Xebec Adsorption Inc. (TSX: XBC) (“Xebec”), a
global provider of clean energy solutions, is pleased to announce
that its wholly owned subsidiary HyGear, and Coregas, a Wesfarmers
(ASX: WES) company, signed a Memorandum of Understanding (“MOU”) to
develop a robust ecosystem for the deployment of highly efficient
hydrogen supply to the transport, industrial and commercial markets
across Australia and New Zealand.
Equipped with industry leading technology for
on-site gas generation, HyGear will support Coregas with its
expertise in the process of hydrogen production, purification and
recycling of industrial gases, including installation, operations
and maintenance. By combining Coregas’ established footprint of
production and storage facilities for compressed gases, both
companies will cooperate in building a hydrogen supply business
model for HyGear’s steam methane reforming and electrolyser
technologies with Coregas’ large customer base in Australia and New
Zealand.
“Coregas is delighted to enter into this
partnership with Xebec to collaborate on real solutions that drive
the development of hydrogen ecosystems. We look forward to bringing
our respective expertise and technologies together to deliver
turn-key solutions for customers operating across the hydrogen
value chain,” said Alan Watkins, Coregas Executive General
Manager.
“We are excited to collaborate with Coregas by
providing concrete cost and carbon emission reduction solutions for
the emerging hydrogen infrastructure in Australia and New Zealand.
This long-term partnership aligns with our objective to develop a
cost-effective and local leadership in the hydrogen gas industry,
helping us establish a benchmark for zero emissions in transport
and industry,” stated Marinus van Driel, President of Xebec Europe
and Global Hydrogen Group.
The agreement further outlined the mutual
support in the business operations of both organizations. In view
of the rapid expansion of the hydrogen gas industry in Australia,
HyGear recognizes the potential need to support Coregas in the
future with its unique Decentralized Production Hub (DPH)
strategy.
On February 16, 2021, Xebec announced the launch
of its hydrogen supply strategy in the United Kingdom. This
included the construction of the company’s second Decentralized
Hydrogen Production Hub in West Bromwich, with Buse Gases Ltd as a
joint venture. This announcement follows the successful
construction and operation of the first hub in Arnhem, The
Netherlands, which was commissioned in 2017 and is currently
delivering hydrogen to customers locally.
“We believe the DPH strategy will create
compelling and sustainable value for our partnership with Coregas
and their customers,” said Marinus van Driel. “These hubs will be
able to provide industrial customers with low priced, low carbon
hydrogen and support the roll-out of hydrogen refueling stations in
an economically viable way and move Australia and New Zealand
closer to the goal of net-zero emissions.”
Related
links:https://www.coregas.com.au/https://hygear.com/https://www.xebecinc.com
Media Inquiries:Public Relations for
XebecVictor Henriquez, Senior
Partnervictor@publicsc.com+1 514.377.1102
Investor Relations:Xebec
Adsorption Inc.Brandon Chow, Director, Investor
Relationsbchow@xebecinc.com+1 450.979.8700 ext 5762
About Coregas Pty LtdAs a
Wesfarmers company, Coregas is the only Australian-owned gases
company. Coregas services a wide range of industries and has a
wealth of industrial gas experience and knowledge spanning over 40
years. The company manufactures gases locally and distributes
throughout Australia and New Zealand via a network of branches and
third parties. Products include industrial gases, medical gases and
specialty gases in quantities ranging from single cylinders to bulk
liquid tanks. Coregas is a leading producer of hydrogen, with
distribution from its Port Kembla facility to customers across
Australia, including supply partnerships with projects in the
burgeoning hydrogen economy. For more information, coregas.com.
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.
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update or revise any forward-looking statement, whether as a result
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