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QUBEC ECONOMIC ATTACH VISITS INMATEC
17.06.2021 11:58
Herrsching, 17. June 2021
THE AIM IS TO EXPAND TRADE RELATIONS
Since Inmatec has been part of the Xebec group based in the Canadian province of Qubec, Inmatec has been receiving more and more inquiries about nitrogen and oxygen supply from North America. On Wednesday, the Government of Qubec's Economics and Innovation Attach Nikolaus Hottenroth paid a visit to Inmatec in Herrsching. The aim is to establish business contacts with companies in Quebec and to expand mutual trade relations in both directions.
Nikolaus Hottenroth was enthusiastic during the tour through the production site: “The on-site production of industrial gases will play an increasingly important role in the future. The nitrogen and oxygen generators from Inmatec set new industrial standards, which makes the products best in class in the industry.” The on site production of nitrogen and oxygen is important in regions like Qubec, Canada´s largest province covering three climatic zones, in which long winters prevail. Due to long distances and rough climatic conditions in different parts of Qubec, gas delivery by tru can only be carried with difficulty or not at all. In addition, the environmentally friendly gas production on site enables the reduction of CO2 emissions and supports the government in its efforts to make Canada climate neutral by 2050. Inmatec offers innovative technologies for this, such as the additive NKat hydrogen technology, which enables high nitrogen purities with minimal energy consumption.
https://buff.ly/3wBtUP4
Xebec Acquires Tiger Filtration to Leverage Recurring Element and Filter Manufacturing Platform for Renewable Gases
June 14 2021 - 07:00AM
Xebec Adsorption Inc. (TSX: XBC) (“Xebec”), a global provider of clean energy solutions, is pleased to announce that on June 11, 2021, it has closed the acquisition of all the outstanding shares of United Kingdom based Tiger Filtration (“TFL”). The acquisition of TFL will provide Xebec with a very profitable and recurring aftermarket manufacturing business for elements and filters. TFL’s R&D capabilities will also allow for expansion of its product portfolio to include filtration products for hydrogen and renewable natural gas (RNG).
Founded in 2004 by former Walker Filtration employees (Bob Thompson, Gary Ashton and Matthew Rowe), TFL has gained worldwide recognition for providing high-quality alternatives for the compressed air and gas industry. TFL was established 17 years ago and has become an internationally active company with worldwide sales. Two of its principals will retire and Gary Ashton will remain with TFL as Managing Director and continue his leadership in sales and business development.
“We started TFL almost two decades ago and are happy to be handing over the company to Xebec, a company with a clear focus on clean technologies. I am particularly proud of the efficient manufacturing platform that we’ve created and that can successfully compete with the compressed air & gas multinationals. I believe that TFL will enable Xebec to not only capture immediate sales and costs synergies but also help create products for the energy transition, as our knowledge will facilitate the development of filter products for hydrogen and RNG,” said Gary Ashton, Managing Director, Tiger Filtration.
Total consideration payable by Xebec is £12.0 million ($20.6 million CAD) and is subject to certain holdbacks, adjustments and time-based payments. TFL had revenues of £2.7 million ($4.6 million CAD), an EBITDA margin of 42% and a net income margin of 34% for FY2020. Furthermore, Xebec expects that TFL will immediately provide cost savings by displacing parts currently bought by its existing subsidiaries within the Cleantech Service Network, HyGear, Inmatec and its headquarters in Québec.
“TFL provides Xebec with a unique opportunity to vertically integrate into the valuable aftermarket business for filters and elements. The acquisition will be immediately accretive and bring TFL’s products to our service subsidiaries which will be leveraging our sales and distribution networks to increase revenues. Ultimately, the acquisition positions us well as we look to transition from being predominantly an equipment supplier to a support and service-oriented organization with recurring revenue streams for renewable and low carbon gases,” stated Kurt Sorschak, Chairman, CEO and President of Xebec Adsorption Inc.
About Tiger Filtration
Established in 2004, Tiger Filtration is an independently owned British based company specialising in the manufacturing of high-quality alternative in-line filter elements, vacuum pump separators, compressor air & oil separators, high-pressure stainless-steel filter housings and bespoke filtration solutions. Tiger’s products are supplied from its 14,000 sq ft facility in Sunderland, UK and sold globally to customers ranging from small businesses to international organisations who expect quality products and an exceptional level of service.
Related links:
https://www.xebecinc.com
https://www.tigerfiltration.com
Media Inquiries:
Public Relations for Xebec
Victor Henriquez, Senior Partner
victor@publicsc.com
+1 514.377.1102
Investor Relations:
Xebec Adsorption Inc.
Brandon Chow, Director, Investor Relations
bchow@xebecinc.com
+1 450.979.8700 ext 5762
About Xebec Adsorption Inc.
Xebec is a global provider of clean energy solutions for renewable and low carbon gases used in energy, mobility and industrial applications. The company specializes in deploying a portfolio of proprietary technologies for the distributed production of hydrogen, renewable natural gas, oxygen and nitrogen. By focusing on environmentally responsible gas generation, Xebec has helped thousands of customers around the world reduce their carbon footprints and operating costs. Headquartered in Québec, Canada, Xebec has a worldwide presence with six manufacturing facilities, eight Cleantech Service Centers and five sales offices spanning over four continents. Xebec trades on the Toronto Stock Exchange under the symbol (TSX: XBC). For more information, xebecinc.com.
Xebec Announces Supply Agreement for Hydrogen Fueling Station in the Netherlands
05/26/2021 7:00:00 AM
MONTREAL, May 26, 2021 (GLOBE NEWSWIRE) -- Xebec Adsorption Inc. (TSX: XBC) (“Xebec”), a global provider of clean energy solutions, is pleased to announce today that its wholly owned subsidiary HyGear, has signed an agreement to supply hydrogen to a fueling station in the Netherlands. The agreement includes the on-site generation and delivery of 130,000 kg of hydrogen from HyGear’s nearby decentralized hydrogen production hub in Arnhem, Netherlands over a 1.5-year period. The supplied hydrogen is expected to support the fueling needs of approximately 33,000 fuel cell electric vehicle (“FCEV”) fills over the duration of the contract.
“This is the second hydrogen supply agreement we have signed in the Netherlands for refueling stations. We are excited about our continued traction as large-scale demand for the fuel comes online for heavy and light duty FCEVs such as buses and passenger cars. Our decentralized hydrogen production hubs already offer supply to local industrial markets, and we are primed for the increased demand from the mobility sector. This unique approach of local production and distribution will play well into our global strategy of distributed and decentralized gas generation, resulting in significantly lower costs and emissions,” stated Marinus van Driel, President of Xebec Europe.
HyGear is developing into a globally local leader in hydrogen supply
On February 18, 2021, HyGear signed its first hydrogen fuel supply contract with Rijngas, a gas sales and distribution company in the Netherlands, for the supply of hydrogen to a fueling station in Amsterdam that is operated by Orangegas. This hydrogen fuelling station is one of the first in Amsterdam and the sixth station in the country. Hydrogen is expected to play an important role in the Dutch government’s energy transition policy framework, particularly in heavy duty vehicles such as trucks, buses, tractors and ships.
While HyGear owns and operates its first hub in Arnhem, Netherlands, a second one is currently under construction in West Bromwich, United Kingdom. This second hub marks the company’s geographic expansion in Europe and will be operated by Buse Gases Ltd as a joint venture.
Related links:
https://www.xebecinc.com
https://hygear.com/news/hygear-supplies-hydrogen-for-fuelling-station-in-amsterdam/
https://xebecinc.com/news/xebec-launches-hydrogen-supply-strategy-in-the-united-kingdom/
Media Inquiries:
Public Relations for Xebec
Victor Henriquez, Senior Partner
victor@publicsc.com
+1 514.377.1102
Investor Relations:
Xebec Adsorption Inc.
Brandon Chow, Director, Investor Relations
bchow@xebecinc.com
+1 450.979.8700 ext 5762
About Xebec Adsorption Inc.
Xebec is a global provider of clean energy solutions for renewable and low carbon gases used in energy, mobility and industrial applications. The company specializes in deploying a portfolio of proprietary technologies for the distributed production of hydrogen, renewable natural gas, oxygen and nitrogen. By focusing on environmentally responsible gas generation, Xebec has helped thousands of customers around the world reduce their carbon footprints and operating costs. Headquartered in Québec, Canada, Xebec has a worldwide presence with six manufacturing facilities, eight Cleantech Service Centers and five sales offices spanning over four continents. Xebec trades on the Toronto Stock Exchange under the symbol (TSX: XBC). For more information, xebecinc.com.
Sounds like they are ramping up towards a NASDAQ listing.
And gotta love the background of the new director. Lots of speculation here so I wont indulge.
Diversity of the board just improved. :)
GLTA & JMO
Xebec Welcomes Ms. Karen Nielsen to Board of Directors
April 07 2021 - 07:00AM
GlobeNewswire Inc.
Xebec Adsorption Inc. (TSX: XBC) (“Xebec”), a global provider of clean energy solutions, is pleased to announce that Ms. Karen Nielsen has joined Xebec’s Board of Directors effective today.
Ms. Nielsen was formerly the Chief Development Officer at Seven Generations Energy Ltd (TSX: VII), an energy producer dedicated to stakeholder service, responsible development and generating strong returns. She is also a non-executive lead director at Crew Energy (TSX: CR), a light oil and natural gas producer operating and based in Western Canada.
“Having spent the majority of my career in the traditional oil and gas space, I am excited to be joining Xebec as we look towards the next chapter of energy. Decarbonization of our energy sources has come to the forefront of our minds as we look to address climate change. I believe Xebec will play a key role in this as a world leading renewable gas player and that we will pave a better future for generations to come,” stated Karen Nielsen.
