TIDMAEG
RNS Number : 1903R
Active Energy Group PLC
13 June 2018
Active Energy Group Plc / EPIC: AEG / Sector: Alternative
Energy
13 June 2018
Active Energy Group Plc ('Active Energy', the 'Company' or the
'Group')
Coalswitch(TM) Receives Formal Polish Market Certification and
Environmental Clearance To Commercialise New Blended "SuperFuel"
Product
Active Energy, the London quoted international biomass based
renewable energy and forestry management business, is delighted to
announce that AEG CEE Sp. z O.O. the joint venture company (the
'Joint Venture') that was recently formed between the Group and
Cobant Sp. z o.o. ('Cobant'), in Poland, has on 12 June 2018,
received confirmation that the Polish Government Burn Test
Laboratory (IChPW) has completed testing of it's new "SuperFuel"
product.
This announcement is further to the Company's announcement dated
13 March 2018, relating to the formation of a joint venture between
the Group and Cobant, a Polish research, development and coal
recovery/production company, to collaborate and to develop a new
Super Fuel product, which uses Active Energy's unique
CoalSwitch(TM) coal additive in blends with reclaimed coal from
coal slurry dumps in Upper Silesia, Poland.
Overview
-- Two laboratories, including a Polish Government laboratory,
conducted independent tests of the new 'Super Fuel' product that
utilises a blend of AEG's revolutionary CoalSwitch(TM) component
derived from sawmill waste, forestry waste with reclaimed and
cleaned coal fines from Poland's legacy coal waste dumps.
-- Results indicate that the new "Super Fuel" has a similar
calorific value to coal (>23MJ/Kg), but with significantly low
sulphur content <0.9%, low ash content, and low SOx and NOx
emissions when combusted.
-- Receipt of approval from the formal independent certification
tests enabling the commencement of commercial production of the
Super Fuel for use in coal fired power stations across Poland and
also in municipal heating and private household heating
systems.
-- The blended product is now certified to carry the Polish
Government's Ecological Safety Symbol, a requirement to allow solid
fuels to be sold without restriction in Poland.
The "SuperFuel" product is a blended 'Green Coal' product which
utilises Active Energy's revolutionary CoalSwitch(TM) technology
along with Cobant's environmentally beneficial reclaimed waste coal
slurry. The "SuperFuel" has received formal certification form the
Polish Government as it has been proven to comply with the most
stringent of environmental criteria laid down by the Polish
Government in it's new Anti-Smog legislation.
The testing confirmed that the new fuel blend meets all the
demanding requirements of the Polish Government and its new
AntiSmog legislation for the certification of solid fuels. This
enables the 'Super Fuel' to be used for domestic use in addition to
in Polish/EU coal plants due to its high calorific value, low
sulphur content, low ash content, and low SOx and NOx emissions.
Specifically, the "SuperFuel" product meets the following IChPW
standards: PN-EN 3030-5-2012 and PN0-ISO 10396:2001 allowing the
Joint Venture the right to use the "Znak Bezpieczenstwa
Ekologicznego" ("Ecological Safety Sign") on all of it's
production. This denotes that it is safe for the environment and
when tested met all environmental standards required under Poland's
new and stringent regulations for solid fuels.
The Joint Venture intends to move to production and revenue
generation now that certification has been achieved. The Joint
Venture is also in the final stages of price negotiation with
customers in the Slask Region of Poland and is confident of a
strong economic and environmental outcome for both the Company and
the region's citizens who burn significant volumes of coal in their
homes, businesses and local heating stations, creating health and
environmental hazards, which Active Energy and Cobant are now able
to replace.
Richard Spinks, Active Energy Chief Executive Officer said, "As
stated earlier this year, our intention with the Joint Venture was
to develop a 'Super Fuel' blend using CoalSwitch(TM) and the
significant volumes, in the millions of tonnes, of recovered coal
waste that our partner, Cobant, has access to. In addition, we have
proven with this recognition by the State Laboratory this rare
certification, that we are on the verge of a significant
environmental and economical perfect storm. This certification
program, although expected to reach approval at the time of
incorporating the Joint Venture, progressed much faster than
anticipated and subsequently, now that we have received all
necessary certification and commercial trade marks for the
commercialisation of this new 'Super Fuel', we hope to generate
cash flow more quickly in Poland than originally anticipated".
