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FormerXBC Inc XEBEQ

Xebec Adsorption Inc designs, engineers, and manufactures products that are used for purification, separation, dehydration, and filtration equipment for gases and compressed air. The company operates in three reportable segments: Systems, Corporate and other, and Support. Its product lines are natural gas dryers for natural gas refueling stations, compressed gas filtration, biogas purification, associated gas, engineering services, and air dryers. The company's geographical segments are United States, Canada, China, Other, Korea, Italy, and France.


GREY:XEBEQ - Post by User

Comment by Resilience19on Aug 25, 2021 12:10pm
108 Views
Post# 33761242

RE:HYGEAR AND GPS RENEWABLES PARTNER TO DEVELOP RENEWABLE NATUR

RE:HYGEAR AND GPS RENEWABLES PARTNER TO DEVELOP RENEWABLE NATURThe question I have is, why wouldn't XBC issue a NR highlighting this? If anything, I think it would have a positive effect on XBC's sp.

RandomMaker wrote:

HYGEAR AND GPS RENEWABLES PARTNER TO DEVELOP RENEWABLE NATURAL GAS TO GREEN HYDROGEN INFRASTRUCTURE IN INDIA

 
BACK TO NEWS

PARTNERSHIP WITH INDIA’S LEADING STATE-OF-THE-ART MODULAR BIOGAS EQUIPMENT MANUFACTURER

25/08/2021HyGear, the specialist in on-site hydrogen generation and supply, announced today that its subsidiary company, HyGear Asia, has signed a Memorandum of Understanding (“MOU”) with GPS Renewables, a leading waste management cleantech firm with close to 100 modular biogas installations in urban India.

The companies will collaborate on converting organic waste (OFMSW / Agri waste) and landfill gas into green hydrogen with GPS Renewable’s state-of-the-art biomethanation plants, downstream bio CNG installations and HyGear’s on-site steam methane reforming-based Hy.GEN products. By leveraging on the experiences and technologies, the partnership will result in combined renewable gas leadership to create the first-of-its-kind waste-to-hydrogen infrastructure in the country.

“As we work towards building the circular economy around the world, green hydrogen from organic waste (OFMSW / Agi waste) and landfill gas is an exciting opportunity to create this next-generation, low carbon fuel. Steam methane reforming of renewables natural gas represents one of the lowest emissions and cost-effective production pathways available today for hydrogen. With over 80 systems deployed globally, HyGear is a worldwide leader in on-site hydrogen generation solutions. We look forward to contributing to India’s decarbonisation goals with a local biogas leader such as GPS Renewables,” stated Marinus can Driel, CEO of HyGear.

India has ambitious targets to support biogas and renewable natural gas production for transportation

On November 20, 2020, the Ministry of Petroleum & Natural Gas announced an investment of Rs. 2 lakh crore (USD $29.6 billion) to support a target of 5,000 compressed biogas facilities by 2023-24 and a production target of 15 MMT (million metric tons). Under the Sustainable Alternative Towards Affordable Transportation (SATAT) initiative, the policy aims to boost the availability of affordable and clean transport fuels.

“By taking slow but steady steps, in a span of 6 years of commercialization, GPS Renewables has been able to position itself as the go-to project integrator for organic waste stream to bioCNG production in India. Our clientele, which ranges from Fortune 500 companies, virtually every luxury hotel chain in India to the country’s largest climate fund, is a testament to that. As India gears up for a green hydrogen economy, by partnering with a global leader like HyGear, we aim to replicate the same positioning in the field of green hydrogen, being the go-to ideation and execution partner for green hydrogen project developers. We (HyGear and GPS) have zeroed in our first pilot site, from within GPS’ operational organic waste to biogas projects, and we aim to announce the kickstart of India’s first biomethanation based green hydrogen plant shortly,” said Mainak Chakraborty, CEO of GPS Renewables.

 

About HyGear
At HyGear, we believe that hydrogen will be the fuel of the future. With state-of-the-art technologies to generate and recycle hydrogen at or near the end users’ site, HyGear offers the most optimal and cost-efficient supply with the best reliability and lowest environmental impact. Providing worldwide services in the existing industrial gases market and the upcoming market for hydrogen energy, HyGear is set on a mission to establish local hydrogen sources globally.

As a member of the Xebec Group, we are dedicated to help the world transition to a low-carbon future. Together with our affiliated companies, we deliver premium technologies for renewable natural gas, hydrogen as clean future energy carrier, and on-site generation and recycling of industrial gases. With a global network of technical services companies, we are able to provide installation, servicing and maintenance of our equipment worldwide.

For more information, www.hygear.com and www.xebecinc.com

 About GPS Renewables

GPS Renewables, one of India’s leading bioenergy technology & project integration firms. GPS started off with captive biogas solutions powered by proprietary technology for automated biohealth monitoring, called the BiogasBot. Today, GPS has close to 100 operational captive biogas solutions for clients such as Microsoft, Intel, Bosch, Cummins, Saint Gobain, Marie Technimont, Reliance and Marriott Group, to name a few. GPS’ upcoming projects includes what would be Asia’s largest source separated organics based bioCNG plant in the city of Indore. GPS’s investors include the likes of Triodos IM, the most sustainable fund in the world and Caspian Impact Investments.




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