Active Energy has three operating divisions, AEG TimberLands: AEG Woodfibre and AEG CoalSwitch
AEG Timberlands works with forestry owners to maximise the value of their standing timber assets, converting low-grade material – primarily non-saw logs/technical lumber and forestry thinnings – into industrial wood fibre for medium density fibreboards (MDF) via the AEG WoodFibre division, and green energy power generation via the AEG CoalSwitch joint venture which produces a unique biomass fuel. The company claims that this can directly replace coal in traditional power plants (unlike other biomass fuels that require extensive changes to the plant), thereby providing a low-pollution sustainable energy source.
Exchange: London AIM (AEG)
Financial Data from Exchange website: LSE summary
Recent Financial Report: :Interim Results for six months to June 30 2017
At the end of 2011, following the purchase of a Ukraine wood processing company, Active Energy re-invented itself and refocused on biomass and forestry products, becoming the largest exporter of processed wood products in Ukraine and inter alia a major supplier of wood for Turkish MDF producers. Turkey is the largest manufacturer of MDF in Europe.
AEG subsequently expanded into Canada, the US and the UK. In 2015 AEG established the CoalSwitch joint venture with Biomass Energy Enhancements Llc, a Utah-based company that has patents for processing wood-based biomass for direct use in power stations. A demonstration plant in Salt Lake City supports trials in the USA and elsewhere.
Contact Details: Active Energy Group Plc, Mwldan Business Park, Bath House Road, Cardigan, Ceredigion, SA43 1JY, U.K.
Tel +44 (0)1239 621 867
Chairman (Interim, non-executive): Michael Rowan
CEO: Richard Spinks
Fields of interest: Bioenergy