Xebec Announces Second Landfill Gas Upgrading Order from China's Beijing Golden Green Environmental Engineering
26 June 2012 - 10:00PM
PR Newswire (Canada)
BLAINVILLE, QC, June 26, 2012 /CNW Telbec/ - Xebec Adsorption Inc.
("Xebec"), a provider of biogas upgrading, natural gas and hydrogen
purification solutions for the clean energy market, announced today
that it has received its second purchase order for a BGX kinetic
landfill gas separation system from China's Golden Green
Environmental Engineering & Technical Co. Ltd. (Golden Green).
The System will be installed in early 2013 at a landfill in Anshan
City. The upgraded landfill gas will be compressed and used as
renewable fuel in the transportation sector. Xebec's customer and
partner, Golden Green is a leading Chinese environmental
engineering firm that specializes in landfill engineering and
remediation work. This second purchase order from Golden Green is
part of the broader distribution agreement signed earlier this year
between the two companies. This exclusive agreement calls for
the potential delivery of 15 upgrading systems over the next 4
years. The value of these small to medium sized upgrading
systems range between CDN$1.7M to CDN$5.5M each, depending on the
landfill gas flow rates and gas composition. All systems will be
designed, manufactured and cost optimized at Xebec's Shanghai
facility. Xebec's ability to separate higher levels of nitrogen
(N2) and oxygen (O2) from landfill gas sites, while maintaining
excellent recovery rates at around 90% continues to offer solid
competitive advantages for customers. Less effective
equipment providers offer significantly lower recovery rates, and
therefore lower associated revenues for customers using these
systems when compared to Xebec's BGX. The majority of current
landfill gas projects in China are for electricity generation, but
as the price of natural gas in the Chinese transportation sector
increases, landfill operators are looking increasingly towards
upgrading the gas to higher value transportation fuel. Xebec
and Golden Green will continue to focus on the 150 to 170 medium
sized landfills in China that qualify for upgrading landfill gas to
renewable transportation fuel. "This second BGX landfill gas order
is a further step forward for Xebec in the Chinese landfill gas
market, further reinforcing our technology advantage and market
opportunity," stated Graham Robson, Xebec's Vice President for
Asia/Pacific Operations. "We look forward to expanding our
relationship with Golden Green and anticipate many similar orders
in the months and years to come." About Xebec Adsorption Inc. Xebec
Adsorption Inc. is a global provider of clean energy solutions to
corporations and governments looking to reduce their carbon
footprints. Xebec designs, engineers and manufactures innovative
systems that transform raw gases into marketable sources of clean
energy. Xebec's strategy is focused on establishing leadership
positions in markets where demand for biogas upgrading, natural gas
dehydration and hydrogen purification is growing. Headquartered in
Montreal (QC), Xebec is a global company with two state-of-the-art
manufacturing facilities in Montreal and Shanghai, as well as a
sales and distribution network in North America and Asia. Xebec
trades on the TSX under the symbol XBC. For additional information
on the company and its products and services, please visit the
Xebec web site at www.xebecinc.com. Caution Concerning
Forward-Looking Statements 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. XEBEC ADSORPTION INC. CONTACT: Eric FavreauChief
Financial Officer450-979-8706efavreau@xebecinc.com
Copyright
Xebec Adsorption (TSX:XBC)
Historical Stock Chart
From Apr 2024 to May 2024
Xebec Adsorption (TSX:XBC)
Historical Stock Chart
From May 2023 to May 2024
Real-Time news about Xebec Adsorption Inc (Toronto Stock Exchange): 0 recent articles
More Xebec Adsorption Inc. News Articles