Active Energy Group (AEG)

Sector:

Electronic and Electrical Equipment

Index:

FTSE AIM All-Share

 0.48p
   
  • Change Today:
      0.000p
  • 52 Week High: 7.35
  • 52 Week Low: 0.33
  • Currency: UK Pounds
  • Shares Issued: 161.86m
  • Volume: 2,397,735
  • Market Cap: £0.77m

Active Energy upbeat on developments at Lumberton

By Josh White

Date: Friday 07 Feb 2020

LONDON (ShareCast) - (Sharecast News) - Biomass-based renewable energy company Active Energy updated the market on its current activities at the Lumberton site in North Carolina on Friday.
The AIM-traded firm said the internal review by the North Carolina Department of Environment and Natural Resources, Department of Air Quality (NCDAQ) over the issue of relevant construction and air permit for the five tonne per hour plant had been completed.

It said that, in accordance with industry practices with existing pellet mills in North Carolina, NCDAQ had requested that a public information meeting be held before the issue of the permit, with a meeting set to be convened within the next month.

Subject to any conditions within the permit, Active Energy said it expected construction to begin once the permit is granted.

The company said it was still progressing its operations at the commercial hub at the Lumberton site, to facilitate the commercial production of its 'CoalSwitch' product, and second-generation biomass pellets.

Active Energy said it was still undertaking engineering analysis for the CoalSwitch plant, with its management teams said to be working to secure offtake agreements both in the United States and internationally.

Supplementary analysis on the development of ancillary products, where CoalSwitch is blended with waste materials to produce a biomass-based black pellet fuel, was also ongoing.

"This is the first occasion where the CoalSwitch production process has been analysed by relevant environmental authorities," said chief executive officer Michael Rowan.

"I am pleased with the initial conclusions of the Department of Air Quality in North Carolina.

"Active Energy welcomes the opportunity to present its plans for the Lumberton site at a public meeting to demonstrate not only the environmental advantages AEG's black pellets have against existing white pellet production, but also the sustainable production processes that Active Energy intends to introduce at Lumberton."

At 1345 GMT, shares in Active Energy Group were up 8.64% at 0.56p.

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AEG Market Data

Currency UK Pounds
Share Price 0.48p
Change Today 0.000p
% Change 0.00 %
52 Week High 7.35
52 Week Low 0.33
Volume 2,397,735
Shares Issued 161.86m
Market Cap £0.77m

AEG Star Ratings

Compare performance with the sector and the market.
more star ratings
Key: vs Market vs Sector
Value
76.06% above the market average76.06% above the market average76.06% above the market average76.06% above the market average76.06% above the market average
41.18% above the sector average41.18% above the sector average41.18% above the sector average41.18% above the sector average41.18% above the sector average
Price Trend
97.83% below the market average97.83% below the market average97.83% below the market average97.83% below the market average97.83% below the market average
89.74% below the sector average89.74% below the sector average89.74% below the sector average89.74% below the sector average89.74% below the sector average
Income Not Available
Growth Not Available

AEG Dividends

No dividends found

Trades for 28-Mar-2024

Time Volume / Share Price
16:08 5,789 @ 0.50p
16:07 1,259 @ 0.48p
15:49 76,640 @ 0.48p
15:37 15,583 @ 0.53p
15:36 363,500 @ 0.48p

AEG Key Personnel

CEO Michael Rowan

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