GREY:XEBEQ - Post by User
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ZouZS3on Apr 08, 2022 8:01pm
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Xebec and SAPIO Group Sign an Exclusive Partnership
Xebec and SAPIO Group Sign an Exclusive PartnershipMar 31, 2021 — Sapio and Xebec have extended their partnership to an additional year to provide adequate time to execute the projects.
On May 16, 2018, Xebec announced it signed an exclusive market development and commercialization agreement with Sapio Group. Under this agreement, Sapio Group agreed to a minimum purchase order commitment for multiple Xebec biogas upgrading plants for a total value of 33 million euros (CDN$51 million) to be delivered over three years. Sapio Group is one of the largest industrial gas companies in Italy with over 1,800 employees and revenues of Euro 500+ million. Its business model includes the production and distribution of bio-liquefied natural gas (bioLNG) throughout Italy. The biogas market in Italy continues to grow after some delays in the implementation of the regulations related to the incentives. Sapio and Xebec have extended their partnership to an additional year to provide adequate time to execute the projects. Projects based on this partnership are in the deployment and commissioning stage pending the end of the COVID19 restrictions.