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SIMEC Atlantis says positive Uskmouth test results have 'huge implications for viability of project'

SIMEC Atlantis Energy PLC's (LON:SAE) CEO Tim Cornelius and Director of Project Delivery David Taaffe caught up with Proactive London's Andrew Scott after announcing that combustion tests have confirmed that waste converted to pellets can be burnt successfully to fuel at its Uskmouth power project in Wales. Mitsubishi Hitachi Power Systems (MHPS) is designing and developing the combustion unit at the plant and undertook the heavy industrial test at its research plant in Nagasaki in Japan.

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Price: 16.5 GBX

AIM:SAE
Market: AIM
Market Cap: £82.78 m
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Fundraise clears way to financial close at Uskmouth says SIMEC Atlantis...

Tim Cornelius, chief executive of SIMEC Atlantis PLC (LON:SAE) says its £7.5mln fundraise this week clears the way through to the financial close of the Uskmouth power conversion project. Both the retail and institutional offers were heavily oversubscribed, he adds, with the money earmarked for...

6 days, 20 hours ago

2 min read