XEBEC ANNOUNCES A BREAKTHROUGH IN BIOGAS UPGRADING TO RENEWABLE NATURAL GAS
Recovery Rates up to 98.5% Allow Operators to Maximize Revenue, Lower Operating Costs and Increase Profitability
MONTREAL, (QC), March 16, 2017 - Xebec Adsorption Inc. (TSXV: XBC) (“Xebec”), a global provider of gas generation, purification, and filtration solutions for the industrial, energy and renewables marketplace, announced today that it has achieved a significant breakthrough in its fast cycle pressure swing adsorption (PSA) technology for upgrading biogas to renewable natural gas (RNG). By optimizing the process design and combining it with a novel adsorption/desorption cycle, Xebec can now achieve recovery rates of up to 98.5% while operating at low pressure, allowing operators to maximize revenue, lower operating costs and, consequently, increase profitability.
Xebec has pioneered fast and rapid cycle adsorption technology, bringing its proprietary technology to the biogas upgrading market more than fifteen (15) years ago. Adsorption technology is now well-established for upgrading biogas to RNG and Xebec is a major player with 27 installations operating globally and a growing number of ongoing projects under planning, procurement and construction.
Biogas upgrading has historically been a challenge because gas compositions constantly vary, flow rates fluctuate, and temperatures change with seasonal and weather conditions. Operators need technology solutions that are flexible, reliable, and cost effective in order to maximize profits. Xebec has a sterling reputation for delivering product gas that meets all of these objectives at a quality that can be injected into the pipeline systems. In a collaborative demonstration with Southern California Gas in 2012, Xebec demonstrated that its technology can meet “Rule 30”, California’s very stringent gas quality standard, even under varying operating conditions.
PSA recovery rates typically deliver recoveries in the 94% to 96% range. With this breakthrough in the PSA process and cycle design, Xebec can offer a step change in achievable recovery rates, up to 98.5%, offering its proven adsorption technology that is cost effective, flexible and highly reliable.
Xebec’s newest upgrading systems being deployed in Europe over the last 6 months are achieving these new performance levels. This is one of the reasons Xebec has seen its order book increase significantly.
“This is a game changer for Xebec,” says Kurt Sorschak, President and CEO of Xebec. “Our customers have always been highly complementary of our robust and flexible systems that can adjust within minutes to changing operating conditions while continuously delivering quality product gas that can be sold. With this improvement in recovery to 98.5%, we are now offering clear economic advantages to our customers. Xebec combines high recovery with low operating costs and unrivaled system tolerance and flexibility, resulting in increased profitability for our customers. With 21 projects in our current pipeline, I know customers have clearly taken to Xebec’s new biogas upgrading solution.”
For more information:
Xebec Adsorption Inc.
Marketing & Communications Manager
+1 (450) 979 8718
Xebec Adsorption Inc. is a global provider of gas generation, purification and filtration solutions for the industrial, energy and renewables marketplace. Its customers range from small to multi-national corporations and governments looking to reduce their carbon footprints. Headquartered in Montreal (QC), Xebec designs, engineers and manufactures innovative and transformative products, and has more than 1,500 customers worldwide. With two manufacturing facilities in Montreal and Shanghai, as well as a sales and distribution network in North America, Europe, and Asia, Xebec trades on the TSX Venture Exchange under the symbol XBC. For additional information on the company, its products and services, visit Xebec at xebecinc.com.
Neither TSX Venture Exchange nor its Regulation Services Provider (as that term is defined in the policies of the TSX Venture Exchange) accepts responsibility for the adequacy or accuracy of this release. Certain statements in this press release may constitute "forward-looking" statements within the meaning of applicable securities laws. This forward looking information includes, but is not limited to, the expectations and/or claims of management of Xebec with respect to information regarding the business, operations and financial condition of Xebec. Forward-looking information contained in this press release involve known and unknown risks, uncertainties and other factors which may cause the actual results, performance or achievements of Xebec or industry results, to be materially different from any future results, performance or achievements expressed or implied by such forward-looking statements. This list is not exhaustive of the factors that may affect forward-looking information contained in this press release. When used in this press release, such statements use such words as "anticipate", "believe", "plan", "estimate", "expect", "intend", "may", "will" and other similar terminology. These statements reflect current expectations regarding future events and operating performance and speak only as of the date of this presentation. Forward-looking statements involve significant risks and uncertainties, should not be read as guarantees of future performance or results, and will not necessarily be accurate indications of whether or not such results will be achieved. A number of factors could cause actual results to differ materially from the results discussed in the forward-looking statements.
Investor Relations Contact:
Xebec Adsorption Inc.
President & Chief Executive Officer
+1 (450) 979 8701