Xebec Adsorption Inc. (TSXV: XBC) (“Xebec”), a
global provider of clean energy solutions announced today that it
signed a letter of intent on December 4th, 2019, with Maas Energy
Works (“MEW”) for five Renewable Natural Gas (RNG) systems. Four of
these systems will use Xebec’s innovative small-scale containerized
Biostream™ upgrading solution.
The Biostream units are fully containerized and
automated systems with a 62 to 280 SCFM (100 to 450 NCMH) capacity
to convert biogas into 98+% pure biomethane, with 99+% methane
recovery. The system is flexible and reliable with a 40 to 100%
turn-down. One of the system options includes an integrated CNG
Fuel Dispenser.
Maas Energy Works was looking for a solution
that would support the production of renewable natural gas from
biogas streams generated from animal waste on small dairy farms
located throughout California. They discovered this innovative,
affordable solution developed by Xebec that meets the needs of
farmers while adhering to the strict California “Rule 30”
specifications for the Low Carbon Fuel Standard (LCFS) program to
reduce greenhouse gas (GHG) emissions.
Xebec will supply dairy farmers with an initial
four (4) Biostream™ container systems, each with a 280 SCFM
capacity. With additional included options, they could produce more
than 80 million standard cubic feet (SCF) of pure biomethane
annually. This renewable natural gas will be injected into the
California gas grid, significantly reducing the State’s carbon
footprint while providing a substantial revenue stream for the
farmers who proudly support climate change action.
As part of the LOI, Xebec will also supply
another, more substantial unit with a 1500 SCFM capacity for a site
located in the Western region of the United States.
Project delivery dates are throughout 2020.
Quotes: “Maas Energy Works has
completed a detailed Technical and Commercial evaluation of
different biogas upgrading technologies for our customers in
California and found that Xebec’s unique BGX Biostream™ is a
perfect fit for our farmers’ requirements to purify small biogas
flows using one of the most cost-effective, compact solutions in
the industry today.”- Daryl Maas, President, Maas Energy Works
“Almost ten years ago, we began a clean energy
journey in California with a demonstration plant that would
successfully test our biogas upgrading solutions against the newly
formed “Rule 30” specifications. With the fight against climate
change dramatically escalating, we have been innovating ever since.
I’m pleased that we can act now with technology solutions and the
experience to answer many different needs for decarbonizing our
future.”- Dr. Prabhu Rao, COO, Xebec Adsorption Inc.
Related
Links:https://www.xebecinc.com/
https://www.maasenergy.com/
For more information:Xebec
Adsorption Inc.Brandon Chow, Investor Relations Specialist +1
450.979.8700 ext 5762 bchow@xebecinc.com
Antonio Saavedra, Director, Sales and Business
Development+1 604.362.7297 asaavedra@xebecinc.com
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 and
the OTCQX Exchange under the symbol XEBEF. For more information,
www.xebecinc.com.
About Maas Energy WorksMaas
Energy Works has served as the lead developer on 25 new or upgraded
dairy digester facilities that currently process manure from over
30 farms making them the most experienced dairy digester developer
on the west coast. Maas Energy Works (MEW) coordinates project
teams, designs, schedules, permits, grants, and utilities, while
selecting equipment and contractors custom to the dairy facility.
The company also operates the digesters and monetizes the
biogas and all of its environmental attributes. Over the last 12
years of working in the dairy biogas industry, MEW has built an
affiliated team of over 50 full time digester experts, plus a
network of strategic partner companies that have a familiar,
collaborative working relationship that is unequaled in the
industry, enabling projects to move rapidly, avoid unnecessary
costs, and provide a high quality and reliable outcome. MEW’s
history of timely construction and continual operational
performance is unparalleled in the industry and is critical to
realizing “Renewable Energy that Works.”. For more information,
www.maasenergy.com.
Cautionary StatementNeither TSX
Venture Exchange nor its Regulation Services Provider (as that term
is defined in the policies of the TSX Venture Exchange) accepts
responsibility for the adequacy or accuracy of this release. This
news release contains forward-looking statements and
forward-looking information (together, “forward-looking
statements”) within the meaning of applicable securities laws. All
statements, other than statements of historical facts, are
forward-looking statements, and subject to risks and uncertainties.
Generally, forward-looking statements can be identified by the use
of terminology such as “plans”, “seeks”, “expects”, “estimates”,
“intends”, “anticipates”, “believes”, “could”, “might”, “likely” or
variations of such words, or statements that certain actions,
events or results “may”, “will”, “could”, “would”, “might”, “will
be taken”, “occur”, “be achieved” or other similar expressions.
Forward-looking statements, including statements concerning future
capital expenditures, revenues, expenses, earnings, economic
performance, indebtedness, financial condition, losses and future
prospects as well as the expectations of management of Xebec with
respect to information regarding the business and the expansion and
growth of Xebec operations, involve risks, uncertainties and other
factors that could cause actual results, performance, prospects and
opportunities to differ materially from those expressed or implied
by such forward-looking statements. Forward-looking statements are
subject to business and economic factors and uncertainties, and
other factors that could cause actual results to differ materially
from these forward-looking statements, including the relevant
assumptions and risks factors set out in Xebec's public documents,
including in the most recent annual management discussion and
analysis and annual information form, filed on SEDAR at
www.sedar.com. Furthermore, should one or more of the risks,
uncertainties or other factors materialize, or should underlying
assumptions prove incorrect, actual results may vary materially
from those described in forward-looking statements or information.
These risks, uncertainties and other factors include, among others,
the uncertain and unpredictable condition of global economy,
Xebec’s capacity to generate revenue growth, limited number of
customers, and other factors. Although Xebec believes that the
assumptions and factors used in preparing the forward-looking
statements are reasonable, undue reliance should not be placed on
these statements, which only apply as of the date of this news
release, and no assurance can be given that such events will occur
in the disclosed times frames or at all. Except where required by
applicable law, Xebec disclaims any intention or obligation to
update or revise any forward-looking statement, whether as a result
of new information, future events or otherwise.
A photo accompanying this announcement is available at
https://www.globenewswire.com/NewsRoom/AttachmentNg/63b66e4f-9f9f-46aa-952b-c754a0b23c1c
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