- Active Energy Group has entered into a joint venture agreement with Biomass Energy Enhancements LLC of Utah to exclusively commercialise a revolutionary new clean energy biomass fuel manufacturing process.

The joint venture company, AEG CoalSwitch Limited, in which Active Energy Group (AEG) has been granted a majority 51% equity interest, will be incorporated in the UK, and will hold the global intellectual property rights (IP) for the fuel manufacturing process, for which 16 'greenfield' technology patent applications have already been filed.

In return, AEG will assist in the commercialisation of AEG CoalSwitch and will contribute to its working capital funding prior to the company raising capital as described below. Story provided by