Ms. Nielsen brings decades of expertise in the oil and gas sector with positions in operations, business development, engineering and finance. She held positions as Senior Vice President and General Manager at ATCO Power Ltd. (TSX: ACO.X), Vice President of Operations at ARC Resources Ltd. (TSE: ARX) and both Vice President of Engineering and Operations at Birchcliff Energy Ltd. (TSX: BIR).
“I am excited to be welcoming Karen to Xebec’s Board. She brings a strong background in energy in a time where the transition towards lower carbon energy sources is accelerating. Xebec is playing an important role in providing cleantech solutions for reducing emissions in the broader energy sector. I look forward to Karen’s contributions as she brings forth new ideas and insight into the energy transition,” stated Kurt Sorschak, Chairman, President and CEO, Xebec Adsorption Inc.
Related links:
https://www.xebecinc.com
Media Inquiries:
Public Relations for Xebec
Victor Henriquez, Senior Partner
victor@publicsc.com
+1 514.377.1102
Investor Relations:
Xebec Adsorption Inc.
Brandon Chow, Director, Investor Relations
bchow@xebecinc.com
+1 450.979.8700 ext 5762
About Xebec Adsorption Inc.
Xebec is a global provider of clean energy solutions for renewable and low carbon gases used in energy, mobility and industry applications. The company specializes in deploying a portfolio of proprietary technologies for the distributed production of hydrogen, renewable natural gas, oxygen and nitrogen. By focusing on environmentally responsible gas generation, Xebec has helped thousands of customers around the world reduce their carbon footprints and operating costs. Headquartered in Québec, Canada, Xebec has a worldwide presence with five manufacturing facilities, eight Cleantech Service Centers and four sales offices spanning over four continents. Xebec trades on the Toronto Stock Exchange under the symbol (TSX: XBC). For more information, xebecinc.com.
Nice to see the stock back on track.
CEO has purchased 100K shares over the last week. Thats a $450K personal stake in addition to all the stock options and shares he owns already.
Time to take this back to the all-time high as the revenue for 2021 will increase by 100%.
The revenue model continues to evolve and the new COO will be a game changer. :)
GLTA & JMO
Early 2019 whilst testing 1.00
https://www.bnnbloomberg.ca/investing/video/robert-mcwhirter-discusses-xebec-adsorption~1613252
https://www.stockwatch.com/Chart/Advanced
Next up = Now Cielo (whose mkt cap = 186m NOT 1.86)
https://investorshub.advfn.com/boards/read_msg.aspx?message_id=162178572
Xebec Announces $59M in Credit Facilities from National Bank of Canada
02/24/2021 8:00:00 AM
MONTREAL, Feb. 24, 2021 (GLOBE NEWSWIRE) -- Xebec Adsorption Inc. (TSX: XBC) (“Xebec”), a global provider of clean energy solutions for renewable and low carbon gases, announced today that it has secured credit facilities with National Bank of Canada’s Technology and Innovation Banking Group for a total value of up to $59.25 million CAD. The expanded facilities will provide Xebec with greater financial flexibility and cash management to pursue its growth trajectory and its acquisition strategy aimed at developing a North American and European Cleantech Service Network for its increasing renewable natural gas and hydrogen installations.
"We’re pleased to partner with National Bank of Canada, which is committed to building lasting relationships with its clients and to supporting sustainable development. The confidence placed in Xebec by National Bank of Canada to increase our credit facilities shows that the team has a growth and development plan that adequately responds to the decarbonization needs around the world,” said Stéphane Archambault, CFO of Xebec Adsorption Inc. “Xebec is an innovative cleantech company developing solutions to help our customers reduce their emissions while simultaneously reducing the cost of their industrial and renewable gas purchases. The economy is changing at a rapid pace and the need to reconcile economic development with the fight against climate change has never been greater. Xebec is playing an increasingly important role in the transition to a net zero carbon economy.”
“Our Technology and Innovation Banking Group offers specialized support to fast-growing technology businesses like Xebec, which is on its way to becoming a renewable gas leader. We’re proud to partner with a home-grown company that has provided clean energy solutions to thousands of customers around the world and has seen tremendous growth in its activities over the last few years. It’s very exciting for us to support Xebec in its future development and acquisition strategy,” added François-Pierre Dionne, Senior Director, Technology and Innovation Banking at National Bank of Canada.
These credit facilities represent the broadest access to debt financing available to the company to date.
Related links:
https://www.xebecinc.com
Media Inquiries:
Public Relations for Xebec
Victor Henriquez, Senior Partner
victor@publicsc.com
+1 514.377.1102
Investor Relations:
Xebec Adsorption Inc.
Brandon Chow, Director, Investor Relations
bchow@xebecinc.com
+1 450.979.8700 ext 5762
About Xebec Adsorption Inc.
Xebec is a global provider of clean energy solutions for renewable and low carbon gases used in energy, mobility and industry applications. The company specializes in deploying a portfolio of proprietary technologies for the distributed production of hydrogen, renewable natural gas, oxygen and nitrogen. By focusing on environmentally responsible gas generation, Xebec has helped thousands of customers around the world reduce their carbon footprints and operating costs. Headquartered in Québec, Canada, Xebec has a worldwide presence with five manufacturing facilities, eight Cleantech Service Centers and four sales offices spanning over four continents. Xebec trades on the Toronto Stock Exchange under the symbol (TSX: XBC). For more information, xebecinc.com.
About National Bank of Canada
With $344 billion in assets as at January 31, 2021, National Bank of Canada, together with its subsidiaries, forms one of Canada's leading integrated financial groups. It has more than 26,000 employees in knowledge-intensive positions and has been recognized numerous times as a top employer and for its commitment to diversity. Its securities are listed on the Toronto Stock Exchange (TSX: NA). Follow the Bank’s activities at nbc.ca or via social media such as Facebook, LinkedIn and Twitter.
Xebec Launches Hydrogen Supply Strategy in the United Kingdom
February 16 2021 - 08:00AM
GlobeNewswire Inc.
Xebec Adsorption Inc. (TSX: XBC) (“Xebec”), a global provider of clean energy solutions for renewable and low carbon gases, is pleased to announce that its wholly owned subsidiary HyGear, has signed a Gas-as-a-Service (“GaaS”) contract with Saint-Gobain Glass (EPA: SGO) for a 15-year term. Saint-Gobain Glass is one of the world’s largest float glass manufacturers and will be supplied with hydrogen for their production facility in Eggborough, United Kingdom.
Last month, HyGear also delivered an on-site hydrogen generation system to KIWA Group in Birmingham for fuel cell components testing. These recent orders and deliveries support the launch of the company’s hydrogen supply strategy in the United Kingdom, which is marked by the start of construction of a Decentralized Hydrogen Production Hub. Located in West Bromwich, the company’s second hub is expected to initially reach a capacity of 300 kg of hydrogen per day and can be gradually expanded based on market demands. The site will be operated in collaboration with Buse Gases Ltd as a joint venture.
“The cornerstone of our hydrogen supply strategy is to satisfy the existing and evolving needs for industrial hydrogen, while also facilitating the upcoming demand for fuel cell electric vehicles (FCEVs). We are excited to be announcing the construction of our first Decentralized Hydrogen Production Hub in the UK because these hubs will initially serve our industrial customers such as Saint-Gobain, and gradually start supplying hydrogen vehicle filling stations. This layered approach will allow us to support the roll-out of refueling stations in an economically viable way as the broader hydrogen economy forms in the next decades,” stated Marinus van Driel, President of Xebec Europe.
Through the acquisition of HyGear last December, Xebec gained access to highly efficient on-site hydrogen generation through steam methane reforming (SMR) and electrolysis. On-site generation reduces the need for central production, compression or liquefaction and road transportation, and therewith offers a more cost-effective and environmentally friendly option for hydrogen supply.
The company is developing regional strategies worldwide in which on-site Gas-as-a-Service equipment produces the base-load supply and peak demand is supported by Decentralized Production Hubs near end users. As a result of this combined production strategy, it is expected that customers will have access to the most cost-effective and lowest emission hydrogen available today.
With the announcement by the UK government to achieve net-zero carbon emissions by 2050, hydrogen adoption is being seen as one of the key pathways towards achieving this goal. The hydrogen supply launch in the United Kingdom is expected to provide a foundational blueprint for Xebec’s accelerated expansion plans of setting up decentralized production hubs globally, and its core strategy to build hydrogen energy infrastructure by first targeting demand in industry.
Related links:
https://www.xebecinc.com
https://hygear.com/
Media Inquiries:
Public Relations for Xebec
Victor Henriquez, Senior Partner
victor@publicsc.com
+1 514.377.1102
Investor Relations:
Xebec Adsorption Inc.
Brandon Chow, Director, Investor Relations
bchow@xebecinc.com
+1 450.979.8700 ext 5762
About Xebec Adsorption Inc.
Xebec is a global provider of clean energy solutions for renewable and low carbon gases used in energy, mobility and industry applications. The company specializes in deploying a portfolio of proprietary technologies for the distributed production of hydrogen, renewable natural gas, oxygen and nitrogen. By focusing on environmentally responsible gas generation, Xebec has helped thousands of customers around the world reduce their carbon footprints and operating costs. Headquartered in Québec, Canada, Xebec has a worldwide presence with four manufacturing facilities, seven Cleantech Service Centers and four three offices spanning over four continents. Xebec trades on the Toronto Stock Exchange under the symbol (TSX: XBC). For more information, xebecinc.com.
Xebec Announces Hydrogen Order for FuelCell Energy's Port of Long Beach Project
February 11 2021 - 08:00AM
Xebec Adsorption Inc. (TSX: XBC) (“Xebec”), a global provider of clean energy solutions for renewable and low carbon gases, is pleased to announce that it has received a hydrogen purification system order from FuelCell Energy, Inc. (NASDAQ: FCEL). FuelCell Energy is an innovator and manufacturer of fuel cell clean power platforms, delivering hydrogen, long-duration hydrogen energy storage, carbon capture, carbon separation and utilization, power, and thermal energy.
