{"id":22557,"date":"2018-03-01T00:43:13","date_gmt":"2018-03-01T05:43:13","guid":{"rendered":"https:\/\/essentialoilsage.com\/?p=22557"},"modified":"2018-03-01T00:56:21","modified_gmt":"2018-03-01T05:56:21","slug":"active-energy-signs-supply-agreement-with-young-living-farms","status":"publish","type":"post","link":"https:\/\/essentialoilsage.com\/?p=22557","title":{"rendered":"Active Energy Signs Supply Agreement With Young Living Farms"},"content":{"rendered":"<p class=\"br\"><span class=\"bo\">28 February 2018<\/span><\/p>\n<p class=\"bs\"><span class=\"bo\">Active Energy Group Plc (&#8216;Active Energy&#8217; or the &#8216;Company&#8217;)<\/span><\/p>\n<p class=\"bs\"><span class=\"bo\">Purchase Order with Young Living Farms<\/span><\/p>\n<p class=\"bt\"><span class=\"bo\"><a href=\"http:\/\/www.aegplc.com\/\" target=\"_blank\" rel=\"noopener\">Active Energy<\/a>, the London quoted international biomass-based renewable energy and forestry management business, is pleased to announce that it has entered into an initial supply agreement with Young Living Farms (&#8216;YLF&#8217;), a leading agricultural company focused on essential oils production, for a new high-value soil amendment product, utilising the Company&#8217;s CoalSwitch\u2122 process.\u00a0 This agreement marks a new revenue stream for the Company and also demonstrates the flexibility and commercial value of the Company&#8217;s unique CoalSwitch\u2122 process across multiple applications.<\/span><\/p>\n<p class=\"bu\"><span class=\"bo\">Overview:<\/span><\/p>\n<ul>\n<li class=\"bv\"><span class=\"bh\">Agreement for YLF to supply Active Energy up to 6,500 tonnes of product, exploiting the Company&#8217;s versatile CoalSwitch\u2122 process at the Company&#8217;s first commercial plant in Utah, United States;<\/span><\/li>\n<li class=\"bv\"><span class=\"bh\" style=\"font-size: 1.4rem;\">Feedstock for the process will be by-product from YLF&#8217;s essential oil production &#8211; a \u00a0waste stream for YLF, but a highly attractive feedstock for the CoalSwitch\u2122 process;<\/span><\/li>\n<li><span class=\"bh\" style=\"font-size: 1.4rem;\">Product from CoalSwitch\u2122 process will be used as a high-value soil amendment product for the re-introduction to YLF&#8217;s crop production cycle;<\/span><\/li>\n<li><span class=\"bh\" style=\"font-size: 1.4rem;\">Initial deliveries will begin in March 2018 for which the Company will receive payment on a per tonne basis;<\/span><\/li>\n<li><span class=\"bh\" style=\"font-size: 1.4rem;\">Agreement provides a foundation for a long-term relationship with YLF and the implementation of dedicated soil amendment plant to be installed on YLF&#8217;s farm site at Mona, Utah in mid-2018; and<\/span><\/li>\n<li><span class=\"bh\" style=\"font-size: 1.4rem;\">Evaluation of roll out opportunities for additional soil amendment plants is being conducted with YLF, with three initial facilities located in the USA and Canada targeted.<\/span><\/li>\n<\/ul>\n<p class=\"bt\"><span class=\"bo\">Michael Rowan,<\/span><span class=\"be\">\u00a0Active Energy Non-Executive Chairman said,\u00a0<\/span><span class=\"be\">&#8220;The unique properties and applications of our\u00a0<\/span><span class=\"bo\">CoalSwitch\u2122 process is attracting significant attention from utility companies, government agencies and power plant operators.\u00a0 With today&#8217;s announcement, we have expanded our commercial activity to the agricultural sector.\u00a0 Our unique process can be applied to target specific engineered soils, which remove potentially environmentally damaging waste streams and use this as feedstock. This engineered soil becomes an environmentally responsible alternative to the use of peat moss.<\/span><\/p>\n<p class=\"bt\"><span class=\"be\">\u00a0<\/span><span class=\"be\">&#8220;We look forward to working closely with the YLF team over the coming months as we look to begin the wider roll out of dedicated soil amendment plants with further collaborations with YLF.&#8221;<\/span><\/p>\n<p class=\"bt\"><span class=\"be\">\u00a0<\/span><span class=\"bd\">This announcement contains inside information for the purposes of Article 7 of Regulation (EU) 596\/2014.<\/span><\/p>\n<p><a href=\"https:\/\/polaris.brighterir.com\/public\/active_energy_group\/news\/rns\/story\/r7dek1r\" target=\"_blank\" rel=\"noopener\">Source<\/a><\/p>\n","protected":false},"excerpt":{"rendered":"<p>28 February 2018 Active Energy Group Plc (&#8216;Active Energy&#8217; or the &#8216;Company&#8217;) Purchase Order with Young Living Farms Active Energy, the London quoted international biomass-based renewable energy and forestry management business, is pleased to announce that it has entered into an initial supply agreement with Young Living Farms (&#8216;YLF&#8217;), a leading agricultural company focused on [&hellip;]<\/p>\n","protected":false},"author":1,"featured_media":0,"comment_status":"open","ping_status":"open","sticky":false,"template":"","format":"standard","meta":{"footnotes":""},"categories":[1],"tags":[],"class_list":["post-22557","post","type-post","status-publish","format-standard","hentry","category-video"],"_links":{"self":[{"href":"https:\/\/essentialoilsage.com\/index.php?rest_route=\/wp\/v2\/posts\/22557","targetHints":{"allow":["GET"]}}],"collection":[{"href":"https:\/\/essentialoilsage.com\/index.php?rest_route=\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/essentialoilsage.com\/index.php?rest_route=\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/essentialoilsage.com\/index.php?rest_route=\/wp\/v2\/users\/1"}],"replies":[{"embeddable":true,"href":"https:\/\/essentialoilsage.com\/index.php?rest_route=%2Fwp%2Fv2%2Fcomments&post=22557"}],"version-history":[{"count":5,"href":"https:\/\/essentialoilsage.com\/index.php?rest_route=\/wp\/v2\/posts\/22557\/revisions"}],"predecessor-version":[{"id":22563,"href":"https:\/\/essentialoilsage.com\/index.php?rest_route=\/wp\/v2\/posts\/22557\/revisions\/22563"}],"wp:attachment":[{"href":"https:\/\/essentialoilsage.com\/index.php?rest_route=%2Fwp%2Fv2%2Fmedia&parent=22557"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/essentialoilsage.com\/index.php?rest_route=%2Fwp%2Fv2%2Fcategories&post=22557"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/essentialoilsage.com\/index.php?rest_route=%2Fwp%2Fv2%2Ftags&post=22557"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}