Xebec Adsorption Inc (XBC)

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2017 Cleantech Export Star: Xebec Adsorption Inc.

Export Development Canada has worked with Xebec Adsorption Inc. since 2012, providing a package of financial supports, including loan guarantees, credit insurance and project bonding. These products help limit buyer risk allowing companies like Xebec to complete sales and establish themselves in new markets.

From its roots building commercial air dryers in Blainville, Qubec, Xebec has evolved into a world-leading provider of innovative technologies to transform raw gases into marketable sources of reduced-carbon and zero-carbon fuels. These include “associated gas”, the natural gas found with oil that traditionally has been burned off and lost; “biogas”, an organic ‘waste’ product that can be converted into renewable natural gas (RNG); and purified hydrogen fuel.

Non-traditional energy sources provide an alternative to higher-carbon diesel, propane or heating oil, with significant potential to reduce greenhouse gas emissions. They also are among a handful of fuels that can be substituted into major parts of the world’s existing transportation system with relatively little retooling, presenting a multi-billion-dollar business opportunity with significant upside for Canadian exports.

“Raw gases were still a relatively open and unfamiliar corner of the clean technology world when we started working on them, and it took a lot of effort to proof our technologies and get the first commercial projects off the ground,” says Kurt Sorschak, Xebec’s President and CEO. “But we clearly saw its commercial potential and had our sights firmly set on getting our products out into international markets.”

Xebec’s years of work started paying off as world demand for cleaner fuels began to grow due to aggressive renewable fuels mandates and other alternative energy policies introduced by the European Union, the U.S. Environmental Protection Administration (EPA) and other regulators.

“The opportunities are there, but one of our biggest stresses has been the hesitancy of some customers to try new technologies without project guarantees and financial supports,” Mr. Sorschak says. “EDC has stepped in to fill that void, which has made all the difference in our ability to complete sales. I can honestly say that without this support we wouldn’t have been able to achieve the growth we have had.”

Today, 80% of Xebec’s sales come from exports to the U.S., Asia, and Europe – most notably France, where it recently became the market leader. Its international footprint now includes sales offices in Singapore, Houston, Texas, and Erbusco, Italy, and a modern sales and manufacturing facility in Shanghai, China.

EDC understands the potential impact of Xebec’s technology on global warming and the jobs and economic opportunities it can bring to Canada, and we recognize them as one of Canada’s “Cleantech Export Stars”.

https://edc.trade/edc-cleantech-export-star-xebec/