The order is for a Pressure Swing Adsorption (PSA) based system that will purify hydrogen produced by FuelCell Energy’s SureSourceTM Hydrogen platform to meet required standards for fueling zero-emission fuel cell vehicles for Toyota’s operations at the Port of Long Beach in California. Green hydrogen will be produced from renewable natural gas (RNG) fed into FuelCell Energy’s trigeneration process, helping the port’s mission to lower carbon emissions and improve air quality in the community.
“FuelCell Energy is excited to work with Xebec to deliver high-purity hydrogen. FuelCell Energy is working under contract to Toyota at the Port of Long Beach to deliver the hydrogen necessary to promote the further adoption of fuel cell electric vehicles, deliver green hydrogen, and provide reclaimed water produced by our platform to facilitate car-washing operations. We believe that this installation will be the only installation in world simultaneously delivering carbon neutral power, green hydrogen, and water from a single platform,” stated Jason Few, President and Chief Executive Officer of FuelCell Energy, Inc.
“We are excited to be collaborating with Fuel Cell Energy on this project. This installation at the Port of Long Beach is an excellent application of distributed hydrogen generation for fuel cell electric vehicles using renewable natural gas to provide renewable hydrogen,” stated Kurt Sorschak, Chairman, CEO and President of Xebec Adsorption Inc. “Hydrogen is becoming increasingly important as corporations and governments around the world strive for net-zero and zero-emission vehicles. In addition to our RNG business, we expect Xebec will play a more significant role as a hydrogen technology provider in helping customers displace higher carbon fuels and high-emission diesel trucks with FCEVs in the coming years.”
Delivery of the system is expected to occur in Q3 of this year.
Related links:
https://www.xebecinc.com
https://www.fuelcellenergy.com/
Media Inquiries:
Public Relations for Xebec
Victor Henriquez, Senior Partner
victor@publicsc.com
+1 514.377.1102
Investor Relations:
Xebec Adsorption Inc.
Brandon Chow, Director, Investor Relations
bchow@xebecinc.com
+1 450.979.8700 ext 5762
About FuelCell Energy
FuelCell Energy, Inc. (NASDAQ: FCEL) is a global leader in sustainable clean energy technologies that address some of the world’s most critical challenges around energy, safety and global urbanization. As a leading global manufacturer of proprietary fuel cell technology platforms, FuelCell Energy is uniquely positioned to serve customers worldwide with sustainable products and solutions for businesses, utilities, governments and municipalities. Our solutions are designed to enable a world empowered by clean energy, enhancing the quality of life for people around the globe. We target large-scale power users with our megawatt-class installations globally, and currently offer sub-megawatt solutions for smaller power consumers in Europe. To provide a frame of reference, one megawatt is adequate to continually power approximately 1,000 average sized U.S. homes. We develop turn-key distributed power generation solutions and operate and provide comprehensive service for the life of the power plant. Our fuel cell solution is a clean, efficient alternative to traditional combustion-based power generation, and is complementary to an energy mix consisting of intermittent sources of energy, such as solar and wind turbines. Our customer base includes utility companies, municipalities, universities, hospitals, government entities/military bases and a variety of industrial and commercial enterprises. Our leading geographic markets are currently the United States and South Korea, and we are pursuing opportunities in other countries around the world. FuelCell Energy, based in Connecticut, was founded in 1969.
About Xebec Adsorption Inc.
Xebec is a global provider of clean energy solutions for renewable and low carbon gases used in energy, mobility and industry applications. The company specializes in deploying a portfolio of proprietary technologies for the distributed production of hydrogen, renewable natural gas, oxygen and nitrogen. By focusing on environmentally responsible gas generation, Xebec has helped thousands of customers around the world reduce their carbon footprints and operating costs. Headquartered in Québec, Canada, Xebec has a worldwide presence with four manufacturing facilities, seven Cleantech Service Centers and three sales offices spanning over four continents. Xebec trades on the Toronto Stock Exchange under the symbol XBC. For more information, xebecinc.com.
Xebec Virtually Opens The Market
February 01 2021 - 11:00AM
TORONTO, Feb. 1, 2021 /CNW/ - Kurt Sorschak, Chairman of the Board, Chief Executive Officer and President, Xebec Adsorption Inc. ("Xebec" or the "Company") (TSX: XBC) and his team joined Berk Sumen, Head, Company Services, TMX Group, to celebrate the Company's graduation from TSX Venture Exchange to Toronto Stock Exchange and open the market.
Xebec is a global provider of clean energy solutions for renewable and low carbon gases used in energy, mobility and industry applications. The company specializes in deploying a portfolio of proprietary technologies for the distributed production of hydrogen, renewable natural gas, oxygen and nitrogen. By focusing on environmentally responsible gas generation, Xebec has helped thousands of customers around the world reduce their carbon footprints and operating costs.https://xebecinc.com/
For Market Openings: Media may pick up a feed from the TOC (television operations centre) for all market open ceremonies. The feed is named TSX Transmit 1 (SD-SDI) and is produced at the TMX Broadcast Centre and sent live to the TOC. To pick up the feed via the Dejero network, please contact avservices@tmx.com. The client feature video will begin playing on the TMX media wall at approximately 9:27 a.m. ET and the markets will open with the sound of a siren at 9:30 a.m. ET
Date: Monday,February 1, 2021
Time: 9:00am - 9:30am
Place: Virtually Broadcast
SOURCE TMX Group Limited
Uplist to TSX!
Thursday opening bell.
GLTA & JMO
And another new high.
Today we saw $10.07 CDN.
GLTA & JMO
Another new high.. $8.25 with so much news in the pipe still.
Going to be a great run once everything gets closed and uplisted.
GLTA & JMO
Xebec Expands Product Portfolio and Enters German Hydrogen and Renewable Natural Gas Markets with Acquisition of Inmatec
December 17 2020 - 04:10PM
Xebec Adsorption Inc. (TSXV: XBC) (“Xebec” or the "Corporation"), a global provider of clean energy solutions, is pleased to announce it has entered into a definitive agreement to acquire all of the issued and outstanding shares of Inmatec Gase Technologie GmbH & Co. KG, Inmatec GmbH and Inmatec Gas Technology FZC RAK (collectively, “Inmatec”), in the United Arab Emirates (the “Acquisition”).
"We’re excited to be announcing another strategic acquisition for us this month. Inmatec builds on our thesis for onsite generation of gases as it enables customers to achieve significant cost and emission reductions," said Kurt Sorschak, Chairman, CEO and President of Xebec Adsorption Inc. “Inmatec is one of the world leaders in onsite nitrogen and oxygen generators and has achieved impressive scale with over 8,000 units deployed worldwide. Their German manufacturing and engineering capabilities have resulted in a reputation for high quality and extremely reliable products.”
"Notably, Inmatec complements both our onsite hydrogen generators, which are produced by HyGear and our own industrial air and renewable natural gas products. We see good value in cross-selling these solutions throughout our industrial service companies in North America and our combined customer base. Most importantly, Inmatec will give us a Cleantech Service Network footprint in parts of Europe, the Middle East and Africa, and an entry into the German hydrogen and RNG market. There are over 8,900 biogas installations which could be converted to produce RNG and Germany has announced plans to invest up to Euro 9 billion in hydrogen. Inmatec is ideally positioned to leverage their 40+ distribution partners to also sell our renewable natural gas and hydrogen systems."
"As we look forward to 2021, we’re excited to be increasing the scope of our capabilities and evolve into a truly global company. I’d like to once again congratulate all the teams on all their hard work and give Inmatec a warm welcome to the Xebec family,” added Mr. Sorschak.
Inmatec Acquisition Overview and Rationale
Worldwide leader in onsite nitrogen and oxygen products
Founded in 1993, Inmatec is an international market leader in the production of nitrogen and oxygen generators. Designed, developed and produced in Germany, over 8,000 Inmatec systems have been deployed and sold around the world. Similar to HyGear, onsite generation of nitrogen and oxygen reduces the need for transportation, saving on costs and reducing the burden on the environment.
Growth opportunities by bringing products to North America and cross-selling
Inmatec’s products and manufacturing are among the best-in-class and this acquisition will give Xebec an accelerated entry into offering these products in North America. Currently, Inmatec’s target markets are in parts of Europe, the Middle East and Africa (“EMEA”). Due to the complementary nature of customers and industries, Xebec’s and HyGear’s products can also be sold through Inmatec, giving another sales channel and platform for growth in the EMEA region.
Cleantech Service Network expansion into Europe and entry into German Hydrogen renewable natural gas markets
With over 260 technicians actively servicing equipment across Europe, Inmatec’s own and partner workforce will be retrained and retooled to work with renewable gases. This positions Xebec favorably in the purchasing decision process when customers select a vendor for a multi-million-dollar hydrogen or renewable natural gas installation. Xebec believes service is an important customer need and sees it as a competitive advantage due to the lack of a similar offerings from other vendors.
In addition, Inmatec’s distribution network of 40+ worldwide and regional partners create an opportunity to enter Germany’s evolving hydrogen market and Europe’s largest potential renewable natural gas market. Germany has approximately 8,900 active biogas installations and approximately 280 of them are producing RNG today. These existing facilities are potential candidates for conversion to renewable natural gas and potentially decentralized green hydrogen production.
Exposure to the fast-growing medical oxygen market
Inmatec’s business operations have expanded significantly year-over-year from 2019 to 2020. This expansion is largely attributed to the associated demand from the COVID-19 pandemic response, which requires larger amounts of medical grade oxygen in hospitals around the world. This exposure is beneficial to Xebec by giving the company the capabilities to now manufacture and sell this equipment in North America and makes the company one of the few with these capabilities in Canada. Ultimately, the pandemic has helped hospitals realize the cost benefits and self-sufficiency that comes with onsite oxygen generation.
