Active Energy signs biomass fuel manufacturing deal
14th Sep 2015 11:45
(ShareCast News) - Active Energy has entered into a joint venture agreement with Utah-based Biomass Energy Enhancements to exclusively commercialise a new clean energy biomass fuel manufacturing process. Active Energy said the joint venture company, AEG CoalSwitch Limited, in which it has been grant
Read moreActive Energy expects full year results to be hit by Ukraine law and production delays
12th Aug 2015 08:49
(ShareCast News) - Shares in Active Energy plunged 12% early on Wednesday, after the woodchip and timber supplier revealed its outlook for the second half was hit by legislative changes in Ukraine. The London-listed company said production and shipping in the first half of 2015 were in line with for
Read moreActive Energy shares rise as investigation delayed
31st Jul 2015 16:09
(ShareCast News) - An investigation into Active Energy's involvement in a joint venture which could have breached protected forest rules in Canada was delayed. Shares in the woodchip supplier rose to 1.9% to 5.86p at 1500 BST. The Ministry of Aboriginal Affairs of Alberta launched an investigation
Read moreActive Energy says wood chip volumes will be hit by delays
13th Jul 2015 11:46
(ShareCast News) - Wood chip supplier Active Energy said delays in installing new handling equipment will result in a reduction in forecast hardwood wood chip volumes for 2015. The group said that as a result of delays in ordering the necessary equipment and a longer-than-expected lead time for inst
Read moreActive Energy CEO buys new shares
30th Jun 2015 15:47
The chief executive of Active Energy Group increased his stake, the timber company said on Tuesday. Richard Spinks bought 300,000 new shares for an individual price of 5.5p, spending a total of £16,500. Following the transaction, Spinks holds 9.79m shares in the group, which represent 1.75% of its
Read moreActive Energy non-executive director steps down
22nd Jun 2015 08:43
Joseph Valoroso has stepped down from his role as non-executive director of Active Energy Group, the woodchip and timber products supplier confirmed on Monday. The London-listed company said Valoroso will leave the group on 22 June and that a recruiting process had already begun. "On behalf of my c
Read moreActive Energy confident that latest forestry venture is legitimate
17th Jun 2015 09:01
Active Energy Group (AEG) said it remains confident of its latest forestry venture's legal validity, reiterating the sentiment posted in its annual report last week. The venture, which will be carried out with a native group from Canada, comes as Alberta's Ministry of Aboriginal Affairs is due to ru
Read moreActive Energy annual loss shrinks, as revenue jumps
8th Jun 2015 13:46
Green energy supplier Active Energy Group said its pre-tax loss for 2014 narrowed, while its revenue increased sharply on the back of a restructuring of its operations. The London-listed group, which focuses on the supply of wood chips and timber products, said its annual pre-tax loss in the year to
Read moreActive Energy soars after Turkish deals and expanded production
12th Jan 2015 14:33
Active Energy Group announced on Monday that it has signed two new supply contracts with Yildiz Entegre, a Turkey-based producer of medium-density fireboards (MDF). Under the agreements, the AIM-listed group will deliver up to 300,000 metric tonnes of hardwood wood chip and a further 300,000 metric
Read moreActive Energy unveils new biomass fuel pellet system
21st May 2014 13:09
Green fuel supplier Active Energy Group (AEG) has unveiled a new system for turning biomass into pellets, boosting its shares. AEG plans to use the technology to turn sawdust and other industrial and farming by-products into fuel granules for use in power-generating household boilers and bigger pow
Read moreActive Energy reduces reliance on Ukraine
10th Apr 2014 10:59
Active Energy (AEG) has completed the relocation and restructuring of its Ukraine operations and made progress with its intention to expand into Montenegro and Spain. The group has completed the relocation of its Ukrainian MDF wood chip operations into a single dockside facility at Yuzhny Port, nea
Read moreActive Energy to ramp up production after new European contracts
10th Feb 2014 09:23
Active Energy (AEG), the AIM-listed supplier of woodchip and timber products, saw its share price jump on Monday after the company concluded two important commercial deals which it says will improve operating efficiencies and drive down processing costs. Firstly, the firm secured its third Turkish
Read moreActive Energy wins Turkish contracts
13th Jan 2014 14:40
Biomass fuel and timber supplier Active Energy has won deals worth about 24m US dollars to provide wood chip to two Turkish fibre-board manufacturers, lifting its shares. Active will supply about 228,000 tonnes of chip in the next year, deliveries of which have already started from the company's po
Read moreBiomass supplier Active Energy wins Italian deal
14th Aug 2013 11:03
Ukrainian biomass supplier Active Energy has won a major contract with green energy generator Biomasse Italia, lifting its shares by a quarter. Active, which supplies woodchip and related timber products to biomass power generators, said it will ship at least 240,000 tonnes of biomass from its Blac
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