"Coal remains a sector of primary importance in Poland, with
coal and lignite accounting for around 90% of its energy production
and with millions of Polish homes still utilising over 10 mln
tonnes per annum of coal including low quality coals for their
heating and hot water needs. However, the Government has taken a
proactive approach to reducing pollution and improving health in
Poland, and particularly in the industrial region of Upper Silesia,
saying that the fight for green air was a priority and recently
launching a programme called StopSmog to help address the problem.
Our unique Active Energy/Cobant "SUPERFUEL" has been approved by
the Polish Government Laboratory as a solution that not only meets
all of their requirements under the "Anti-Smog" legislation, but is
safe enough not only to use in Power Plants, but right there in the
homes of Polish Citizens who until today face health and
environmental issues, which we will now help to improve into the
future.
"This is an extremely exciting time for the Company as
international interest in CoalSwitch(TM) globally continues to
build and we look forward to updating our shareholders with updates
on our progress and additional opportunities."
Jakub Sza atkiewicz Phd Eng Assistant Professor, Cobant Sp. z
o.o. said "We consider the new 'Super Fuel' developed together with
Active Energy to be a great success, providing an opportunity for
the implementation of Active Energy's innovative technology
alongside our work in the innovative recovery and upgrading of coal
from Polish legacy coal waste dumps to make a real difference in
the environmental and health spheres of our country and the lives
of our fellow citizens. This new 'Super Fuel' has been co-developed
by Cobant within an existing R&D project that has been partly
funded by the Polish National Centre for Research and Development
from European Regional Development Fund of the European Union. Our
joint venture with Active Energy is mutually beneficial as we are
now able to provide a high quality new 'Super Fuel' which can be
utilised both in commercial power plants and domestic settings,
increasing the value of the underlying coal to otherwise
unreachable levels, whilst cleaning up our country's environment,
land and waterways.
"We anticipate that our Super Fuel will play a major role in the
fight to meet Polish emissions targets and clean air requirements
and we look forward to rapidly advancing to commercialisation over
the coming months."
This announcement contains inside information for the purposes
of Article 7 of Regulation (EU) 596/2014.
**S**
Enquiries & Further Information:
Website LinkedIn
www.active-energy.com www.linkedin.com/company/activeenergy
www.aeg-plc.com
--------------------------------------
Enquiries
Active Energy Group Michael Rowan michael.rowan@aegplc.com
Plc Executive Chairman
------------------------------ ----------------------------
Richard Spinks richard.spinks@aegplc.com
Chief Executive Officer
------------------------------ ----------------------------
Northland Capital David Hignell / Gerry Beaney Office: +44 (0)20
Partners Limited 3861 6625
Nominated Adviser
------------------------------ ----------------------------
Optiva Securities Graeme Dickson / Ed McDermott Office: +44 (0)20
Ltd Broker 3137 1902
------------------------------ ----------------------------
St Brides Partners Susie Geliher / Isabel de info@stbridespartners.co.uk
Financial PR Adviser Salis 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.
About CoalSwitch(TM)
CoalSwitch(TM) is Active Energy's revolutionary direct drop-in
coal replacement biomass fuel that can be mixed in any ratio with
coal fines or completely replace coal in existing coal-fired power
stations, without retrofit. The Group believes CoalSwitch(TM) has
the potential to act globally not only as an emissions reductant,
but as a sulphur capture and reduction compound. In addition,
chemical binders, which have traditionally been used in the global
reclaimed coal reclamation sector, are no longer required when
utilising CoalSwitch(TM) pellets. Moreover, some additional savings
are possible for power plant operators, as usage of this new
alternative coal fuel does not require such intensive
desulphurisation and the fuel has lower ash content.
About Cobant:
Cobant has been operating since 2014 carrying out research and
development using modern research methods and techniques. In these
activities Cobant has developed and tested prototype installation
allowing in-field verification of developed innovative technology
allowing recovery of high quality coal from coal waste slurries
deposited around Poland. Cobant has focused on the Upper Silesian
region, where the EU mandates the clean-up of brownfield coal waste
sites.
Cobant provides comprehensive support for strategic stages of
development, establishing cooperation within the academic community
and scientific institutions and has two laboratories which will be
utilised by JVA company, in Silesia. One of which is located at the
Silesia Polytechnical University in Slask, Poland.
The scope of Cobant's activities also includes the development
of effective strategy, creation of innovations, implementation of
revolutionary solutions and commercialisation of knowledge gained
with a focus on the coal mining and coal-fired power industries of
Poland and the CEE.
The Cobant team consists of a dozen of Poland's leading experts
from academia and industry with decades of experience in this
sector in addition to relationships and experience of working with
the Polish coal industry and coal-fired power operators for many
years.
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END
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