British Alternative Energy Company Acquires Former Alamac Building as Part of an Anticipated $50 Million Investment
April 19, 2019 (Lumberton, N.C. and Elizabethtown, N.C.). Active Energy Group PLC (“AEG”) has acquired a 415,000-sq.-ft. (38,555-sq.-m) building in Robeson County that will be the U.S. base of its biomass processing operations. The United Kingdom-based forestry management company will create 50 jobs at the facility, which will house production of its CoalSwitch™ brand fuel products. AEG acquired the building and surrounding acreage from Alamac Holdings as part of a $50 million investment AEG anticipates making in Robeson County.
“Robeson County welcomes this cutting-edge international company as part of its initial North American presence,” said Channing Jones, director of the Robeson County Economic Development Commission. Landing the company, its significant anticipated capital investment and 50-person workforce required collaboration among a long list of partners and allies, Jones said. “I am grateful to all the individuals and organizations that stepped forward to assist with this important project, which will have a noticeable and positive impact on our local economy.”
Fast-growing Active Energy (LON: AEG) is a global leader in renewable energy. Its innovative strategies seek to optimize natural resources, maximize efficiency and harness carbon-neutral technologies in an effort to forge sustainable worldwide energy solutions. Active Energy entered into a joint venture agreement last year with Georgia Renewable Power LLC, which operates a biomass-to-energy power plant adjacent AEG’s new Lumberton site.
"We continue to make progress on delivering our first commercial CoalSwitch™ product to market, which is now our main focus,” said Michael Rowan, CEO of Active Energy Group. “The acquisition of the Lumberton site gives AEG an ideal base in the heart of the lumber production region in North America. In addition, the site provides a foundation for our onward expansion in the region as the site benefits from proximity to the U.S. Eastern Seaboard, ensuring AEG is connected to established export routes for sales to Europe and Asia,” Rowan said. “We are very excited for the possibility of contributing to the development of the local community whilst promoting a sustainable business based on renewable technology,” he continued. “We want to thank the local community and local and state governments for their support of our initiative.”
North Carolina Rural Infrastructure Authority (RIA) voted yesterday to support the project with a $500,000 building re-use and renovation grant to Robeson County. The funds are available through the Community Development Block Grant program of the U.S. Department of Housing and Urban Development, which is administered in part by the North Carolina Department of Commerce. “Bringing opportunity and prosperity to all parts of North Carolina requires that we make smart investments in infrastructure in order to put rural communities in position to succeed,” NC Commerce Secretary Tony Copeland said. “Rural Infrastructure Authority grants continue to be essential tools for economic development and the creation of good jobs.”
NC Southeast, which supported AEG’s “Project Lupo” through technical and project management assistance, targets global alternative energy firms as part of its regional cluster strategy. “This significant commitment by a major European company provides exciting momentum for Southeastern North Carolina’s alternative energy industry sector,” said Steve Yost, president and CEO of NC Southeast. “AEG is bringing pioneering technologies to our region and building off our strategic assets to create 21st century opportunities for our residents and putting us on the winning side of the global economy.”
In addition to the Robeson County Economic Development Commission, NC Southeast and the RIA, partners in the project include the North Carolina Department of Commerce, the Economic Development Partnership of North Carolina, Robeson Community College, Robeson County and the City of Lumberton. A special thanks to Economic Development Partnership of NC and Austin Rouse for all their assistance with this project.
The Robeson County Economic Development Commission is a nonprofit organization dedicated to advancing the interests of Robeson County’s economy. It works closely with municipal, county, regional and statewide partners and allies in embracing opportunities for job creation and economic investment through support for arriving and expanding companies. For additional information, visit www.robesoncountyoed.org
A public-private partnership headquartered in Elizabethtown, N.C., North Carolina’s Southeast links business leaders with county governments in seeking to “provide strong economic development leadership in southeastern North Carolina through innovative marketing and collaborative regional initiatives that will support the creation of new jobs, generate capital investment and secure new business locations.” Member counties include Anson, Bladen, Brunswick, Columbus, Craven, Cumberland, Duplin, Hoke, Lenoir, Montgomery, New Hanover, Moore, Onslow, Pender, Robeson, Sampson, Scotland and Wayne. For additional information, visit www.ncse.org