GREY:XEBEQ - Post by User
Post by
Zipolitemexicoon May 15, 2021 10:41am
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Post# 33209761
Biostream sales this year
Biostream sales this yearFrom the CC
The company launched and delivered its first two fully containerized and standardized BGX Biostream™ (“Biostream”) units for small-scale biogas upgrading applications.
We will deliver an additional four units in the next five months and are working to increase our production capacity to two units per months effective August 2021.
The Biostream units that have been delivered to California and Idaho are now in operation at customer facilities and injecting RNG into local utility pipelines.
With the recently announced acquisition of Nortec, additional manufacturing capacity will be created for Xebec’s Blainville Qubec facility for the streamlined production of these units. As a result of demand, there are 11 Biostream units currently in production for customer deliveries in the coming months.
I am not sure if I am reading 13 or 17 Biostream units to be delivered this year. If the four that are being delivered over the next 5 months are aleady produced then they could be delivering 17 units or $25M in revenue from RNG sales. Given this product has been in production for several months, I am guessing the 4 units are off the shelf.
I am going to ask for clairifcation on those numbers Monday.