Active Energy and Lumino to Build Biomass Plants in Asia

Active Energy and Lumino to Build Biomass Plants in Asia

Advanced Biomass Solutions (ABS), an affiliate of Active Energy, has entered
into an agreement with California-based Lumino Capital for the financing,
development and operation of eight CoalSwitchT plants across South East
Asia.

Under the terms of the non-exclusive agreement ABS and Lumino will work
together on financing, development and operation of each CoalSwitchT plant.
Each plant will be capitalized primarily by equity investments and debt
financing from Lumino and a consortium of financial institutions.

Lumino and its affiliates will also supply woody biomass feedstock that will
be used in the plants and processed into CoalSwitchT. Lumino will also
source long-term off-take agreements with entities in Japan and South Korea,
including two biomass plants currently under development by its parent,
Solariant.

Brian Evans-Jones, Active Energy and ABS Director stated, "We believe this
is a transformational agreement for both Active Energy and ABS. Lumino is a
fantastic partner with immense experience within the renewable energy
sector. Together, we intend to create a vertically integrated model
encompassing the key components needed for the successful commercial
roll-out of CoalSwitchT. Lumino will utilise its network of finance
providers, as well as source both woody biomass and long-term offtake
agreements, whilst ABS will supply the technology and plant construction."

ABS will be responsible for the construction and ongoing operations,
management and the maintenance of each CoalSwitchT plant.

Daniel Kim, Lumino Managing Director, said, "We believe that CoalSwitchT is
a game-changing biomass product that has the potential to transform the
energy sector. We have been involved in the renewable energy sector for
years, developing, constructing and financing renewable energy power plants
and pellet mills across Asia. We see this Agreement as a terrific
opportunity that works to our strengths and leverages our position and
contact base. I am looking forward to working with ABS and being a part of
the forthcoming commercial roll-out of CoalSwitchT."

CoalSwitchT has a unique solution to enable coal-fired power plants to
continue operating at acceptable environmental standards. To facilitate the
expansion, ABS is establishing operations in the Americas, Europe and Asia
and has representation in those areas in terms of business development and
technical support.

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Link to Original Article:
https://www.renewableenergymagazine.com/biomass/active-energy-and-lumino-to-
build-biomass-20170921/

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John Diecker
APT Consulting Group Co., Ltd.

www.aptthailand.com




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