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Press Release

Xebec Provides Update on Asian Renewable Natural Gas Market

Release date: 29.04.2019

Press Release PDF

MONTREAL, (QC), April 29th, 2019 – Xebec Adsorption Inc. (TSXV: XBC) (OTC: XEBEF) (“Xebec”), a global provider of renewable natural gas (RNG) solutions, is pleased to note that the Chinese National Development and Reform Commission (NDRC), announced a new initiative on March 1st 2019, to use biogas to partially replace coal in rural areas.

China plans to produce 30 billion cubic meters of biogas from agricultural waste and manure by 2030, part of a wider measure to reduce the domestic coal consumption in rural regions by 50 megatonnes. In order to achieve this target, China will need to build approximately 3,000 to 4,000 upgrading facilities over the next 10 years, requiring investments of CDN$7 to 10 billion.

Xebec has been active in this developing market for over 10 years and is now adding several new facilities to its existing installations which also serve as excellent reference sites for future customers. One example is a facility located in Malaysia that upgrades biogas from Palm Oil Mill Effluents (POME) into RNG using Xebec’s biogas upgrading system. The plant is in Sabah, a State of Malaysia located in the north eastern part of Borneo.

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In China, Xebec is commissioning another upgrading system, specifically a Waste Water Treatment Plant in the City of Suzhou (Jiangsu Province). It processes 1250 NCMH of biogas from a mix of kitchen, landscaping and leachate waste into RNG which is injected as pure biomethane into the local town gas grid.

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With plants operating in Korea, China, Malaysia, France, Italy, Switzerland, Austria, Canada and the United States, Xebec is proud to play an ever bigger part in helping to decarbonize our future through renewable gases while providing a revenue source for end users such as gas utilities and the public sector.

"The market conditions for renewable natural gas and hydrogen purification equipment remain strong across all our operating geographies, but China offers unique opportunities given the government’s aggressive renewable energy targets. Xebec China is well established and is becoming a key contributor in both the hydrogen and RNG space."
– Kurt Sorschak, President and CEO, Xebec Adsorption Inc.


Related links:
https://www.xebecinc.com
https://asian-power.com/environment/news/china-eyes-biogas-coal-alternative-in-rural-areas

For more information:
Xebec Adsorption Inc.
Sandi Murphy, Director, Investor Relations and Marketing
1-450-979-8718
smurphy@xebecinc.com

About Xebec Adsorption Inc.
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.

Cautionary Statement
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. This news release contains forward-looking statements and forward-looking information (together, “forward-looking statements”) within the meaning of applicable securities laws. All statements, other than statements of historical facts, are forward-looking statements, and subject to risks and uncertainties. Generally, forward-looking statements can be identified by the use of terminology such as “plans”, “seeks”, “expects”, “estimates”, “intends”, “anticipates”, “believes”, “could”, “might”, “likely” or variations of such words, or statements that certain actions, events or results “may”, “will”, “could”, “would”, “might”, “will be taken”, “occur”, “be achieved” or other similar expressions. Forward-looking statements, including statements concerning future capital expenditures, revenues, expenses, earnings, economic performance, indebtedness, financial condition, losses and future prospects as well as the expectations of management of Xebec with respect to information regarding the business and the expansion and growth of Xebec operations, involve risks, uncertainties and other factors that could cause actual results, performance, prospects and opportunities to differ materially from those expressed or implied by such forward-looking statements. Forward-looking statements are subject to business and economic factors and uncertainties, and other factors that could cause actual results to differ materially from these forward-looking statements, including the relevant assumptions and risks factors set out in Xebec's public documents, including in the most recent annual management discussion and analysis and annual information form, filed on SEDAR at www.sedar.com. Furthermore, should one or more of the risks, uncertainties or other factors materialize, or should underlying assumptions prove incorrect, actual results may vary materially from those described in forward-looking statements or information. These risks, uncertainties and other factors include, among others, the uncertain and unpredictable condition of global economy, Xebec’s capacity to generate revenue growth, limited number of customers, and other factors. Although Xebec believes that the assumptions and factors used in preparing the forward-looking statements are reasonable, undue reliance should not be placed on these statements, which only apply as of the date of this news release, and no assurance can be given that such events will occur in the disclosed times frames or at all. Except where required by applicable law, Xebec disclaims any intention or obligation to update or revise any forward-looking statement, whether as a result of new information, future events or otherwise.