The Acquisition, which is one of the two “LOI Acquisitions” announced by Xebec on December 8, 2020, will be financed with the proceeds from the public offering and the concurrent private placement announced by Xebec on December 8, 2020 and December 9, 2020. The release of proceeds from such public offering and the concurrent private placement and the exchange of the subscription receipts into common shares of the Corporation are not conditional upon the closing of the Acquisition. The Acquisition is expected to close on or about February 28, 2021. The Acquisition has been unanimously approved by the Board of Directors of Xebec and is subject to regulatory approval and other customary closing conditions.
Advisors
Desjardins Capital Markets and TD Securities Inc. acted as financial advisors on the Acquisition.
Related links
https://www.xebecinc.com
https://www.inmatec.de/en/startsite.html
Investor Relations:
Xebec Adsorption Inc.
Brandon Chow, Investor Relations Manager
bchow@xebecinc.com
+1 450.979.8700 ext 5762
Media Inquiries:
Public Stratégies et Conseils for Xebec
Victor Henriquez, Senior Partner
victor@publicsc.com
+1 514.377.1102
A new high.
Not surprising after news like we got yesterday.
:)
GTLA & JMO
Wow. What a piece of news!
Upwards and onwards!
GLTA & JMO
Canada Banks Seek Seat at Xebec Talks Amid Hydrogen Fervor
By Esteban Duarte
November 29, 2020, 10:00 PM PST Updated on November 30, 2020, 7:49 AM PST
Montreal-area firm explores strategic M&A in China and Europe
Xebec to seek a credit rating ahead of potential ESG financing
Canadian banks are eager to gain exposure to growing momentum in the hydrogen industry, giving talks surrounding Xebec Adsorption Inc.’s debt the characteristics of a “tender,” according to Chairman Kurt Sorschak.
The provider of clean energy solutions is seeking to replace two of its credit facilities. Three large Canadian banks have entered talks, and the new financing could be “almost ten times larger” than those existing, Sorschak said in an interview.
The company is looking to replace credit lines for a total of C$4.5 million ($3.5 million), which are currently provided by National Bank of Canada and Export Development Canada. The new deal is expected to be ready in December, he said.
Xebec is bolstering its access to credit soon after reorganizing its partnership with Shenergy Group, a Chinese state-owned utility that’s preparing to roll out hydrogen refueling stations and onsite generation infrastructure. The company’s stock - which has jumped close 175% so far this year - rose Monday as much as 1.87% to C$5.98 compared to a decline of 1.4% in the S&P/TSX Composite Index. It had an equity market value of almost C$633 million as of 10:42 a.m. in Toronto.
In the past, banks “have been very restrictive on the commercial facilities,” said Sorschak. Currently, “they are very, very aggressive.”
Governments, energy producers and carmakers around the world have pointed to hydrogen as pivotal for cutting greenhouse-gas emissions and preventing the worst effects of climate change. That’s triggered a global race to stake claims in what could be a $700 billion business by 2050, according to BloombergNEF. In Canada, hydrogen is the clean energy investment that appeals the most to country’s asset managers, according to a survey carried out for HSBC Holdings Plc.
While the company is “sufficiently capitalized for the time being,” it could explore the issuance of equity and debt to finance a strategic acquisition, he said. In the medium-term, Xebec plans on getting a credit rating ahead of a potential sustainable debt transaction, Sorschak said.
The firm is looking for a potential “strategic” M&A transaction in China and Europe, where governments are ramping up support for the hydrogen industry, he said.
Targets in North America are very limited because big companies have already bought firms operating in the space. However, investment plans around hydrogen are taking off, said Sorschak, citing Enbridge Gas Inc.’s recent announcement of a so-called blending pilot project with Cummins Inc.
In Canada, “we have the potential to be a hydrogen superpower,” said Sorschak, because the country can produce “a lot of cheap natural gas out in Alberta.” He added that the country also it has an abundance of of hydro-power electricity.
— With assistance by Michael Bellusci
New all time high.
$6 and climbing.. :)
GO XBC!
GLTA & JMO
Xebec and Shenergy Strengthen Partnership to Develop China’s Growing Hydrogen Market
- Xebec Shanghai will receive a direct strategic investment from Shenergy to collaborate on building China’s hydrogen infrastructure -
MONTREAL, (QC), November 12th, 2020 – Xebec Adsorption Inc. (TSXV: XBC) (“Xebec”), a global provider of clean energy solutions, today announced a strengthened partnership with Shanghai based Shenergy Group Company Limited (“Shenergy”). Initially formed in 2015, the existing Sino-Joint Venture partnership with Xebec Shanghai, will receive a direct strategic equity investment ($3.4M) from Shenergy in exchange for the debt and interest owed by Xebec for its share buyback obligation. The newly formed partnership will open large-scale opportunities to develop hydrogen infrastructure in China. Shenergy is one of several designated state-owned enterprises tasked with building out hydrogen infrastructure in Shanghai and across China.
“Xebec has been a valuable partner since 2015 when we embarked with them to collaborate on hydrogen projects in China. The hydrogen fuel market is now starting to accelerate with China’s new government policies, and we wanted to strengthen our relationship with this strategic investment. Xebec’s PSA technology platform is known for its robust performance, compact footprint and low operating costs for hydrogen purification. We see Xebec’s solutions and expertise as a key component in our mandate for the rollout of hydrogen refueling stations and onsite hydrogen generation infrastructure. I look forward to our collaboration and it is our honor to be working with a worldwide renewable gas leader,” states Xue Feng Song, Deputy General Manager at Shenergy Group Company Limited.
“We’re excited to be taking our partnership with Shenergy to the next level. Shenergy is an energy leader in China and has been a key partner for Xebec Shanghai since 2015. They saw an opportunity to further our relationship by making a strategic equity investment into Xebec as they prepare for China’s new hydrogen policy, one of the most aggressive in the world. This partnership will help us grow our hydrogen business in Asia and is expected to have a positive impact on our activities in Europe and North America as Xebec integrates with and benefits from the growing hydrogen supply chain in China,” says Kurt Sorschak, President & CEO, Xebec Adsorption Inc.
China’s new policy sets a framework for one million FCEV on the road by 2030
Announced in September, China set an aggressive hydrogen policy which targets 1 million fuel cell electric vehicles (FCEVs) on the road by 2030. Part of this target is an initial five-year plan for the accelerated development of the hydrogen fuel cell vehicle industry, with an aim to achieve a total deployment of 10,000 FCEVs and a total economic output of RMB 24 billion by 2025.
There have been approximately 7,200 FCEVs and 80 refueling stations deployed in China to date. Xebec believes this new policy showcases the strategic significance of FCEVs for the decarbonization of transportation and hydrogen’s extended use within industry.
In addition, China’s new hydrogen policy was followed by the country’s pledge to be carbon neutral by 2060. The country now joins more than 60 others who have pledged carbon neutrality by 2050. Hydrogen is expected to play a key part in reducing the world’s greenhouse gas (GHG) emissions by displacing the use of higher carbon-based fuels.
Strengthened partnership will allow Xebec to scale its hydrogen footprint and improve its balance sheet
Xebec Shanghai has successfully deployed 25 hydrogen purification systems in China to date with an additional seven scheduled for commissioning over the next few months. These systems have historically been used for refinery or petrochemical off-gas purification to provide high purity hydrogen for FCEVs or industrial applications. As a result of the new policy, additional applications are expected to open up, such as hydrogen refueling infrastructure and de-centralized hydrogen production where Xebec’s technology will be needed.
Shenergy in effect has converted the debt Xebec owed to Shanghai Chengyi New Energy Venture Capital Co., Shenergy’s financial services subsidiary, into a direct strategic investment of equity. Consideration of approximately $1.7M will be paid for the outstanding interest owed by Xebec, and the $3.4M of long-term debt will be moved into the equity section of Xebec’s balance sheet. Following the transaction, Xebec will own 60% of the Sino-Joint Venture with 35% belonging to Shenergy and 5% to a management incentive pool.
The definitive agreements for the investment have been signed at the end of October, and closing is expected to occur at the end of December 2020. Xebec and Shenergy will have board representation in Xebec Shanghai and decisions will need a greater than two-thirds majority. Consequently, after closing, IFRS requires that Xebec no longer consolidate Xebec Shanghai into its financial statements; instead, Xebec will consolidate the proportional profits and losses of Xebec Shanghai.
Xebec Expands Cleantech Service Network with Acquisition of Pennsylvania Based The Titus Company
11/02/2020 8:00:00 AM
- Fifth acquisition in Xebec’s strategy to rapidly expand its cleantech service offering for renewable natural gas and hydrogen installations in North America-
MONTREAL, Nov. 02, 2020 (GLOBE NEWSWIRE) -- Xebec Adsorption Inc. (TSXV: XBC) (“Xebec”), a global provider of clean energy solutions, is pleased to announce it has entered into an agreement effective October 30th, 2020, to acquire all of the outstanding shares of “The Titus Company” (Titus). Titus’ principals will remain with Titus after the acquisition to optimize their integration into Xebec’s Industrial Service and Support business and to grow the operation over the coming years. With this acquisition, Xebec’s Cleantech Service Network (CSN) coverage will increase to include Eastern Pennsylvania, Delaware and New Jersey.
Total consideration payable by Xebec is approximately $8.0M, subject to certain holdbacks, adjustments and time-based payments. Titus had revenues of $12.3 million for FY2019 with an EBITDA margin of approximately 13.5%. Titus is on track and expected to achieve similar revenue and profitability for FY2020. As with other acquisitions, Xebec expects that Titus’ growth and profitability could be improved with product, sourcing and back-office synergies.
