logo-loader
Energy
Active Energy Group PLC

Active Energy boss upbeat on Ukrainian wood chip operation

Richard Spinks, the chief executive of Active Energy (LON:AEG), says the installation of a stationary chipper will bring great economies of scale and cost savings to the firm’s wood chip business in Ukraine.

The chipper will be capable of quadrupling capacity at its facilities at Yuzhny Port; although it won’t be fully operational until late August, Active told investors today.

“We’re putting in one thousand tonnes of concrete in at the moment – this is a big machine,” said Spinks.

Volumes from the hardwood chip operation are still set to grow more than 100% on the 154,103 tonnes achieved in 2014.

Quick facts: Active Energy Group PLC

Price: £0.01

Market: LSE
Market Cap: £6.61 m
Follow

Add related topics to MyProactive

Create your account: sign up and get ahead on news and events

NO INVESTMENT ADVICE

The Company is a publisher. You understand and agree that no content published on the Site constitutes a recommendation that any particular security, portfolio of securities, transaction, or investment strategy is...

FOR OUR FULL DISCLAIMER CLICK HERE

Watch

Full interview: Phunware to launch Initial Exchange Offering for its Phun...

Phunware Inc (NASDAQ:PHUN) CEO Randall Crowder tells Proactive the tech company is launching an Initial Exchange Offering for its own new currency called Phun tokens, and explains the difference between this and an Initial Coin Offering. Crowder says the company hasn't raised funds since...

26 minutes ago

2 min read