|  

Active Energy Plans Coal Switch Plant in North Carolina

16.01.2019 − 

Active Energy Group, listed on the London Stock Exchange, has finalised its plans for the construction of the first commercial Coal Switch plant. A letter of intent (LoI) was signed with Alamac Holdings for the acquisition of an industrial site in Lumberton, North Carolina, according to an announcement published on 11 January. A due diligence review initiated in this context is expected to be completed by February 28. According to Active Energy, a production building with a total area of 415,000 sqft (approx. 38,500 m²) is located on the 145 acres (approx. 58 ha) site. The site, which was used by Alamac American Knits for the production of textiles until mid-2017, has additional facilities such as water treatment as well as laboratory and office space, which Active Energy also intends to acquire in the planned purchase. According to the company, the remaining operating permits can also be transferred to the buyer.

Immediately after the completion of the planned transaction, Active Energy therefore plans to relocate the pilot plant with a capacity of 5 t/h or 35,000 t/year in Salt Lake City/Utah, which went into operation at the end of 2017, to Lumberton and start commercial production of CoalSwitch pellets. This is a fuel that can be produced using a wide variety of cellulosic biomass. According to the company, the use of CoalSwitch pellets would make it possible to substitute coal in existing conventional power plants without having to invest in adapting the technical equipment.

Tags of this news:

previous − Derome now partner in Eurobaustoff since 1 January

Fermacell was renamed James Hardie Europe  − next