Tag Archives: active
Active Energy Says Wood Chip Shipments Dipped But Remains Positive
Wed, 9th Oct 2013 10:33 LONDON (Alliance News) – Active Energy Group PLC Wednesday said the amount of wood chip it shipped in the three months to September 30 declined compared with the three months ended June 30. In a trading update the biomass fuel provider said it shipped 50,000 metric tonnes of wood chip between July and September, down from 57,000 metric tonnes between April and June, of which 38,000 metric tonnes was subject to a profit-sharing arrangement with Nikofeso Holdings Limited, a biomass exporter it acquired in June. Active said the third quarter shipments have generated gross revenue of USD5.3 million for the group and “reflect positively in the context of a clearly growing market opportunity”. The company plans to ship up to 350,000 metric tonnes of wood chip a year on Black Sea markets by the end of 2015, with a similar quanta of cargoes of power plant feedstock shipped to European clients. The entire volume shipped in the third quarter was for biomass feedstock to customers in Southern Europe, while shipments to clients engaged in medium-density-fibreboard manufacture in the Black Sea region are expected to resume in the fourth quarter in parallel with continuing biomass shipments. The company expects to release its results for the year ended December 31 in March or April 2014. Active shares were trading at 2.65 pence Wednesday, up 0.15 pence or 6.0% By Anthony Tshibangu; anthonytshibangu@alliancenews.com; @AnthonyAllNews Continue reading
Agreement To Boost Jatropha Growth In Ghana
GHANA – Ghana-based Smart Oil, active in the production of renewable energy from jatropha curcas and subsidiary of Italian company Smart Oil 2, has signed a license and services agreement with Quinvita, a developer of jatropha as a sustainable bioenergy crop. The agreement provides Smart Oil with access to Qunivita’s advanced agronomy know how as it plans to further develop its 700 hectare jatropha plantation, reports Biofuels International. ‘‘This is a logical step in the further development of our current Jatropha plantation,” claims Smart Oil 2 chairman Rodolfo Danielli. “The Smart Oil plantation is without any doubt one of the most advanced in the northern hemisphere to deliver profitable Jatropha curcas,” adds Quintiva CEO Henk Joos. “In addition it is located in one of the most suitable growing belts for Jatropha in the world.” TheBioenergySite News Desk Continue reading
