Alkane Energy Plc. (ALK.L) announced an update on trading ahead of the year end for the period to 31 December 2009. Trading results for the first 11 months of the year have been very positive with revenue increasing by 22% compared to the same period in 2008. The board expects that its results for the year to 31 December 2009 will be broadly in line with market expectations.
Alkane also announced the appointment of Joseph Darby as a Non-Executive Director of the Company, effective from 1 January 2010.
In addition, Alkane announce a collaboration agreement with TEG Group PLC, which develops and operates organic compositing and energy plants. As partners, Alkane and TEG will jointly bid for a range of anaerobic digestion facilities where TEG will provide waste contract and management services and Alkane will provide gas to power capabilities.
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