“Over three decades ago I founded The Titus Company to support local Pennsylvania, New Jersey, and Delaware companies with their compressed air service needs. We are happy with what has been achieved to date and it’s time for the company to enter its next chapter. Titus’ legacy of superior capabilities in the compressed air industry will continue, and we will begin to support Xebec’s vision in renewable gases. I am thrilled to be handing off the company to a cause that can make the world a better and more sustainable place,” states Stephen Titus, Owner of The Titus Company.
“Since I started at Titus in 2017, we have made great progress in growing the business and solidifying Titus’ leadership in the states we operate in. The renewable gas industry offers an exciting pathway to future growth as we look to retool and retrain our service technicians to work on renewable natural gas and hydrogen installations. I believe that we can achieve many synergies by collaborating with Xebec and having this relationship in place is important to us,” Sean Dempsey, Chief Executive Officer at The Titus Company.
“We’re happy to welcome another member to the Xebec family. Titus has a stellar track record in the compressed air service industry with several Fortune 500 companies and the U.S Navy as customers. Their expertise and presence will be helpful in rounding out our capabilities on the U.S East coast as more customers explore decarbonization pathways that include renewable gases,” says Dr. Prabhu Rao, Chief Operating Officer at Xebec Adsorption Inc.
About “The Titus Company”
Founded in 1986 by Stephen and Donna Titus, “The Titus Company” has been in partnership with large and small companies throughout the Eastern Pennsylvania, Delaware and New Jersey regions. Wherever compressed air is used, The Titus Company provides superior expertise and the capability to serve a wide range of needs from Fortune 500 companies like DuPont and Air Products and Chemicals, to local businesses like Amish Country Gazebos and RV Industries. The Titus Company is also the largest supplier of air dryers to the United States Navy.
Related links:
https://www.xebecinc.com
For more information:
Xebec Adsorption Inc.
Brandon Chow, Investor Relations Manager
bchow@xebecinc.com
+1 450.979.8700 ext 5762
About Xebec Adsorption Inc.
Xebec is a global provider of gas generation, purification and filtration solutions for the industrial, energy and renewables marketplace. Well-positioned in the energy transition space with proprietary technologies that transform raw gases into clean sources of renewable energy, Xebec’s 1500+ customers range from small to multi-national corporations, governments and municipalities looking to reduce their carbon footprints. Headquartered in Montréal, Quebec, Canada, Xebec has several Sales and Support offices in North America and Europe, as well as two manufacturing facilities in Montréal and Shanghai. Xebec trades on the TSX Venture Exchange under the symbol XBC. For more information, www.xebecinc.com.
Xebec Hires Senior Executives to Support Next Phase of Growth
10/13/2020 8:00:00 AM
Two executive hires for legal and industrial leadership
MONTREAL, Oct. 13, 2020 (GLOBE NEWSWIRE) -- Xebec Adsorption Inc. (TSXV: XBC) (“Xebec”), a global provider of clean energy solutions, is pleased to announce today two key management hires.
Nathalie Théberge is Xebec’s first Vice President, Legal Affairs & Corporate Secretary. Ms. Théberge is a seasoned corporate lawyer with solid experience in the renewable energy industry. She was most recently at Innergex Renewable Energy, where she spent close to a decade overseeing matters related to securities, corporate law, governance, acquisitions, strategic joint ventures and business financing. Ms. Théberge brings over 25 years of legal experience with her time at Lacoste Langevin, Bombardier Capital, Cascades and Innergex.
Russell Warner is joining the team as Xebec’s first Vice President, Industrial and will be leading the company’s Cleantech Service Network expansion strategy for renewable natural gas and hydrogen installations. Based out of Charlotte, North Carolina, Mr. Warner has proven his ability to be a large-scale product leader within the compressed air industry as an executive at Sullair and Doosan Infracore Portable Power (formerly Ingersoll Rand Utility Equipment). Throughout his career, he has been responsible for launching new products and services that gained significant market share, established 10-year product roadmaps and brought several teams towards profitable growth and increased customer satisfaction.
“It is my pleasure to welcome Nathalie and Russell to the Xebec team. These hires are some of the most senior we have made to date and are critical to our continued expansion and creating a world leading renewable gas company. Organizational development is a key focus of mine as we need to have the right people lead our further growth. I’m happy with the level of expertise each one of them brings in their respective field and look forward to their contributions in the coming years,” states Kurt Sorschak, Chairman, CEO and President of Xebec.
Related links:
www.xebecinc.com
For more information:
Xebec Adsorption Inc.
Brandon Chow, Investor Relations Manager
bchow@xebecinc.com
+1 450.979.8700 ext 5762
About Xebec Adsorption Inc.
Xebec is a global provider of gas generation, purification and filtration solutions for the industrial, energy and renewables marketplace. Well-positioned in the energy transition space with proprietary technologies that transform raw gases into clean sources of renewable energy, Xebec’s 1500+ customers range from small to multi-national corporations, governments and municipalities looking to reduce their carbon footprints. Headquartered in Montréal, Quebec, Canada, Xebec has several Sales and Support offices in North America and Europe, as well as two manufacturing facilities in Montréal and Shanghai. Xebec trades on the TSX Venture Exchange under the symbol XBC. For more information, www.xebecinc.com.
LOL.
I sense sarcasm or vengeance.
Both of which are not great virtues when investing.
GLTA & JMO
Massive REVERSE SPLIT coming!!!
ROFLMAO
PUMP and DUMP!! TOXIC STOCK...STAY AWAY!!
You got that right.
lots of catalysts and upside on deck.
GLTA & JMO
XBC.V is on the verge of a massive move to the upside. This canadian gem is about to shock the trading community!!
TD Initiates Analyst Coverage with 12-month $6.50 PT
Xebec Adsorption Inc. (XBC-V) C$4.18 Profitable Today, Powering Tomorrow; Initiating at BUY
Event
We are initiating coverage on Xebec Adsorbtion Inc. with a BUY rating and $6.50 target price.
Note: A more detailed report will be published later today
Xebec Expands Cleantech Service Network with Acquisition of British Columbia Based Applied Compression Systems
Fourth acquisition in Xebec’s strategy to develop a North American service footprint for renewable natural gas and hydrogen installations
MONTREAL, Sept. 01, 2020 (GLOBE NEWSWIRE) -- Xebec Adsorption Inc. (TSXV: XBC) (“Xebec”), a global provider of clean energy solutions is pleased to announce that the Company has entered into an agreement effective August 31st, 2020, to acquire all of the outstanding securities of Applied Compression Systems Ltd. (“ACS”). ACS’ principals will remain with ACS after the acquisition to optimize their integration into Xebec’s industrial service and support business and to grow the operation over the coming years.
Xebec’s Cleantech service coverage will increase and now include British Columbia, a province with the country’s most aggressive renewable natural gas and hydrogen mandates and targets. ACS has existing experience and customer relationships for servicing renewable gas installations.
Total consideration payable by Xebec is approximately $4.5M, subject to certain holdbacks, adjustments and time-based payments. ACS had revenues of over $8.0 million for the last twelve months with an EBITDA margin of approximately 12%. As with other acquisitions in the Industrial Service and Support segment, Xebec expects that ACS’ growth and profitability could be improved with sourcing and back-office synergies.
When customers select a vendor for a multi-million-dollar renewable natural gas or hydrogen installation, service and support figures prominently in their purchasing decision. With its service acquisition strategy Xebec responds to this important customer need and sees it as competitive advantage due to the lack of a similar offering from other vendors. Furthermore, the expansion of its Cleantech Service Network (“CSN”), is set to expand across North America over the coming years. In addition, this strategy will lead to increased recurring aftermarket sales with a positive impact on overall profitability. As a result, Xebec expects revenues of approximately $200 million in its Industrial Service and Support segment by 2025.
“We’ve been a Xebec customer for more than a decade buying both regenerative compressed air dryers and nitrogen generators. We’re happy to now be more involved with Xebec through this acquisition and are excited to help increase the number of sales channels and provide the capability to design and manufacture full compressed air & gas systems. In addition, we’ve worked on a number of waste-to-energy projects in British Columbia and the United States such as renewable natural gas systems. We’re looking forward to being part of Xebec, a worldwide leader in renewable natural gas and hydrogen systems and see the use of renewable gases grow substantially in British Columbia over the coming years,” states Mike Sanderman, President, Applied Compression Systems Ltd.
Applied Compression Systems offers a single source solution for air & gas compression requirements. The company has a strong focus on custom designed and fabricated compressor packages for specialized applications in the oil, gas, petrochemical, alternative fuel, waste-to-energy, research, power generation, mining and manufacturing industries. ACS can supply either standard units or design and fabricate equipment that is custom-built to specific requirements from concept to completion.
“ACS is both a customer and supplier and has unique capabilities to design and build compressed air & gas systems. This acquisition will strengthen our Industrial product portfolio as a compressor integrator while simultaneously increasing our service presence in Western Canada. British Columbia is a key province for us as it’s one of two in Canada that specifically mandates supporting renewable natural gas and hydrogen. ACS’ rich experience in compressor system integration and service is well recognized and a great asset to our company.
Given their location on the west coast, it will bode positively with the strong pipeline of projects we are working on in those regions. Having local service and support will continue to be a key part in assuring customers they will be taken care of. We welcome Mike and his team to the growing portfolio of Xebec industrial companies,” says Dr. Prabhu Rao, Chief Operating Officer, Xebec Adsorption Inc.
Related links:
https://www.xebecinc.com
https://www.appliedcompression.com/
For more information:
Xebec Adsorption Inc.
Brandon Chow, Investor Relations Manager
bchow@xebecinc.com
+1 450.979.8700 ext 5762
About Xebec Adsorption Inc.
