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Xebec Adsorption Inc. has secured credit facilities totaling up to $59.25 million CAD from the National Bank of Canada to support its organic growth and Cleantech Service Network acquisition strategy. This funding will enhance financial flexibility and cash management for expanding Xebec's renewable natural gas and hydrogen installations across North America and Europe. The partnership underscores the bank's commitment to supporting sustainable development, highlighting Xebec's role in the transition to a net-zero carbon economy.
Xebec Adsorption Inc. has completed the acquisition of Inmatec Gase Technologie, enhancing its capabilities in clean energy by adding on-site nitrogen and oxygen generation technologies. This strategic move positions Xebec as a leader in the gas generation market, expanding its service network across Europe, the Middle East, and Africa. The deal opens new growth opportunities, including access to the medical oxygen market and the German hydrogen sector. Xebec expects to leverage Inmatec's established distribution network of over 40 partners globally.
Xebec Adsorption Inc. has signed a 15-year Gas-as-a-Service contract with Saint-Gobain for hydrogen supply to their facility in the UK. This comes alongside the construction of a Decentralized Hydrogen Production Hub in West Bromwich, set to produce 300 kg of hydrogen daily. The company aims to meet industrial hydrogen needs and support the growth of fuel cell vehicles. With the UK's net-zero carbon goal by 2050, this hydrogen initiative is crucial for Xebec's global expansion strategy in clean energy.
Xebec Adsorption Inc. (TSX: XBC) has appointed Mr. Marinus Van Driel as President of the Global Hydrogen Group following the acquisition of HyGear, marking a key management change to support future growth. Concurrently, Dr. Prabhu Rao has left his role as Chief Operating Officer, although he remains a director. The company is in the process of appointing a new COO. Xebec specializes in clean energy solutions for renewable and low carbon gases, with a global footprint and a commitment to environmentally responsible gas generation.
Xebec Adsorption Inc. (XBC) has received an order for a hydrogen purification system from FuelCell Energy, Inc. (FCEL). The system will purify hydrogen produced by FuelCell Energy’s SureSourceTM Hydrogen platform, ensuring it meets standards for fueling zero-emission vehicles operated by Toyota at the Port of Long Beach, California. This project, set for delivery in Q3 2021, focuses on generating green hydrogen from renewable natural gas, supporting initiatives to reduce carbon emissions and improve air quality.
Xebec Adsorption Inc. (TSXV: XBC) announces two key executive hires aimed at enhancing its leadership in renewable energy solutions. Nathalie Théberge joins as Vice President, Legal Affairs & Corporate Secretary, bringing over 25 years of legal expertise, including significant experience in the renewable sector. Russell Warner takes on the role of Vice President, Industrial, focusing on expanding the company's Cleantech Service Network. These appointments are seen as crucial for Xebec's strategy to strengthen its market position and support its continued growth in the clean energy sector.