Active Energy delays CoalSwitch® fuel production

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Active Energy, the international biomass based renewable energy business, has announced a delay on its CoalSwitch® manufacturing facility at Ashland, Maine in the US.
The facility will not be ready to commence production before the end of Q3 2023, due to delays in receipt of key components and associated equipment.
Operations at the Ashland Facility and production of CoalSwitch® are now expected to commence in November.
Accordingly, Active Energy will not have CoalSwitch® fuel available for delivery to its potential customers during September 2023.
Michael Rowan, CEO of Active Energy, commented:  "The delay in completion of the Ashland Facility is obviously disappointing news for the CoalSwitch® programme.
"Nonetheless, despite the production delay, we continue to be actively engaged with an increasing number of potential customers for CoalSwitch® and the current level of engagement confirms the future commercial opportunities for the fuel.
"I look forward to updating shareholders in the announcement of our interim results later in the month."

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