Xebec is a global provider of gas generation, purification and filtration solutions for the industrial, energy and renewables marketplace. Well-positioned in the energy transition space with proprietary technologies that transform raw gases into clean sources of renewable energy, Xebec’s 1500+ customers range from small to multi-national corporations, governments and municipalities looking to reduce their carbon footprints. Headquartered in Montréal, Quebec, Canada, Xebec has several Sales and Support offices in North America and Europe, as well as two manufacturing facilities in Montréal and Shanghai. Xebec trades on the TSX Venture Exchange under the symbol XBC. For more information, www.xebecinc.com.
Xebec Releases Inaugural Annual Sustainability Report
First report highlights progress towards meeting key industry sustainability metrics
MONTREAL, Aug. 31, 2020 (GLOBE NEWSWIRE) -- Xebec Adsorption Inc. (TSXV: XBC) (“Xebec”), a global provider of clean energy solutions is pleased to release today its inaugural 2019 ESG Report, highlighting its approach to sustainability and setting a baseline for managing and reporting on its material environmental, social, and governance (“ESG”) issues.
“Gross Domestic Product growth and prosperity should not come at the expense of environmental and social prosperity, and Xebec is committed to ensuring that it conducts business responsibly for the benefit of future generations. Xebec’s 2019 ESG Report is a first step to bring structure and process to the integration of ESG considerations in the conduct of our business that will lead to improved reporting year over year,” said Kurt Sorschak, Chairman, CEO and President of Xebec.
Reporting on Xebec’s material ESG issues is based on the standards of the Sustainability Accounting Standards Board (“SASB”) for the Industrial Machinery & Goods industry of the Resource Transformation sector, as defined by SASB’s Sustainable Industry Classification System®; these serve to determine the specific material ESG issues we report on. Xebec has also used the framework provided by the Taskforce on Climate-related Financial Disclosures (“TCFD”); these serve as a guide to the context and narrative Xebec provides for its sustainability approach in general and how the company addresses each material issue specifically.
Material issues addressed in the report:
Climate change
Energy management
Employee health and safety
Fuel economy and emissions in use-phase
Materials sourcing
Remanufacturing design and services
Xebec is implementing a continuous improvement process of managing, measuring, and reporting on those ESG issues that are critical to our business activities. With this report, we have begun the process of explicitly identifying such issues and integrating them into our governance and management processes, in order to more clearly measure and communicate how we perform on them to our stakeholders including our shareholders, employees, capital providers, governmental agencies, and the general public.
The full Xebec 2019 ESG Report can be downloaded at:
https://xebecinc.com/wp-content/uploads/2020/08/ESG-Report-2019.pdf
Related links:
https://xebecinc.com/
https://xebecinc.com/sustainability/
For more information:
Xebec Adsorption Inc.
Brandon Chow, Investor Relations Manager
bchow@xebecinc.com
+1 450.979.8700 ext 5762
About Xebec Adsorption Inc.
Xebec is a global provider of gas generation, purification and filtration solutions for the industrial, energy and renewables marketplace. Well-positioned in the energy transition space with proprietary technologies that transform raw gases into clean sources of renewable energy, Xebec’s 1500+ customers range from small to multi-national corporations, governments and municipalities looking to reduce their carbon footprints. Headquartered in Montréal, Quebec, Canada, Xebec has several Sales and Support offices in North America and Europe, as well as two manufacturing facilities in Montréal and Shanghai. Xebec trades on the TSX Venture Exchange under the symbol XBC. For more information, www.xebecinc.com.
Xebec Welcomes Ms. Sara Elford to Board of Directors
– Ms. Elford brings over 20 years of capital markets, cleantech and hydrogen experience –
MONTREAL, (QC), August 26th, 2020 – Xebec Adsorption Inc. (TSXV: XBC) (“Xebec”), a global provider of clean energy solutions is pleased to announce today that Ms. Sara Elford has joined Xebec’s Board effective August 25th, 2020.
Ms. Elford is a current board member of BioSyent Inc. and BQE Water Inc., both are TSX-V listed companies. She also served as a director of Hydrogenics Corp., a PEM fuel cell and electrolysis company, recently acquired by Cummins Inc. Ms. Elford sat on the audit and governance committees at Hydrogenics and also served on the special committee for its acquisition.
“I am very excited to bring my decades of experience in capital markets and cleantech to the Xebec team. The world is at a critical point where companies such as Xebec will play an important role in transitioning us to a sustainable and clean energy future. I’m happy to support this mission and my hope is that the insights I’ve gathered from serving on different boards over the years will be valuable to the team,” says Sara Elford.
Ms. Elford served on the board of several other formerly TSX listed companies including Carmanah Technologies (solar LED technology company taken private), TSO3 Inc. (medical device sterilization technology company acquired by Stryker Corporation), and Pure Technologies Ltd. (pipeline leak detection company acquired by Xylem Inc.).
Ms. Elford worked in capital markets for over twenty years as both an investment banking and equity research analyst. As a result, she followed an extensive range of industries and companies in the small to mid cap range and alternative energy space. Ms. Elford is a CFA Charter holder and a graduate of Bishop’s University with a Finance Major and Economics Minor. She also completed the directors’ education program with the ICD in 2015.
“I am very happy to welcome Sara to Xebec’s Board. With her insights and exposure to a wide range of industries, especially clean technologies and hydrogen, she will be able to greatly contribute to our Board work. As hydrogen will become a more important part of Xebec’s business her industry experience in this field will be extremely valuable and helpful. We’re honoured to have Sara join the Board of Xebec and the Board and I look forward working with her,” states Kurt Sorschak, Chairman, President and CEO, Xebec Adsorption Inc.
Related links:
https://www.xebecinc.com
For more information:
Xebec Adsorption Inc.
Brandon Chow, Investor Relations Manager
bchow@xebecinc.com
+1 450.979.8700 ext 5762
About Xebec Adsorption Inc.
Xebec is a global provider of gas generation, purification and filtration solutions for the industrial, energy and renewables marketplace. Well-positioned in the energy transition space with proprietary technologies that transform raw gases into clean sources of renewable energy, Xebec’s 1500+ customers range from small to multi-national corporations, governments and municipalities looking to reduce their carbon footprints. Headquartered in Montréal, Quebec, Canada, Xebec has several Sales and Support offices in North America and Europe, as well as two manufacturing facilities in Montréal and Shanghai. Xebec trades on the TSX Venture Exchange under the symbol XBC. For more information, www.xebecinc.com.
Xebec Announces Partnership with CarbonQuest to Reduce Carbon Emissions from Buildings
August 10 2020 - 08:00AM
Xebec Adsorption Inc. (TSXV: XBC) (“Xebec”), a global provider of clean energy solutions is pleased to announce it has signed an exclusive partnership agreement with CarbonQuest to reduce carbon emissions in New York City buildings. Xebec’s CO2 separation technology, specifically designed for this application, will be integrated into CarbonQuest’s Building Carbon CaptureTM system. CarbonQuest has developed a patent pending “4-Step Carbon Capture Process” which enables the separation and liquefaction of CO2 from natural gas. The captured Sustainable CO2TM will be sequestered or used in manufacturing or other industry. This partnership will bring a timely and cost-effective solution for property owners looking to meet their sustainability goals and reduce their exposure to the new Local Law 97 regulation. As a result, the partnership opens significant market opportunities for Xebec’s advanced CO2 capture technologies through CarbonQuest’s process.
In April 2019, the New York City Council passed the Climate Mobilization Act, which included a provision (Intro 1253) that limits greenhouse gas emissions from buildings over 25,000 square feet. Intro 1253 became Local Law 97 in May 2019, and now covers approximately 60,000 NYC buildings. Emissions reduction goals are 40% by 2030 and 80% by 2050, benchmarked against 2005 levels. The limits have been set in three phases for 2024-2029 (Phase 1), 2030-2034 (Phase 2) and 2035-2050 (Phase 3) and are measured in kilograms of CO2 equivalent per square foot. Any emissions above the limits will result in penalties which are set to progress in severity over time.
CarbonQuest’s initial project with Xebec is focused on the decarbonization of a multi-family property in New York City
The first Carbon Capture unit will be installed at a multifamily property in Manhattan with a well-respected property owner. The project is expected to cut 60-70% of CO2 emissions from natural gas usage. The estimated reduction in overall annual CO2 emissions will be 25% and is based on the combined carbon intensity of the building’s annual natural gas and electricity usage. The carbon capture process is expected to reduce the building’s carbon emissions such that the building is expected to be below the annual emissions limit.
“We’re excited to be collaborating with Xebec on our quest to decarbonize buildings. In urban cities, buildings are by far the number one source of carbon emissions. Our mission is simple: to enable these urban building owners to decarbonize now; thereby directly addressing the biggest source of emissions and decreasing environmental impact.
In New York City, buildings are responsible for over 70% of the city’s carbon emissions (NYC Mayor’s Office of Sustainability). New York City’s adoption of Local Law 97 is a leading example of how cities can address carbon emissions and meet their sustainability goals. Approximately 60,000 buildings will respond, resulting in what Urban Green Council estimates to be a $20 billion retrofit market for decarbonization solutions. The majority of these buildings consume natural gas and our “Building Carbon Capture” systems help building owners reduce up to 70% of their natural gas emissions before they are emitted into the atmosphere. Our initial system will remove an estimated 700 tons of C02 emissions annually and enable an overall 25% reduction in carbon emissions. This groundbreaking project will enable our first forward-thinking customer to meet the city’s sustainability goals and avoid millions of dollars of penalties over the lifecycle of the project.
We believe that Distributed Carbon Capture and UtilizationTM (DCCUTM) is a critical segment of the overall Carbon Capture and Storage ecosystem and that Building Carbon Capture is one of the most important Distributed Carbon Capture and Utilization technologies to immediately address climate change and advance urban building decarbonization. Applied at scale, we have a real opportunity to make a measurable impact in the battle against climate change,” says Shane Johnson, President and Chief Executive Officer, CarbonQuest.
