Xebec Announces On-site Hydrogen Contract with Turkey-based Flat Steel Manufacturer
September 30 2021 - 6:00AM
Xebec Adsorption Inc. (TSX: XBC) (“Xebec”), a
global provider of clean energy solutions, is pleased to announce
today that it has signed a contract to supply two Hy.GEN® 150 units
with a Turkey-based flat steel manufacturer. The two units will
have a capacity of approximately 600 kg of hydrogen per day (220
tons per year) at 99.999% purity to create a protective atmosphere
within the annealing heat-treatment process. This contract from a
flat steel producer represents the first of its kind received by
Xebec and the third site in Turkey, showcasing the company’s
increasing position and diverse set of industrial applications for
on-site hydrogen generation.
“We are excited to be working with one of the
largest steel manufacturers in Turkey to reduce carbon emissions
and costs of their hydrogen supply with our decentralized hydrogen
generation technologies. Using high purity hydrogen within the
steel annealing process is a new use case for us and is an
excellent example of how we can serve a variety of manufacturing
processes. We look forward to growing our hydrogen reference base
which now includes active installations in glass manufacturing,
food, electronics, hydrocracking, and the emerging mobility sector
for refueling of hydrogen vehicles,” said Marinus van Driel,
President of Xebec Europe.
Building hydrogen supply for industrial
customers while establishing support for the emerging mobility
sectorXebec continues to execute its strategy to satisfy
existing and evolving needs for industrial hydrogen through on-site
production supported by Decentralized Production Hubs (DPHs). This
strategy will allow for local production of adequate quantities of
hydrogen while also addressing the upcoming demand from fuel cell
electric vehicles (FCEVs). Today’s announced installation will not
only contribute to local industrial hydrogen supply, but excess
hydrogen quantities of high purity hydrogen can be used to fill
emerging demand from FCEVs. The company believes that this approach
can support the economic rollout of hydrogen refueling
infrastructure.
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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greater details in the most recent quarterly management discussion
and analysis (“MD&A”) and in the Annual Information Form of the
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limitations, assumptions about trends in certain market segments,
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to be inaccurate, the Corporation’s actual results may differ
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qualified in their entirety by this cautionary statement. Except to
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herein. Readers should not place undue reliance on forward looking
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