Sign up United Kingdom
Proactive Investors - Run By Investors For Investors

Active Energy Group targets Polish coal dumps with CoalSwitch venture

Poland is considered one of the most polluting coal-burning countries in Europe
coal
Poland relies heavily on coal

Active Energy Group PLC (LON:AEG)  is to work with Polish group Cobant on a new "Super Fuel" combining CoalSwitch and reclaimed coal from slurry dumps in Upper Silesia.

Pawel Woszczyk, Cobant’s chief executive, said the waste coal accumulated in the coal slurry waste dumps can become a valuable feedstock and a real alternative for the power industry in Poland. 

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

“Poland is historically bound to coal so a complete reversal and refocus on new fuel sources would be extremely difficult to implement.

"A new "Super Fuel" innovatively formed between coal and biomass would have significant implications for the economy and the environmentally friendly use of coal in Poland, including significantly reducing smog."

The joint venture will assess the best ratio for a combination of reclaimed coal and Active Energy's wood-derived CoalSwitch biomass alternative.

Sales will be in Poland initially but eventually roll-out across the European Union and central Europe, both for power stations and domestic users.

Richard Spinks, Active Energy’s chief executive said Poland is considered one of the most polluting coal-burning countries in Europe. 

WATCH: Active Energy inks CoalSwitch joint venture with Polish group Cobant

“The group's objective with this JVA with Cobant is to support this significant industry and regional employer in its efforts to meet its emissions targets and clean air requirements, whilst finding a use for their legacy and arising coal waste in a 'Super Fuel' blend.  

“Both Active Energy and Cobant believe this can be achieved by reconfiguring the feedstock of coal power plants to maximise output and enabling power plant operators to achieve their green credentials, whilst beating the mandated emission reduction targets set out by the European Union for 2020 and targeting the more ambitious targets for 2030.”

Shares rose 5% to 4.38p.

-- adds share price--

 

View full AEG profile View Profile

Active Energy Group PLC Timeline

Related Articles

oil and gas operations
April 09 2018
A 'high priority' exploration area is being advanced offshore Ireland, production growth is still on the cards onshore UK, and the company recently said it was looking at potential new opportunities.
oil well
August 22 2018
Production in the six months to June rose 64% following a workover campaign on the three producing wells
Trinidad drilling
July 23 2018
The City broker’s bullish view comes after its analysts upgraded their sum-of-the-parts valuation for the Trinidad-focused oil producer by circa 20% to 35p, up from 29p previously

No investment advice

The Company is a publisher. You understand and agree that no content published on the Site constitutes a recommendation that any particular security, portfolio of securities, transaction, or investment strategy is suitable or advisable for any specific person. You further understand that none of the information providers or their affiliates will advise you personally concerning the nature, potential, advisability, value or suitability of any particular security, portfolio of securities, transaction, investment strategy, or other matter.

You understand that the Site may contain opinions from time to time with regard to securities mentioned in other products, including company related products, and that those opinions may be different from those obtained by using another product related to the Company. You understand and agree that contributors may write about securities in which they or their firms have a position, and that they may trade such securities for their own account. In cases where the position is held at the time of publication and such position is known to the Company, appropriate disclosure is made. However, you understand and agree that at the time of any transaction that you make, one or more contributors may have a position in the securities written about. You understand that price and other data is supplied by sources believed to be reliable, that the calculations herein are made using such data, and that neither such data nor such calculations are guaranteed by these sources, the Company, the information providers or any other person or entity, and may not be complete or accurate.

From time to time, reference may be made in our marketing materials to prior articles and opinions we have published. These references may be selective, may reference only a portion of an article or recommendation, and are likely not to be current. As markets change continuously, previously published information and data may not be current and should not be relied upon.

© Proactive Investors 2018

Proactive Investors Limited, trading as “Proactiveinvestors United Kingdom”, is Authorised and regulated by the Financial Conduct Authority.
Registered in England with Company Registration number 05639690. Group VAT registration number 872070825 FCA Registration number 559082. You can contact us here.

Market Indices, Commodities and Regulatory News Headlines copyright © Morningstar. Data delayed 15 minutes unless otherwise indicated. Terms of use