- Mr. Gérard Mounier brings over 30 years of
project finance experience in the renewable energy
infrastructure sector
MONTREAL, Sept. 17, 2020 /CNW Telbec/ - GNR Québec
Capital L.P. ("GNR Québec Capital"), an investment fund dedicated
to increasing the conversion of waste into renewable natural gas
(RNG) in the Province of Québec, is pleased to announce the
appointment of Mr. Gérard Mounier as President and General Manager
of GNR Québec Capital Management Inc.
Resulting from a partnership announced on June 1st between Xebec Adsorption Inc. (TSXV:
XBC) ("Xebec"), a global provider of clean energy solutions, and
the Fonds de solidarité FTQ (the "Fonds"), GNR Québec Capital is an
innovative fund that provides developers and partners with access
to capital and expertise to develop and operate facilities that
treat and convert organic waste into renewable natural gas and
biofertilizers.
"I am particularly proud to join the GNR Québec Capital team and
thus contribute to the development of this new player in the
renewable energy sector. Together, I am convinced that we will
build an enterprise that will become an important growth driver in
the renewable natural gas market in Quebec," says Gérard Mounier, President and
General Manager of GNR Québec Capital Management Inc.
"Renewable natural gas will play a big role in the energy
transition. As co-founders of GNR Québec Capital, we are thrilled
to be able to count on Gérard Mounier's long experience to help
develop this sector in Québec," said Christian G. Brosseau, the Fonds de solidarité
FTQ's Vice-President for Investments, Structuring Capital, Energy,
and Environment.
"We are delighted to welcome Gérard to the management team of
this new investment fund in Québec. His skills and professional
experience in financing renewable energy projects and
infrastructure will help accelerate the deployment of solutions to
reduce Québec's carbon footprint and promote the circular economy
through better management of organic waste. GNR Québec Capital is a
unique investment vehicle in Québec and Canada and Gérard is the right person to move
this initiative forward," said Kurt Sorschak, Chairman, CEO and
President of Xebec.
A seasoned infrastructure executive
Prior to his
appointment, Gérard Mounier was a strategic advisor for
Infrastructure, Energy and Natural Resources and Co-Chair of the
Infrastructure Group at Lavery, a major Québec law firm. In this
capacity, he advised pension funds and multinational corporations
in Canada on project financing in
the fields of solar energy, wind energy, biomass and biofuels.
Previously, at Desjardins Capital Markets, he managed the
financing of projects ranging from $20
million to $250 million. He
was involved in 19 projects which contributed to the deployment of
nearly $ 1 billion in capital. He has
also held management positions at Laurentian Bank, BNP Paribas,
Royal Bank of Canada and Crédit
Lyonnais.
Gérard Mounier holds a master's degree from the Institut
Supérieur de Gestion in Paris. He
is also a member of the Board of Directors of Nergica (an applied
research center that stimulates innovation in renewable energy),
the Infrastructure Council and the Cercle de la finance
internationale de Montréal.
Related links:
Press release on the creation of GNR Québec Capital
GNR Québec Capital website
About the Fonds de solidarité FTQ
The Fonds de
solidarité FTQ is a capital development fund that channels the
savings of Quebecers into investments. With net assets of
$13.8 billion as at May 31, 2020, the Fonds has helped create and
protect 221,267 jobs. The Fonds has 3,329 partner companies and
707,935 shareholders-savers.
About Xebec Adsorption Inc.
Xebec is a global provider
of gas generation, purification, and filtration solutions for the
industrial, energy and renewables marketplace. Well-positioned in
the energy transition space with proprietary technologies that
transform raw gases into clean sources of renewable energy, Xebec's
1500+ customers range from small to multi-national corporations,
governments and municipalities looking to reduce their carbon
footprints. Headquartered in Montréal, Quebec, Canada, Xebec has several Sales and
Support offices in North America
and Europe, as well as two
manufacturing facilities in Montréal and Shanghai. Xebec trades on the TSX Venture
Exchange under the symbol XBC.
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, notably as
a consequence of the Covid-19 pandemic, Xebec's capacity to
generate revenue growth, the ability of Xebec and the Fonds to
identify additional partners, the ability of the partnership to
raise additional capital investment, the development of the
renewable gas market in Canada,
the capacity for the partnership to identify valuable renewable gas
projects to invest in, the ability of the partnership to contribute
to the reduction of greenhouse gas emissions, price of raw
material, Xebec's capacity to meet all its other commitments and
business plans, Xebec's limited number of customers, the potential
loss of key employees, share price volatility, 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.
SOURCE Fonds de solidarité FTQ