GREY:XEBEQ - Post by User
Post by
Th3mtlon Jun 03, 2020 8:58am
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Post# 31105557
New LOI
New LOI
Xebec is pleased to announce that it has signed a letter of intent (LOI) on May 28th, 2020, for the sale of a multi-million dollar biogas to renewable natural gas (RNG) installation to a large-scale utility customer in Alberta. An opportunity to further Canadas oil and gas industry and help the country decarbonize its energy mix Canada is the worlds fourth largest natural gas producer. Renewable natural gas (RNG) production represents an opportunity to reduce carbon emissions of natural gas by creating renewable gas from organic waste sources, that can be blended with fossil natural gas to reduce the overall carbon intensity. There are several benefits to RNG which include: reduction in greenhouse gas emissions, increased domestic energy production, compatibility with existing natural gas infrastructure, improved waste management, new revenue streams for farmers and municipalities, advancement of the circular economy and job creation.