Join today and have your say! It’s FREE!

Become a member today, It's free!

We will not release or resell your information to third parties without your permission.
Please Try Again
{{ error }}
By providing my email, I consent to receiving investment related electronic messages from Stockhouse.

or

Sign In

Please Try Again
{{ error }}
Password Hint : {{passwordHint}}
Forgot Password?

or

Please Try Again {{ error }}

Send my password

SUCCESS
An email was sent with password retrieval instructions. Please go to the link in the email message to retrieve your password.

Become a member today, It's free!

We will not release or resell your information to third parties without your permission.

Bullboard - Stock Discussion Forum 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,... see more

GREY:XEBEQ - Post Discussion

FormerXBC Inc > HYGEAR AND GPS RENEWABLES PARTNER TO DEVELOP RENEWABLE NATUR
View:
Post by RandomMaker on Aug 25, 2021 7:57am

HYGEAR AND GPS RENEWABLES PARTNER TO DEVELOP RENEWABLE NATUR

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.

Comment by Ciao on Aug 25, 2021 8:28am
Lots of info in this NR that tells you this will be huge for HyGear (XBC)... 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 ...more  
Comment by kulewater on Aug 25, 2021 1:14pm
The forward implications of this news is only understood by a few. An extremely bullish / leading indicator of what is to come.  Distribution and reach are far more important than profitability at this stage of the transition to H2. Adding to my already sizeable position.
Comment by Ciao on Aug 25, 2021 1:44pm
No doubt that some will be concerned about the SG&A involved in the legwork to get to this MOU rather than the big picture that lies ahead. It's a good thing this wasn't a XBC NR else TD might give it a mixed impact assessment and downgrade the stock.  :-) 
Comment by tamaracktop on Aug 25, 2021 9:31am
That article is dated today. The obvious question becomes "Why wouldn't they annoiunce that?" It's not as if their shareholders aren't starving for some good news.
Comment by Resilience19 on Aug 25, 2021 12:10pm
The 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.
Comment by Newtrader1982 on Aug 25, 2021 12:18pm
Maybe they are waiting for this part to happen before announcing. we aim to announce the kickstart of Indias first biomethanation based green hydrogen plant shortly, said Mainak Chakraborty, CEO of GPS Renewables.
Comment by Newtrader1982 on Aug 25, 2021 12:29pm
Things are happening behind the scenes news on the way it's almost a certainty this pops back above 4.
The Market Update
{{currentVideo.title}} {{currentVideo.relativeTime}}
< Previous bulletin
Next bulletin >

At the Bell logo
A daily snapshot of everything
from market open to close.

{{currentVideo.companyName}}
{{currentVideo.intervieweeName}}{{currentVideo.intervieweeTitle}}
< Previous
Next >
Dealroom for high-potential pre-IPO opportunities