10 Feb 2022 07:00
Active Energy Group Plc / EPIC: AEG / Sector: Alternative Energy
10 February 2022
Active Energy Group Plc
("Active Energy" or the "Company")
Response to notice from the Southern Environmental Law Center in regard to the Company's activities at Lumberton, North Carolina
Active Energy, the London quoted international biomass based renewable energy business, has received a "notice of intent to sue" letter from the Southern Environmental Law Center (the "SELC") alleging that the Company is discharging wastewater without the required permits from its Lumberton property in North Carolina. This notice follows on from the original claim made by SELC, which was announced by the Company on 4 May 2021, to which the Company has actively sought resolution. The SELC is a non-profit, environmental lobbying group.
Active Energy is not currently operating at Lumberton. The Company has not discharged any wastewater other than what is required under its permits and required by the historic statutory remediation obligations associated with the property.
The Company denies the allegations made by the SELC in the notice and will continue to take robust legal action in response and in defence.
Active Energy continues to review all its options at Lumberton, North Carolina.
ENDS
Active Energy Group Plc | Michael Rowan (Chief Executive Officer) Andrew Diamond (Chief Financial Officer)
| info@aegplc.com |
Allenby Capital Limited Nominated Adviser and Joint Broker | Nick Naylor / James Reeve / Freddie Wooding (Corporate Finance) Amrit Nahal (Sales and Corporate Broking)
| +44 (0)20 3328 5656 |
Panmure Gordon & Co Joint Broker | John Prior / James Sinclair-Ford / Harriette Johnson (Corporate Finance) Hugh Rich (Corporate Broking)
| +44 (0)20 7886 2500 |
Camarco Financial PR Adviser | Gordon Poole / Tom Huddart / Emily Hall | aeg@camarco.co.uk +44 (0)20 3757 4980 |
About Active Energy Group:
Active Energy Group plc is a London listed (AIM: AEG) renewable energy company that has developed a proprietary technology which transforms low-cost biomass material into high-value green fuels. Its patented product CoalSwitch™ is the world's only drop-in biomass fuel that can be mixed at any ratio with coal or completely replace coal in existing coal-fired power stations without requiring plant modification. Active Energy Group's immediate strategic focus is the production and commercialisation of CoalSwitch™ and a low emission CoalSwitch™ blend that utilises other waste materials.
Active Energy (AEG)