“It’s a privilege for Xebec to work with CarbonQuest, a pioneer in the field, on this first of a kind project. Their carbon capture process opens a significant market opportunity for our compact and reliable equipment for CO2 separation applications.
The new regulations in NYC present a large-scale opportunity for Xebec to work with CarbonQuest to move forward our mission of decarbonizing the future. The new regulation appropriately incentivizes solutions such as ours and will help drive the implementation of new clean technologies.
Due to the unique nature of our products, we have been able to design a modular and compact unit which can be installed in the basements of these buildings. Building owners will hopefully recognize the benefits and cost savings of this novel carbon capture solution as they look to reduce their emissions instead of paying a pollution penalty,” says Dr. Prabhu Rao, Chief Operating Officer, Xebec Adsorption Inc.
Related links:
https://www.xebecinc.com
https://www.carbonquest.com
https://www1.nyc.gov/site/sustainability/codes/energy-benchmarking.page
https://www.urbangreencouncil.org/content/projects/all-about-nycs-historic-building-emissions-law
https://www.urbangreencouncil.org/sites/default/files/19.04.18_new_building_emissions_law_-_urban_green_council.pdf
https://www.urbangreencouncil.org/sites/default/files/urban_green_retrofit_market_analysis.pdf
For more information:
Xebec Adsorption Inc.
Brandon Chow, Investor Relations Manager
bchow@xebecinc.com
+1 450.979.8700 ext 5762
About CarbonQuest
CarbonQuest is leading the QUEST for decarbonization by providing urban building owners advanced technologies and solutions that ENABLE acceleration of global carbon reduction NOW. CarbonQuest is comprised of a team of seasoned environmental technology entrepreneurs focused on solving large problems. Prior to CarbonQuest, the team has collectively built several technology firms in the renewable energy, telecommunications and financial technology industries. CarbonQuest is a big believer in building strong and lasting partnerships with all stakeholders - customers, companies, employees, and cities.
$5 is on deck!
Next week we will blow by it.
GLTA & JMO
Looks strong heading into the earnings call.
See some analysts have bumped their targets into the high 5's and 6 range.
Love the way this is trading and the way management is executing.
GLTA & JMO
Nice news and nice action today.
New 52 week high. And tomorrow may be another.
GLTA & JMO
Nice day heading into the weekend.
Next week should be ship shape and priming for a great Q hopefully!
GLTA & JMO
She's winding up for another run!
GLTA & JMO
Xebec Receives $6.3M in Purification Orders as Adoption for Hydrogen Accelerates Worldwide
Xebec’s PSA platform enables more cost effective and greener hydrogen for industry and transportation
MONTREAL, July 27, 2020 (GLOBE NEWSWIRE) -- Xebec Adsorption Inc. (TSXV: XBC) (“Xebec”), a global provider of clean energy solutions is pleased to announce that it has received $6.3 million in hydrogen and helium PSA purification orders from customers in South Korea, United States, Canada, Italy, Poland, Trinidad and Tobago, and China. As worldwide adoption for hydrogen accelerates, Xebec’s robust and efficient PSA technology is being selected for integration into steam methane reforming and electrolysis hydrogen generation systems. The PSA platform ensures hydrogen production can cost effectively and efficiently meet the industry standard of 99.999% purity for use in fuel cell vehicles (“FCV”) and industry.
“When BayoTech was looking for a proven PSA technology to complete our hydrogen generators, Xebec was a great solution. There are few companies in the world that can offer a product which could fit with our containerized systems and achieve the high purity hydrogen required for fuel cell vehicles. We were impressed with Xebec’s long track record, innovative products and capabilities. We see them as a strong partner and look forward to growing together,” states Dwayne Victor, Director, Global Sourcing, BayoTech.
Governments around the world are supporting the increased use of hydrogen
On June 25th, 2020, the California Air Resources Board adopted a “first-in-the-world” rule requiring truck manufacturers to transition from diesel trucks and vans to zero-emission vehicles (battery electric and fuel cell electric), with a plan for every new truck sold in California to be zero-emission by 2045. This ruling will help California meet its climate goals and federal air quality standards.
The European Commission announced on July 7th, 2020 their hydrogen strategy to achieve a climate neutral Europe. The strategy has several phases, the first one includes the installation of at least 6GW of renewable hydrogen electrolyzers in the EU by 2024 and production of up to one million tons of renewable hydrogen. There is approximately 1GW of electrolyzers installed in the EU today. The second phase (2024-30) includes the installation of at least 40GW of electrolyzers by 2030 and the production of up to ten million tons of renewable hydrogen. Furthermore, there are several financial instruments to support hydrogen development and investment such as the €560 billion Next Generation EU facility, the European Regional Development Fund and the Cohesion Fund, and the €10 billion ETS Innovation Fund.
South Korea outlined a plan on July 14th, 2020 to spend 114.1 trillion won ($128 billion CAD) to create jobs and help the economy recover from the coronavirus pandemic. This includes in part, further investment into electric and hydrogen fuel cell vehicles to help achieve net-zero emissions by 2050. The country aims to have 1.13 million electric vehicles (EVs) and 200,000 hydrogen cars on the roads by 2025, up from 91,000 and 5,000 each by the end of 2019.
In April of this year, China’s National Energy Administration issued a draft Development Plan for the New Energy Vehicle Industry 2021-2035 that included hydrogen as an energy source for the first time. Its focus is on the development of hydrogen vehicle technology and the roll out of hydrogen refueling infrastructure and storage. In addition, Beijing mapped out a plan in 2019 to increase the number of hydrogen filling stations to 1,000 and have one million FCVs on the road by 2030.
“Xebec is in a unique position with our PSA platform because it can be used in all hydrogen generation systems. Hydrogen comes out of a steam methane reformer or electrolyzer with impurities that need to be removed in order to achieve a desired quality. We’ve been developing our purification technology for decades and it is a tried and tested solution that can be applied to everything from helium, renewable natural gas, and hydrogen. It’s exciting to see our Cleantech systems order flow pick up as we continue to grapple with the need to decarbonize and fight climate change,” says Dr. Prabhu Rao, Chief Operating Officer, Xebec Adsorption Inc.
Related links:
https://www.xebecinc.com
https://ww2.arb.ca.gov/news/california-takes-bold-step-reduce-truck-pollution
https://www.reuters.com/article/us-southkorea-president-newdeal-idUSKCN24F0GA
https://ec.europa.eu/commission/presscorner/detail/en/qanda_20_1257
https://asia.nikkei.com/Business/China-tech/Hydrogen-Valley-powers-China-s-fuel-cell-industry
For more information:
Xebec Adsorption Inc.
Brandon Chow, Investor Relations Manager
bchow@xebecinc.com
+1 450.979.8700 ext 5762
About Xebec Adsorption Inc.
Xebec is a global provider of gas generation, purification and filtration solutions for the industrial, energy and renewables marketplace. Well-positioned in the energy transition space with proprietary technologies that transform raw gases into clean sources of renewable energy, Xebec’s 1500+ customers range from small to multi-national corporations, governments and municipalities looking to reduce their carbon footprints. Headquartered in Montréal, Quebec, Canada, Xebec has several Sales and Support offices in North America and Europe, as well as two manufacturing facilities in Montréal and Shanghai. Xebec trades on the TSX Venture Exchange under the symbol XBC. For more information, www.xebecinc.com.
About BayoTech Inc.
BayoTech is an energy solutions company committed to addressing the need for consistent, cost-effective supply of hydrogen. We offer modular, scalable, and rapidly deployable hydrogen generation plants for on-site hydrogen production that empower our customers to take control of their hydrogen supply chain. BayoTech’s steam methane reformers achieve high energy efficiency without dependence on exported steam by high recuperation of heat for internal use. Further, the BayoTech reformer has a small form factor, allowing it to be deployed at or near the point of use. This significant improvement in efficiency, along with eliminating transportation need, translates into a reduced carbon footprint.
Its looking good here. Chart is being drawn perfectly..
GLTA & JMO
Warrants are now officially delisting. Same day we hit a new 52 week high.
Good times ahead on our way to a HUGE winner. Looking at $7/8$ by year end.
GLTA & JMO
Xebec and Fonds de solidarité FTQ launch an investment fund to increase renewable natural gas production in Québec
MONTREAL, (QC), June 1st, 2020 – Xebec Adsorption Inc. (TSXV: XBC) (“Xebec”), a global provider of clean energy solutions, and Fonds de solidarité FTQ (the “Fonds”) are proud to announce the creation of the GNR Québec Capital L.P. investment fund. With an initial capitalization of $20 million, this new investment vehicle aims to increase renewable natural gas (RNG) production in Québec. Partners, particularly from the agricultural and municipal sectors, will have access to the capital and expertise needed to develop and operate efficient facilities to treat organic waste. The creation of a fund of this type for renewable natural gas projects is a first in Québec.
Xebec and the Fonds will each initially invest $10 million into the partnership. Over time, Xebec and the Fonds expect that the partnership could receive an aggregate $100 million in equity capital from Xebec, the Fonds and other investors. Xebec and the Fonds’ initiative could, with a 75:25 debt to equity ratio, fund 12 to 15 renewable natural gas projects in Québec with an aggregate investment of $400 million over the next decade. The general partner, GNR Québec Capital Management Inc., overseen by a Board of Directors nominated by Xebec and the Fonds will be managing the partnership.
“We’re proud to once again partner with Xebec to increase the Fonds de solidarité FTQ’s impact in the fight against climate change. Renewable natural gas can accelerate the decarbonization of sectors such as transportation, home heating and industry, by supporting the circular economy through organic waste responsive management activities. This initiative also meets the Fonds’ objectives for a just energy transition by creating jobs and supporting local economies with additional revenue streams for farmers, municipalities, and industry. Xebec is a worldwide leader in renewable gases, and we are excited to have them as a partner in this project for the large-scale rollout of renewable natural gas facilities in Québec,” says Dany Pelletier, Vice President for Investments - Structuring Capital, Energy and Environment, Fonds de solidarité FTQ.
