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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

Post by savyinvestor333on Sep 30, 2021 7:02am
174 Views
Post# 33942304

News Out

News Out

Xebec Announces On-site Hydrogen Contract with Turkey-based Flat Steel Manufacturer

T.XBC 

First steel metal treatment contract showcases Xebec’s diverse industry applications for decentralized hydrogen generation

MONTREAL, Sept. 30, 2021 (GLOBE NEWSWIRE) -- Xebec Adsorption Inc. (TSX: XBC) (“Xebec”), a global provider of clean energy solutions, is pleased to announce today that it has signed a contract to supply two Hy.GEN® 150 units with a Turkey-based flat steel manufacturer. The two units will have a capacity of approximately 600 kg of hydrogen per day (220 tons per year) at 99.999% purity to create a protective atmosphere within the annealing heat-treatment process. This contract from a flat steel producer represents the first of its kind received by Xebec and the third site in Turkey, showcasing the company’s increasing position and diverse set of industrial applications for on-site hydrogen generation.

“We are excited to be working with one of the largest steel manufacturers in Turkey to reduce carbon emissions and costs of their hydrogen supply with our decentralized hydrogen generation technologies. Using high purity hydrogen within the steel annealing process is a new use case for us and is an excellent example of how we can serve a variety of manufacturing processes. We look forward to growing our hydrogen reference base which now includes active installations in glass manufacturing, food, electronics, hydrocracking, and the emerging mobility sector for refueling of hydrogen vehicles,” said Marinus van Driel, President of Xebec Europe.

Building hydrogen supply for industrial customers while establishing support for the emerging mobility sector
Xebec continues to execute its strategy to satisfy existing and evolving needs for industrial hydrogen through on-site production supported by Decentralized Production Hubs (DPHs). This strategy will allow for local production of adequate quantities of hydrogen while also addressing the upcoming demand from fuel cell electric vehicles (FCEVs). Today’s announced installation will not only contribute to local industrial hydrogen supply, but excess hydrogen quantities of high purity hydrogen can be used to fill emerging demand from FCEVs. The company believes that this approach can support the economic rollout of hydrogen refueling infrastructure.

Related links:
https://www.xebecinc.com

Media Inquiries:
Public Relations for Xebec
Victor Henriquez, Senior Partner
victor@publicsc.com
+1 514.377.1102

Investor Relations:
Xebec Adsorption Inc.
Brandon Chow, Director, Investor Relations
bchow@xebecinc.com
+1 450.979.8700 ext 5762


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