Xebec Receives EU Research Grant to Design and Build 1 MW Electrolyser System for Production of Sustainable Liquid Fuels
October 21 2021 - 7:00AM
Xebec Adsorption Inc. (TSX: XBC) (“Xebec”), a
global provider of clean energy solutions, is pleased to announce
today that it has received a research grant to design and
manufacture a new type of electrolyser system. Under the ECO2Fuel
consortium, the total approved budget of €20.1 million (CAD $28.9
million) will be shared among partners to execute the project which
aims to convert captured CO2 and water with renewable electricity
into sustainable liquid fuels. Xebec has been tasked with designing
and building the industrial size 1 MW-class system that will also
integrate technologies from other consortium partners which include
De Nora, RWE Power, DLR, VITO and Ariema.
“As we continue the energy transition, new
technologies and solutions will need to be developed to decarbonize
energy, mobility and industry. We are ecstatic to be participating
in this large EU project as the designer and manufacturer of the
world’s first low temperature industrial 1 MW system that will
create renewable alcohol fuels such as methanol and ethanol. Our
selection ultimately showcases the unique and breadth of expertise
we have in hydrogen, electrolysis and CO2 capture, and we look
forward to getting this unit into production and testing it with
our partners,” said Marinus van Driel, President of Xebec
Europe.
Related
links:https://www.xebecinc.com
Media Inquiries:Public Relations for
XebecVictor Henriquez, Senior
Partnervictor@publicsc.com+1 514.377.1102
Investor Relations:Xebec
Adsorption Inc.Brandon Chow, Director, Investor
Relationsbchow@xebecinc.com+1 450.979.8700 ext 5762
About Xebec Adsorption
Inc.Xebec is a global provider of clean energy solutions
for renewable and low carbon gases used in energy, mobility and
industrial applications. The company specializes in deploying a
portfolio of proprietary technologies for the distributed
production of hydrogen, renewable natural gas, oxygen and nitrogen.
By focusing on environmentally responsible gas generation, Xebec
has helped thousands of customers around the world reduce their
carbon footprints and operating costs. Headquartered in Québec,
Canada, Xebec has a worldwide presence with seven manufacturing
facilities, ten Cleantech Service Centers and five sales offices
spanning over four continents. Xebec trades on the Toronto Stock
Exchange under the symbol (TSX: XBC). For more
information, xebecinc.com.
Cautionary Statement This press
release contains forward-looking statements within the meaning of
applicable Canadian securities law. These statements relate to
future events or future performance and reflect the expectation of
Management regarding the growth, results of operations, performance
and business prospects and opportunities of the Corporation or its
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