"Our partnership with the Fonds de solidarité FTQ is a great demonstration of how local players can work together to foster the development of the renewable natural gas industry. When we launched this initiative a few years ago, we realized the need for new and better adapted structures to co-invest, develop and operate these facilities in a professional manner. Quebec has become a leading RNG province in Canada and currently has several RNG facilities in operation. Considering that new government regulations, such as the Clean Fuels Standard, will soon come into force and that the need for a higher renewable natural gas content will increase over the next few years, particularly in the utilities sector, we are pleased to partner with the Fonds de solidarité FTQ to accelerate the deployment of renewable gas infrastructures. Going forward, Xebec will seek to create more of these valuable financial partnerships in the field of RNG waste-to-energy conversion in Canada and will continue its mission to bring leading-edge technologies to the sector," said Kurt Sorschak, President and CEO of Xebec Adsorption Inc.
A first-of-its-kind investment vehicle for renewable natural gas projects in Canada
This partnership is an innovative initiative that brings together industry participants (waste management companies, gas utilities, farmers, municipalities) and major financial institutions with a clear mandate to invest in organic waste treatment facilities for the production of renewable natural gas. The market for renewable natural gas in Canada is still in its infancy. In this context, Xebec and the Fonds de solidarité FTQ view this partnership as an essential step to develop and promote the expertise and efforts needed to accelerate the replacement of fossil fuels while supporting sustainable and responsible long-term investment in a waste-to-renewable gas economy in Canada.
GNR Quebec Capital: in line with government objectives for GNR production and greenhouse gas emissions reduction
GNR Quebec Capital L.P. believes that it could play a significant catalyst role in helping to meet government objectives of reducing greenhouse gas emissions and increasing the use of renewable natural gas, while supporting existing developers.
Last March, the Quebec government's 2020-2021 budget allocated $70 million to support RNG production and distribution up to 2022. This measure follows the passing, in March 2019, of regulations mandating the minimum quantity of RNG to be delivered by natural gas distributors at 1% in 2020, and 5% in 2025.
For its part, the Government of Canada announced on April 24, 2020 an updated timeline for the introduction of the Clean Fuels Standard (CFS. The objective of this standard is to achieve an annual reduction in greenhouse gas emissions of 30 million tons by 2030. It will do so by stimulating investment and innovation in low-carbon-intensity fuels while enabling cost effective compliance. Xebec expects that the implementation of the ASC will create significant opportunities for the Canadian renewable gas industry over the next decade.
Xebec to host Webinar on the Partnership
On June 2, at 11:00 a.m. EDT (8:00 a.m. PDT), Xebec management invites shareholders, analysts, investors, media representatives and other stakeholders to participate in a webinar on this innovative partnership. For the occasion, Kurt Sorschak, Xebec's President and CEO, will be joined by Louis Dufour, Xebec's Chief Financial Officer, and Prabhu Rao, Xebec's Chief Operating Officer. The presentation will be followed by a question period.
To Register: https://app.livestorm.co/xebec-adsorption-inc/xebec-and-fonds-de-solidarite-ftq-quebec-rng-partnership-webinar
They have IP that sets them apart from the competition on a technology and systems perspective.
Air Liquide would be a competitor and dwarves XBC in terms of Market Cap.
GLTA & JMO
How does Xebec's products stack up against the competition? Who even is their competition? Thanks in advance!
What did?
GLTA & JMO
The stock corrected. Lmao
Beacon doubles price target on Xebec Adsorption to $7.00
FEBRUARY 18, 2020 BY NICK WADDELL
Xebec AdsorptionBig news from Xebec Adsorption (Xebec Adsorption Stock Quote, Chart, News TSXV:XBC) has earned a bullish new target price at Beacon Securities analyst Ahmad Shaath.
This morning, Xebec announced its very first Canadian Renewable Natural Gas (RNG) infrastructure project. The project, located in Quebec, will take the form of a partnership with Bahler Biogas Inc. The company says the planned facility will process more than 45,000 metric tonnes of organic waste per year through an anaerobic digestion process.
“It is great to finally see our first BOO project move forward, Xebec CEO Kurt Sorschak said. “It showcases how local partners can come together to create a community-based sustainable waste solution for a true circular economy. Renewable natural gas presents a unique opportunity to both divert organic waste from landfills and produce a valuable source of clean energy to displace fossil natural gas and create a biofertilizer for farmers. Xebec plans to be a valuable technology provider and financial partner in the waste-to-RNG space in Canada.”
Shaath says Xebec’s track record of successful execution continues with this announcement.
“With today’s announcement, XBC ticked one of the major boxes that management has been promising since first mentioning the discussions of the project’s MoU in Q4/FY19. We also note that the conversion of its Maas LOI into purchase orders tracked ahead of management’s guidance of 12-14 weeks (<10 weeks to be precise). Additionally, XBC has been successful in ramping up revenue, which has been in the range 130%-200% y/y on quarterly basis in YTD/FY19. Xebec continues to build its track record of solid execution, which is key on its path of second year of triple-digit (profitable) revenue growth." In a research update to clients today, Shaath maintained his "Buy" rating but doubled his price target on Xebec from $3.50 to $7.00, a figure that implied a return of 69 per cent at the time of publication. The analyst thinks XBC will post EBITDA of $5.9-million on revenue of $48.5-million in fiscal 2019. He expects those numbers to improve to EBITDA of $11.7-million on a topline of $96.3-million the following year. The analyst said even with the doubling of his target, Xebec's valuation is still reasonable.
"XBC has successfully established its RNG Infrastructure business and continues to deliver impressive growth in its CleanTech backlog," the analyst concluded. "The company is building a solid track record of execution and delivering on its promises, which is a rarity in Canadian small-cap universe. The company continues to build its reputation as market leader in the fast-growing RNG market in North America and has a bullet-proof balance sheet to help establish its Service Segment though M&A and grow its RNG Infrastructure business further. This has resulted in realizing an exceptional multiple expansion, where XBC currently trades at 3.9x EV/Sales (FY20E). Despite XBC’s superior topline growth and margin profiles, its valuation remains below its CleanTech peers trading at an average of 7.2x EV/Sales (FY20E). Consequently, we are raising our target price to $7.00 (from $3.50), applying an EV/Sales multiple of 7.0x FY20E Sales (vs. 4.0x FY20E Sales and 15x FY20E EBITDA previously). BUY!"
Xebec Announces Its First Canadian Renewable Natural Gas Infrastructure Project
02/18/2020 8:00:00 AM
MONTREAL, Feb. 18, 2020 (GLOBE NEWSWIRE) -- Xebec Adsorption Inc. (TSXV: XBC) (“Xebec”), a global provider of clean energy solutions announced today that Xebec and Bähler Biogas Inc. (“Bähler”) have signed an agreement to develop an integrated facility to process various organic wastes for the production of renewable natural gas (RNG) and biofertilizer.
Located in Québec, Canada, this facility will process over 45,000 metric tons of organic waste per year through an anaerobic digestion process. This process will produce biogas that is upgraded into renewable natural gas (RNG) by a turnkey biogas upgrading equipment package supplied by Xebec. The facility will contribute to the circular economy in Québec, producing over 150,000 GJ of RNG and 7,500 metric tons of biofertilizer annually. The plant is expected to be commissioned in early 2021.
The project will sell its RNG under a 20-year off-take agreement at a fixed rate per gigajoule (GJ), and the biofertilizer produced will be sold and distributed to farmers through a major bio-solid management partner.
The project’s capital expenditures of approximately $28.0 million will be financed through a combination of equity from its development partners, non-recourse debt and a potential grant from Québec’s PTMOBC program (Programme de Traitement des Matières Organiques par Biométhanisation et Compostage), for which an application has been filed with the Québec Government.
Quotes:
“We are proud to team up with a strategic partner like Xebec to build this state-of-the-art industrial facility and lead the market for a true total life cycle solution for waste valorization.”
–
Claude-Bernard Levesque, CEO, Bähler Biogaz Inc.
“It is great to finally see our first BOO project move forward. It showcases how local partners can come together to create a community-based sustainable waste solution for a true circular economy. Renewable natural gas presents a unique opportunity to both divert organic waste from landfills and produce a valuable source of clean energy to displace fossil natural gas and create a biofertilizer for farmers. Xebec plans to be a valuable technology provider and financial partner in the waste-to-RNG space in Canada.”
– Kurt Sorschak, President and CEO, Xebec Adsorption Inc.
Related links:
https://www.xebecinc.com
For more information:
Xebec Adsorption Inc.
Brandon Chow, Investor Relations Manager
bchow@xebecinc.com
+1 450.979.8700 ext 5762
About Bähler Biogas Inc.
Bähler Biogas Inc. is a privately-owned Québec-based company which has relevant experience in turnkey project development, including expertise in specialized organic waste processes and building required infrastructure for digesters. Bähler has constructed over 20 cold-weather anaerobic digesters in Canada. For more information on the company, visit Bähler Biogas at biogas.bahler.ca.
About Xebec Adsorption Inc.
Xebec is a global provider of gas generation, purification and filtration solutions for the industrial, energy and renewables marketplace. Well-positioned in the energy transition space with proprietary technologies that transform raw gases into clean sources of renewable energy, Xebec’s 1500+ customers range from small to multi-national corporations, governments and municipalities looking to reduce their carbon footprints. Headquartered in Montréal, Quebec, Canada, Xebec has several Sales and Support offices in North America and Europe, as well as two manufacturing facilities in Montréal and Shanghai. Xebec trades on the TSX Venture Exchange under the symbol XBC. For more information, www.xebecinc.com.
First infrastructure project announced.
Huge milestone.
GLTA & JMO
Looking forward to it myself!
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