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Active Energy inks deal to create a new high-value soil amendment product utilising its CoalSwitch process

Active Energy said that this agreement marks a new revenue stream for the company and also demonstrates the flexibility and commercial value of its unique CoalSwitch process across multiple applications
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Initial deliveries will begin in March 2018 and the company will receive payment on a per tonne basis

Active Energy Group PLC (LON:AEG) has entered into an agreement with Young Living Farms (YLF) to create a new high-value soil amendment product utilising the company’s CoalSwitch process.

Under the terms of the agreement, YLF - an agricultural company focused on essential oils production - will supply up to 6,500 tonnes of by-product from its waste stream to Active Energy to be processed at the company’s first commercial CoalSwitch plant in Utah, United States.

READ: Active Energy set for commercial scale launch of CoalSwitch biomass fuel

The AIM-listed firm said the product from the CoalSwitch process will then be used as a high-value soil amendment for re-introduction to YLF’s crop production cycle.

It added that initial deliveries will begin in March 2018 and the company will receive payment on a per tonne basis.

Active Energy said that this agreement marks a new revenue stream for the company and also demonstrates the flexibility and commercial value of its unique CoalSwitch process across multiple applications.  

Michael Rowan, Active Energy's non-executive chairman said: “Our unique process can be applied to target specific engineered soils, which remove potentially environmentally damaging waste streams and use this as feedstock.”

He concluded: “This engineered soil becomes an environmentally responsible alternative to the use of peat moss.”

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