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Active Energy closes buy of US site for biomass fuel production

The Lumberton site in North Carolina. Source: Active Energy Group Plc

March 27 (Renewables Now) - UK-based renewables firm Active Energy Group Plc (LON:AEG) has wrapped up the purchase of an industrial site in the US state of North Carolina, where it plans to house the first permanent production facility for its CoalSwitch biomass fuel.

AEG has bought the Lumberton site from Alamac Holdings LLC for USD 3.3 million (EUR 2.9m).

The site is strategically located close to AEG's joint venture partner Georgia Renewable Power LLC (GRP) and comprises up to 415,000 sq ft (38,555 sq m) of covered factory space and around 151 acres (61 ha) of surrounding land. It will serve as the new base for all of Active Energy's CoalSwitch operations in the US.

The installation on the Lumberton site will represent a five-tonne-per-hour plant that utilises existing equipment and facilities from AEG’s current site in Utah, it was previously announced.

In October 2018, Active Energy set up a JV with GRP to install facilities for the production of CoalSwitch biomass fuel at the US company’s biomass-to-energy power plants.

(USD 1.0 = EUR 0.888)

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Ivan is the mergers and acquisitions expert in Renewables Now with a passion for big deals and ambitious capacity plans.

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