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27-28 Eastcastle Street
London, ENG W1W 8DH
United Kingdom
12 Hay Hill
London W1J 8NR
United Kingdom
Finsgate, 5-7 Cranwood St.
London, ENG ECIV 9EE
United Kingdom
2nd Floor Cannongate House,
62-64 Cannon Street
London, ENG EC2N6AE
United Kingdom
20 Fenchurch Street
London, ENG EC3M 3AG
United Kingdom
5 St. Helen's Place
London, ENG EC3A 6AB
United Kingdom
AEG has developed a proprietary technology platform which transforms waste biomass material into high-value renewable fuels. Its patented product CoalSwitch® is a leading drop-in biomass renewable fuel that can be co-fired with coal, completely replace coal as an alternative feedstock without requiring significant plant modifications or wholly replace existing biomass feedstock resources.
In 2022 the Company has been working closely with Player Design International Inc ("PDI"), our strategic partner, to complete a redesign of both the manufacturing process and the process reactors to enable production of industrial volumes of CoalSwitch®. This redesign work has now been completed. PDI, as a significant investor in AEG, shares AEG's focus to develop the significant economic opportunities for CoalSwitch® and its recent commitment toward the redesign of the CoalSwitch® plant further demonstrates this. "In order to accelerate the supply of production volumes of CoalSwitch, PDI has now committed to take full responsibility for permitting, financing and constructing the first CoalSwitch® production plant in Ashland, Maine (the "Ashland Facility") which PDI will own and operate. PDI has already ordered the parts required for the completion of the Ashland Facility and has confirmed that first production volumes of CoalSwitch® will commence during the first quarter of 2023. Active Energy will sell these volumes of CoalSwitch®, once produced, to prospective customers.