Xebec Receives Another Significant Order in Italy
March 12 2019 - 8:30AM
Xebec Adsorption Inc. (TSXV: XBC) (OTC: XEBEF) (FRANKFURT:
XB6) (“Xebec”), a global provider of renewable gas
solutions has signed a CDN$6+ million contract for a landfill
biogas upgrading plant in Italy, to be delivered in late 2019.
Fully operational, it will produce ~5 million m3 of carbon neutral
Renewable Natural Gas (RNG) annually, replacing the equivalent of
approx. 5 million liters of diesel fuel.
Similar RNG projects are developing throughout
the EU, driven by both environmental regulations and government
incentives. The Italian Government recently set aside Euro 4.7
billion (CDN$7.4 billion) in incentives to aid large gas consumers
as well as incentives for biomethane in transport. Since then,
Italy’s gas operator, SNAM, has received more than 800 requests
from potential biomethane producers to connect their upcoming
biomethane production sites to the existing gas grid, indicating a
market size for biogas upgrading equipment in excess of CDN$ 1.5
billion over the next 3 to 5 years.
The Landfill Gas-to-Energy market is undergoing
a fundamental change, in as far as Landfill Gas-to-Electricity
projects are today financially challenging. Solar and wind power
projects offer electricity rates as low as 0.05 euros per kwh, a
rate Landfill Gas-to-Electricity projects can no longer compete
with. Consequently, more and more waste companies and developers
are looking toward Landfill Gas-to-Fuels, especially to RNG as a
low carbon fuel alternative with a much better value proposition
than electricity and a significantly higher return on investment
(ROI).
“This project represents solid sales growth for
Xebec Europe, positioning us as a key player in the energy
transition space. It also highlights our proven technology
capability in handling biogas upgrading with high nitrogen
content.”– Dr. Francesco Massari, General Manager, Xebec
Europe
“Upgraded landfill gas to RNG is playing an
increasingly important role in the deployment of low carbon fuels
in transportation. We expect Xebec to be a fundamental change agent
in this transition, as we move from a fossil fuel economy to a low
carbon renewable energy future.”– Kurt Sorschak, President and CEO,
Xebec Adsorption Inc.
“Xebec is perfectly positioned to take advantage
of this fast-growing global market as our innovative, proprietary,
fast cycle adsorption technology is generating an increasing amount
of customer interest, mainly due to lower initial investment costs,
low operating and maintenance costs, flexible and stable
performance, combined with high durability and
reliability.”– Dr. Prabhu Rao, COO, Xebec Adsorption Inc.
Related
links:https://www.xebecinc.com
For more information:Xebec
Adsorption Inc.Sandi Murphy, Director, Marketing and Investor
Relations+1 450.979.8718 smurphy@xebecinc.com
About Xebec Adsorption
Inc.Xebec Adsorption Inc. is a global provider of gas
generation, purification and filtration solutions for the
industrial, energy and renewables marketplace. Its customers range
from small to multi-national corporations and governments looking
to reduce their carbon footprints. Headquartered in Montreal (QC),
Xebec designs, engineers and manufactures innovative and
transformative products, and has more than 1,500 customers
worldwide. With two manufacturing facilities in Montreal and
Shanghai, as well as a sales and distribution network in North
America, Europe, and Asia, Xebec trades on the TSX Venture Exchange
under the symbol XBC. For additional information on the company,
its products and services, visit Xebec at xebecinc.com.
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