Active Energy, announced Monday that its first commercial CoalSwitch plant in Utah, United States, was officially opened on Friday 9 February 2018.
Active Energy Chief Executive, Richard Spinks, said: 'We are now focused on the next commercial milestones for Active Energy including the global roll-out of CoalSwitch fuel and CoalSwitch production Plants, which have the potential to change the power generation industry.'
'Our products unique properties and its ability to be a direct drop-in fuel to the power industry is a game-changer. The new business opportunities in utilising the CoalSwitch process toward agricultural waste creating engineered soils adds a potential revenue opportunity for Active Energy.'
'Most importantly from an environmental perspective, CoalSwitch's ability to use the waste, residuals and poor-quality lumber generated by timberlands and timber production companies throughout the world in an economical and sustainable way, creates a win-win for all parties.'
At 8:43am: (LON:AEG) Active Energy Group share price was -0.05p at 3.6p