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Active Energy's KAQUO JV could move forward in January

Active Energy’s (LON:AEG) forestry operations in Alberta, Canada, could begin by January next year, the AIM-listed wood-chip company said today. Active owns 45% of joint venture, KAQUO, which was formed in mid-2014 to commercialise 108,000 acres of forest.

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AEG is formulating a strategy that will enable forestry operations to commence in January

Active Energy’s (LON:AEG) forestry operations in Alberta, Canada, could begin by January next year, the AIM-listed wood-chip company said today.

Active owns 45% of joint venture, KAQUO, which was formed in mid-2014 to commercialise 108,000 acres of forest.

The land is owned by the three indigenous aboriginal groups (the Métis settlements of Peavine, Paddle Prairie and East Prairie in Alberta).

Today, the AEG told investors that it is consulting with its Métis partners on conditions set by the Alberta Ministry of Aboriginal Relations, none of which it believes to be material.

Both parties are formulating a strategy that will enable forestry operations to commence in January 2016.

Earlier this week, Active unveiled a new joint venture, AEG CoalSwitch, which will work on what it described as a "revolutionary" new manufacturing process that allows biomass to be burned in unconverted coal-fired power stations.

Quick facts: Active Energy Group PLC

Price: 0.65 GBX

LSE:AEG
Market: LSE
Market Cap: £7.86 m
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