US$2 Million Debt Draw Down to Commence Construction of Revolutionary CoalSwitch Plant in North America

Active Energy, the London quoted international renewable energy, forestry management and timber processing business, is pleased to announce that further to the announcement made on 28 November 2016, it has drawn down an initial US$2 million under the US$6 million five-year unsecured loan facility, provided by Linarus FZE (“Linarus”) a  private  Dubai based  investment  company, to fund the construction of the first 35,000 tonne per annum commercial reference plant (‘the Plant’) in North America.  This is in line with the Company’s strategy to commercialise its revolutionary CoalSwitch technology, which utilises low value wood, timber, forestry and pulp mill/ saw mill by-products to produce the world’s first ‘drop-in’ biomass fuel that can be mixed at any ratio with coal or completely replace coal in existing unmodified coal powered fire stations globally.