DJ Charwood Energy: Charwood Energy acquires a stake in LG Concept, a major regional player in the supply of renewable biomass
Charwood Energy
Charwood Energy: Charwood Energy acquires a stake in LG Concept, a major regional player in the supply of renewable
biomass
04-Oct-2023 / 17:45 CET/CEST
Dissemination of a French Regulatory News, transmitted by EQS Group.
The issuer is solely responsible for the content of this announcement.
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Press release
Saint-Nolff, 4 October 2023
Charwood Energy acquires a stake in LG Concept, a major regional player in the supply of renewable biomass
Charwood Energy (ISIN: FR001400AJ60, Ticker: ALCWE), a French specialist in customized energy recovery solutions, has
acquired a 40% stake in LG Concept, a major regional player in renewable biomass supply for boiler rooms in Brittany
and the neighboring regions.
LG Concept specializes in the production and logistics of wood fuel. The company operates five platforms in western
France, where it enjoys close proximity to wood fuel resources and use.
Based on the efficient and sustainable exploitation of land resources for biomass, LG Concept recovers wood intended
primarily for lumber in sawmills, according to the hierarchy of uses. The company works with local communities and
forest owners in both the exploitation and creation of plantations and the maintenance of afforestation.
LG Concept has 20 employees and a comprehensive range of forestry equipment, including chippers, diggers, and handling
equipment.
The company's current production capacity is 40,000 metric tons of fuel per year, or roughly 140,000 Mwh/year of
renewable energy. LG Concept generated revenue of approximately EUR3 million in 2022.
The company's current director remains alongside the Charwood Energy teams. LG Concept's business activity will be
consolidated according to the proportional integration method, to the amount of 40% in Charwood Energy's accounts, for
five months in 2023.
Adrien Haller, CEO and founder of Charwood Energy, said: "This strategic equity investment is consistent with our
objective to control our supply of renewable biomass. LG Concept is a well-established regional player in the region
that responds to our clients' energy challenges. This transaction makes a perfect fit with our mission to produce
renewable energy using biomass."
Loïc le Gall, CEO of LG Concept, said: "I am delighted with the merger with Charwood Energy, a leading French player in
biomass recovery. It will serve to promote renewable energies in the energy mix of industrial companies, for which
Charwood Energy designs innovative solutions that contribute every day to shrinking their carbon footprint."
Next publication: H1 2023 results, October 23, 2023, after market close.
About Charwood Energy
Convinced that biomass is a key response to the challenges of the energy transition, Charwood Energy designs, installs
and maintains tailored solutions for the production of biomass renewable energy.
Charwood Energy has a wealth of technical know-how and expertise in all biomass recovery technologies - heating and
heating networks, methanisation and pyrogasification.
Positioned since 2019 in the promising area of pyrogasification technology, Charwood Energy is now also involved in the
development and operation of proprietary pyrogasification units aiming to produce and sell green gas (syngaz), biochar
and carbon credits to industrial customers under direct purchasing contracts.
The company is listed on Euronext Growth® Paris (ISIN: FR001400AJ60, ticker: ALCWE) - Eligible for PEA PME equity
savings plans - Certified as an "Innovative Company" by Bpifrance.
For more information, visit https://charwood.energy/en/investors
Contacts
ACTIFIN ACTIFIN
CHARWOOD ENERGY Investor Relations Press Relations
investisseur@charwood.energy Ghislaine Gasparetto Michael Scholze
+33 (0)2 97 26 46 30 charwood@actifin.fr michael.scholze@actifin.fr
+33 (0)1 56 88 11 22 +33 (0)1 56 88 11 14
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Regulatory filing PDF file File: Charwood Energy acquires a stake in LG Concept, a major regional player in the supply of renewable biomass
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Language: English
Company: Charwood Energy
1 Rue Benjamin Franklin - P.A. de Kerboulard
56250 Saint-Nolff
France
Phone: 0297264630
E-mail: contact@energy.bzh
ISIN: FR001400AJ60
Euronext Ticker: ALCWE
AMF Category: Inside information / Issuer activities (acquisitions, sales...)
EQS News ID: 1741527
End of Announcement EQS News Service
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1741527 04-Oct-2023 CET/CEST
Image link: https://eqs-cockpit.com/cgi-bin/fncls.ssp?fn=show_t_gif&application_id=1741527&application_name=news
(END) Dow Jones Newswires
October 04, 2023 11:45 ET (15:45 GMT)
