Sabien Technology Group PLC (AIM:SNT) shares rose 6% on Thursday morning as the company highlighted its progress in implementing a Green Aggregation Strategy.
In a trading update, the company said it is focused on expanding its M2G business, a CO2 mitigation device for boilers, and advancing the development of b.grn, a Special Purpose Vehicle targeting the commercialization of plastic-to-oil technology.
Notably, it added, M2G achieved robust sales growth, supported by the successful roll-out of its Cloud Connect service, which provides real-time efficiency analysis and cost savings for customers.
In the update, Richard Parris, Sabien executive chairman, said: "I am pleased that M2G revenue has increased by almost 62% within the financial year. This bodes well for the group's future prospects and cashflow."
He added: "In parallel, we are pursuing a transformational strategy through our b.grn affiliate, reinforcing our relationships with global production, financial, and off-take partners, while maintaining our site flexibility. In the board's opinion, this strategy is likely to maximise supply, production, and financial returns in the short to medium term."
Around 9.30am, Sabien shares were up 6.25% at 12.75p.