 pmRNSHolding(s) in Company
10th Aug 20227:00 amRNSDirectorate Change
5th Aug 20227:00 amRNSCommencement of trading on OTCQB Market in US
29th Jul 20225:18 pmRNSHolding(s) in Company
29th Jul 20225:00 pmRNSTotal Voting Rights
28th Jul 20222:27 pmRNSHolding(s) in Company
28th Jul 20221:22 pmRNSHolding(s) in Company
27th Jul 20221:38 pmRNSStatement re Close Brothers announcement
27th Jul 202211:06 amRNSSecond Price Monitoring Extn
27th Jul 202211:00 amRNSPrice Monitoring Extension
26th Jul 20224:40 pmRNSSecond Price Monitoring Extn
26th Jul 20224:35 pmRNSPrice Monitoring Extension
22nd Jul 202212:44 pmRNSHolding(s) in Company
21st Jul 20222:33 pmRNSForm 8.3 - [ACTIVE ENERGY GRP ORD 0.35P]

Due to London Stock Exchange licensing terms, we stipulate that you must be a private investor. We apologise for the inconvenience.

To access our Live RNS you must confirm you are a private investor by using the button below.

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.