GREY:XEBEQ - Post by User
Comment by
catchascatchcanon Jan 04, 2022 1:42pm
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Post# 34282362
RE:RE:RE:RE:Directionally speaking
RE:RE:RE:RE:Directionally speakingAbsolutely
Ciao wrote: Their NR for the purchase of UEC and justification for and reach into the US market was more than adequate.
Key Transaction Highlights
- Acquisition of Denver area based UECompression (“UEC”) to expand North American production capacity five-fold for a total of 150 to 190 containerized BGX Biostream™ (“Biostream) and Hy.GEN® hydrogen units per year to meet accelerating U.S. demand for standardized renewable gas systems
- Further optimizes global manufacturing footprint by bringing Xebec’s European gas generation products such as Hy.GEN to North America
- Biostream well positioned as a market leading RNG solution for an estimated 8,574 U.S. dairy, poultry, and swine farms identified for biogas production
- Expands Cleantech Service Network coverage to Montana, Wyoming, Colorado, North & South Dakota and Nebraska
- Adds highly skilled workforce with experience in designing and manufacturing air and gas processing systems with references in landfill gas, natural gas, biogas, hydrogen, and air compression
Significant capacity increase to support the growing U.S. animal manure RNG market
According to the United States Department of Agriculture and National Pork Producers Council, there are approximately 92,000 active dairy and hog farms in the U.S. The American Biogas Council estimates that approximately 8,574 of these farms are primed for biogas and renewable natural gas production with more than 98 farms already producing RNG for the local transportation market.
Xebec is focused on serving animal manure-based projects because of their ability to reduce emissions from agriculture, support local communities and recycle nutrients. Biostream is well positioned as a market leading solution for animal livestock operations as showcased with orders from top U.S. dairy developers which include an initial 18-unit order from the Brightmark and Chevron RNG partnership.