Active Energy receives FSC® certification
Active Energy Group Plc: AEG / Sector: Alternative Energy
15 March 2022
Active Energy Group Plc
('Active Energy', or the 'Company')
Active Energy receives FSC® certification
Active Energy, the AIM-quoted renewable energy business focused on the production of next generation energy pellets, is pleased to announce that it has achieved Chain of Custody (CoC) and Controlled Wood certification compliant with the Forest Stewardship Council® ("FSC") standards for its CoalSwitch™ fuel.
The process of attaining this certification has included rigorous audits by independent accredited certification body SCS Global Services. These audits examine the full CoalSwitch™ production process, encompassing the entire supply chain from feedstock source to final production of fuel. Active Energy's certification to these FSC standards confirms that the production of CoalSwitchTM will use forest-based materials from responsible sources and that the Company's suppliers have committed to the strictest standards currently governing forest management.
The FSC certification is the basic market prerequisite to permit biomass products to be sold into many of Active Energy's target markets. Certification to FSC represents a significant milestone and allows the Company to engage with a wider range of prospective customers who share Active Energy's commitment to sustainability. While not a legislative requirement in many jurisdictions, a number of prospective customers have indicated that FSC certification will support their corporate Environmental, Social and Governance (ESG) agendas, enhancing the prospect of future orders.
Michael Rowan, CEO of Active Energy, said:
"We are delighted to have received certification to FSC, following an audit, by an accredited third-party certification body SCS Global Services, of our current and forthcoming operations, from the sourcing of our waste residuals, through to the final production of the CoalSwitch biomass fuel. Not only does this certification confirm to our prospective customers that protection of the environment is at the heart of our operations, the FSC certification guarantees that CoalSwitch is produced from responsibly managed sources.
"Japan is a key target market for new generation biomass fuels. Active Energy has been delivering samples of CoalSwitch to potential customers who regard FSC as a major pre-requisite for future sales contracts. The achievement of this certification opens up new sales opportunities for Active Energy.
"We look forward to updating shareholders further as we continue to progress on the development of our Ashland production facility in Maine. We are looking forward to beginning to produce significant volumes of CoalSwitch to meet the indicative international demand we are seeing."
Enquiries:
|
Active Energy Group Plc |
Michael Rowan (Chief Executive Officer)
Andrew Diamond (Chief Financial Officer)
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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)
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+44 (0)20 3328 5656 |
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Panmure Gordon & Co Joint Broker |
John Prior / James Sinclair-Ford / Harriette Johnson (Corporate Finance)
Hugh Rich (Corporate Broking)
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+44 (0)20 7886 2500 |
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Camarco Financial PR Adviser |
Gordon Poole / Tom Huddart / Emily Hall |
aeg@camarco.co.uk +44 (0)20 3757 4980 |
About FSC
The Forest Stewardship Council ("FSC") is an independent, not for profit, nongovernmental organization established to support environmentally appropriate, socially beneficial, and economically viable management of the world's forests. FSC chain of custody certification provides a credible assurance that products which are sold with an FSC claim originate from well-managed forests, controlled sources, or reclaimed materials.
About Active Energy
Active Energy 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 fuel. 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 significant plant modifications. Active Energy's immediate strategic focus is the production and commercialisation of CoalSwitch™.
FSC Licence Code: FSC-C175386
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