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Active Energy Group PLC (AIM:AEG, OTC:ATGVF) shares jumped 15% higher after the firm revealed that Player Design Inc (PDI) has obtained the necessary permit.
Founded in 2008 in a basement office, Player Design now has machinery installations around the world. The waste-wood-to-energy industry sector is seen as an opportunity to grow the company and Maine wood industries from harvesting to consumer.
The expansion is expected to create good-paying jobs in renewable energy and forest products. The mill closed a few years ago. MaineFlame opened a compressed log operation there in 2020.