In Utah, the United States, Active Energy Group Plc (AEG), a UK-headed renewable energy, forestry management, and timber processing business has announced that it has entered into an initial supply agreement with Young Living Farms (YLF), a leading agricultural company focused on essential oils production, for a new high value soil amendment product, utilising AEG's proprietary CoalSwitch process.
The agreement marks a new revenue stream for AEG and also “demonstrates the flexibility and commercial value” of its unique CoalSwitch process across multiple applications. Spanning some 1 600 acres (≈ 647.5 ha) Young Living Lavender Farm and Distillery in Mona, Utah is an iconic lavender farm to the essential oil movement and the wellness community and the location is home to one of the largest privately owned essential oil distilleries in the world.
YLF will supply Active Energy up to 6 500 tonnes of by-product from its essential oil production that will be used as feedstock at AEG’s recently opened CoalSwitch plant in Salt Lake City. The processed feedstock will be used as a high-value soil amendment product for re-introduction to YLF’s crop production cycle. Initial deliveries will begin in March 2018 for which AEG will receive payment on a per tonne basis.
The agreement provides a foundation for a long-term relationship with YLF and the implementation of dedicated soil amendment plant to be installed on YLF’s farm site at Mona, Utah in mid-2018. In addition, an evaluation of a rollout opportunity for additional soil amendment plants is being conducted with YLF, with three initial facilities located in the United States (US) and Canada targeted.
The unique properties and applications of our CoalSwitch process is attracting significant attention from utility companies, government agencies, and power plant operators. With today’s announcement, we have expanded our commercial activity to the agricultural sector. Our unique process can be applied to target specific engineered soils, which remove potentially environmentally damaging waste streams and use this as feedstock. This engineered soil becomes an environmentally responsible alternative to the use of peat moss. We look forward to working closely with the YLF team over the coming months as we look to begin the wider rollout of dedicated soil amendment plants with further collaborations with YLF, said Michael Rowan, Non-Executive Chairman, Active Energy.
Facts
About Young Living Essential Oils
Young Living Essential Oils, LC, is a world leader in essential oils, with a strict “Seed to Seal” process that produces pure essential oil products for every individual, family, and lifestyle. This process the company says ensures that all products are genuine, free of synthetic chemicals, and pure. In 2017, Young Living had over 3 000 global employees, 4 million members since its founding in Utah in 1994. With over US$1.5 billion in sales revenue, the group operates 16 corporate and partner farms around the world, 13 offices operating in 22 markets, and products shipping to 133 countries.
