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2VALORISE — AGM Information 2012
May 24, 2012
9895_iss_2012-05-24_8c98833c-7320-4a72-b97c-cdb6a10a99af.pdf
AGM Information
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Annual general shareholders meeting
4Energy Invest, the renewable energy company focused on valorising biomass into energy, held its annual general shareholders meeting today in Brussels.
The shareholders approved all items included in the agenda.
A copy of the minutes of the annual general shareholders meeting is available on our corporate website www.4energyinvest.com .
This press release is made available in English, Dutch and French through our corporate website www.4energyinvest.com
4Energy Invest NV/SA
Paepsem Business Park - Boulevard Paepsemlaan 20 - 1070 Brussels – BELGIUM
About 4Energy Invest
4Energy Invest is a Belgian based renewable energy company that was set up with a view to create and manage a portfolio of small to midsized locally embedded projects that valorize biomass, directly or indirectly, into energy.
4Energy Invest (through its fully owned subsidiary Renogen) has two cogeneration projects, located in Amel (Wallonia, Belgium), that are fully operational.
4Energy Invest (through its fully owned subsidiary Renogen) has constructed a large scale torrefaction unit to produce BioCoal or torrefied wood pellets with minimum CO2 footprint in Amel (Wallonia, Belgium). 4Energy Invest has temporarily operated the Bio-Coal installation at 40% of its design capacity and produced a sufficient quantity of Bio-Coal as to enable a European utility to execute a large scale co-firing test during the last quarter of 2011. 4Energy Invest identified during its operation at 40% capacity that additional investments are needed to operate the Amel installation at a higher capacity factor. 4Energy Invest concluded that it needs to enter into a strategic partnership with a third party for Bio-Coal to be able to finance and implement the additional investments that are required.
4Energy Invest (through its fully owned subsidiary 4HamCogen) has taken into commercial operation a 9.5 MW biomass fired cogeneration project in Ham (Flanders, Belgium).
4Energy Invest has put on hold its roll-out strategy to build additional Bio-Coal production capacity until a strategic partner for Bio-Coal has been found. In addition, it does no longer pursue the implementation of its Bio-Coal projects in Ham (Belgium) and in Reisbach (Germany) but may in collaboration with a possible strategic partner give priority to projects in countries where more abundant biomass resources are available and where the long term supply of biomass can be secured at competitive prices.
4Energy Invest is listed on Euronext Brussels under symbol ENIN.
For more information, please contact:
Yves Crits, CEO Nico Terry, CFO Tel: 32 (0)2 526 90 11 Tel: 32 (0)2 526 90 13