Active Energy Group Awarded Multiple New Patents for its Revolutionary Process that Converts Waste Biomass into Clean Fuel
13 Février 2023 - 1:00PM
Active Energy (AIM:AEG, OTCQB:ATGVF), the international biomass
based renewable energy business, has been awarded multiple new
patents for turning lumber and forestry waste into clean energy.
The patents further extend AEG’s intellectual property for its
CoalSwitch product, a first of its kind “drop-in” replacement for
traditional coal made from renewable resources.
In the US, the United States Patent and Trademark Office has
issued two patents, No. 10,647,935 and No. 10,858,607 and the
Canadian Patent Office has issued Patent No. 2,999,447, for
treating and preparing biomass to be used as fuel.
“These patents reflect and protect our innovative technology,
ensuring that we can confidently and exclusively offer CoalSwitch
and other products that help our customers reduce emissions and
pollution without needing to install or upgrade hardware, pay for
costly offsets or pay more for fuel,” said Michael Rowan, CEO of
Active Energy Group.
The award of three new Patents builds on the successful receipt
of the Malaysian Patent for CoalSwitch® in July 2022 and with
patents awarded in the United States in 2020 for the manufacturing
and production of CoalSwitch and in Canada in 2021 for
beneficiating and cleaning biomass. The Company continues to file
further patent applications globally, targeting significant markets
such as Europe and Asia.
AEG is currently in the final states of constructing its first
fully commercial scale CoalSwitch production facility in Ashland,
Maine where commissioning is expected in late spring. CoalSwitch
has been shown to reduce CO2 emissions by up to 99 percent compared
to coal and up to 97 percent compared to natural gas in an
independent report from Life Cycle Associates. This is in addition
to independent testing carried out under the STEP Program (working
with Rocky Mountain Power) that showed this fuel can readily
co-fire with coal and in doing so significantly reduces emissions
and produces fewer pollutants. Additional peer-review research
(published in 2023) shows that unlike traditional “white” pellets,
CoalSwitch does not generate ash that can “foul” equipment.
About Active Energy Group:Headquartered in
London with operations in the United States, Active Energy Group
plc (AIM: AEG, OTCQB:ATGVF) is a biomass-based renewable energy
company focused on the production and development of next
generation biomass products that have the potential to transform
coal fired power and heavy industries and the existing renewable
biomass industry.
AEG has developed a proprietary technology 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 blended and co-fired with coal at any ratio
without requiring significant plant modification or wholly
replacing existing feedstock resources. More information is
available at www.aegplc.com and www.coalswitch.us
Media Contacts
US/Media Relations
John Williams, Scoville PR for AEG
+1-206-660-5503
jwilliams@scovillepr.com
UK/Financial Media
Camarco
+44 (0)20 3757 4980
aeg@camarco.co.uk
Aegon (NYSE:AEG)
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