AEG CoalSwitch Appoints Bus. Development Director

RNS Number : 5909O

Active Energy Group PLC

10 February 2016

 

10 February 2016

Active Energy Group Plc
("Active Energy Group" or the "Group" or the "Company" or "AEG")

AEG CoalSwitch Appoints International Industry Executive
as Director of Business Development

AEG CoalSwitch, the recently-announced renewable energy division of Active Energy Group Plc (AIM: AEG.L), the AIM-listed supplier of timberland management and development services, industrial wood fibre and Biomass coal replacement fuels, is pleased to announce the appointment of Dan Shaw, an experienced industry professional, as Director of Business Development.

Dan is an entrepreneurial business and new ventures executive, with more than 25 years' high-level international experience across the mining, minerals and chemicals industries, during which time he has gathered a valuable global network of investment, manufacturing and technology contacts. 

His previous positions have included Director of New Ventures and Corporate Development at Harsco Metals & Minerals, a division of Harsco Corporation, where he was responsible for initiating and developing a range of projects globally; and working with a prominent Middle Eastern investment fund to establish new manufacturing operations in the metals, energy and advanced materials industries.

Prior to that he spent several years working as a business analyst and product and process development manager in the steel, metals, chemical and materials industries, and acted as a consultant to firms in the metals, IT services and industrial processing sectors.

Dan holds a BSc (Hons) in Applied Chemistry 1st Class and an MBA (Commendation) in International Business from Bristol University; and is the inventor of two US patents for metallurgical recycling technologies. He is a UK citizen, currently based in the US.

Working with the existing US- and UK-based business development team at AEG CoalSwitch, his role will include negotiating with international power generation utilities and raw material feedstock owners to further develop the commercial opportunities for the company's Biomass-derived coal replacement fuel technology, which has generated enormous international interest since it was announced in September 2015.

Commenting on Dan's appointment, Richard Spinks, CEO of Active Energy Group Plc, said "My colleagues and I have known and worked with Dan over the past few years, and are delighted that he recognises the huge opportunity for AEG CoalSwitch's 'drop-in' coal replacement fuel and has agreed to be a part of the company's commercial development.  We're confident that Dan has the industry knowledge and experience to ensure that AEG CoalSwitch enters the energy mainstream and is adopted worldwide, realising its potential as the first renewable energy fuel that can be utilised in coal-fired power stations without requiring retrofitting or facilities conversion."

- ENDS -
 

ABOUT ACTIVE ENERGY GROUP PLC:

Active Energy Group Plc is a London Stock Exchange AIM-quoted company (AIM: AEG.L).  Headquartered in the UK, it is a fast-expanding international business that has experienced exceptionally strong growth and diversification into complementary industry sectors since the current management team assumed responsibility in mid-2012.

The Group has considerable expertise across the entire timber industry supply chain - from forest to factory and fuel.

Its three trading divisions, which operate as independent business units but work together to optimise resources and opportunities, are focussed on providing environmentally-sensitive solutions to specific global market sectors:

·   AEG TimberLands: Forestry Asset Management and Development

·   AEG WoodFibre: Industrial Wood Fibre for Medium-Density Fibreboard (MDF) Manufacturing

·   AEG CoalSwitch: Advanced Biomass Coal Replacement Fuels and Fuel Processing Systems

Active Energy Group Plc operates from four international locations:

·   Ukraine, where it is the largest producer and exporter of wood fibre for the Turkish MDF manufacturing sector.

·   Canada, where it has entered into a joint venture with several indigenous Métis Settlements to commercialise in excess of 300,000 hectares of their lands, which contain valuable forests and natural resources.

·   The United Kingdom and United States of America, where it develops advanced Biomass fuels and fuel processing systems that convert waste wood and industrial/agricultural residues into coal replacement feedstock for clean energy power generation in a joint venture with Biomass Energy Enhancements LLC.

Active Energy Group Plc is led by a highly experienced management team, supported by forestry, timber processing and renewable energy experts within its trading divisions.  All possess a proven track record in the industries and regions in which the company operates and from which its revenues are generated. 

The Group has grown significantly in recent years, and has established a firm foundation, excellent reputation and international customer base upon which to deliver lasting value to all stakeholders.

WEBSITE:	LINKEDIN:	TWITTER:
www.active-energy.com	www.linkedin.com/company/activeenergy	www.twitter.com/aegplc  (@aegplc)

ENQUIRIES:

Active Energy Group Plc
Dan Shaw	[e-mail]	Intl.:	[phone]
Director of Business Development, AEG CoalSwitch		UK:	[phone]
Richard Spinks	[e-mail]	Intl.:	[phone]
Chief Executive Officer, Active Energy Group Plc		Ukraine:	[phone]
Mark Broomer	[e-mail]	Intl.:	[phone]
Corporate Communications, Active Energy Group Plc		UK:	[phone]

 

END

 

 

NRAGGUGCPUPQUCU