Reach - non-regulatory announcement*
7 September 2023
Active Energy Group Plc
("Active Energy" or the "Company")
AEG becomes Member of the IBTC
Active Energy (AIM:AEG, OTCQB:ATGVF), a producer of sustainably-sourced, energy-dense clean carbon products and technologies, is pleased to announce that it has been voted by the members of the International Biomass Torrefaction and Carbonisation Council ("IBTC") to join the IBTC.
The IBTC is an organisation promoting the sustainable production of vital torrefied or carbonised technology products on a global scale, with an aim to efficiently replace carbon-emitting fuels such as coal. The IBTC members are chosen due to their commitment to contributing to the acceleration of the global transition to cleaner, more carbon-neutral fuels. Torrefaction, pyrolysis, carbonisation and even steam explosion are all thermal treatment processes which the members are developing to upgrade solid biomasses into substitutes for conventional carbon. The IBTC membership includes all industry participants, including fuel suppliers and component manufacturers.
The IBTC and Active Energy believe steam explosion processes, torrefied or sustainably sourced carbonised biomass and waste feedstocks will efficiently replace fossil carbon in all industries and applications.
Michael Rowan, CEO of Active Energy, commented: "We are extremely pleased to have been elected as a full member of the IBTC, alongside many of the key global players in the biomass supply chain. Our mission is aligned wholly with that of the IBTC, and we look forward to supporting them and utilising our products and proprietary technologies to assist in the IBTC's mission to increase the awareness and education around cleaner, carbon neutral fuels and their benefits."
Enquiries:
| Active Energy Group Plc | Michael Rowan (Chief Executive Officer) Michelle Fagan (Chief Financial Officer) Barron Hewetson (Chief Technology Officer) | info@aegplc.com |
| Allenby Capital Limited Nominated Adviser and Broker | Nick Naylor/James Reeve/Daniel Dearden-Williams (Corporate Finance) Amrit Nahal (Sales/Corporate Broking) | Office: +44 (0)20 3328 5656 |
| Camarco Financial PR Adviser | Tom Huddart / Emily Hall / Lily Pettifar | aeg@camarco.co.uk Office: +44 (0)20 3757 4980 |
| Scoville PR US PR Adviser | John Williams | aeg@camarco.co.uk |
| International Biomass Torrefaction and Carbonisation Council | IBTC Office |
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| Website | | |
| www.aegplc.com | www.linkedin.com/company/activeenergy
| @aegplc |
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