Xebec Receives EU Research Grant to Design and Build 1 MW Electrolyser System for Production of Sustainable Liquid Fuels
Xebec Adsorption Inc. (TSX: XBC) has announced a research grant to develop a groundbreaking low-temperature electrochemical CO2 conversion system as part of the ECO2Fuel consortium. The project, with a total budget of €20.1 million (CAD $28.9 million), aims to convert captured CO2 and water into sustainable liquid fuels using renewable electricity. Xebec will design and build a 1 MW-class system, integrating technologies from various partners. This initiative highlights Xebec's expertise in hydrogen and CO2 capture, positioning the company for significant advancements in the clean energy sector.
- Awarded a €20.1 million research grant (CAD $28.9 million) for innovative CO2 conversion technology.
- Positioned as the designer and manufacturer of the world’s first low-temperature industrial 1 MW CO2 conversion system.
- Collaboration with notable partners like De Nora and RWE Power enhances technological capabilities.
- None.
Grant to design and build a worldwide first low temperature electrochemical CO2 conversion system
MONTREAL, Oct. 21, 2021 (GLOBE NEWSWIRE) -- Xebec Adsorption Inc. (TSX: XBC) (“Xebec”), a global provider of clean energy solutions, is pleased to announce today that it has received a research grant to design and manufacture a new type of electrolyser system. Under the ECO2Fuel consortium, the total approved budget of
“As we continue the energy transition, new technologies and solutions will need to be developed to decarbonize energy, mobility and industry. We are ecstatic to be participating in this large EU project as the designer and manufacturer of the world’s first low temperature industrial 1 MW system that will create renewable alcohol fuels such as methanol and ethanol. Our selection ultimately showcases the unique and breadth of expertise we have in hydrogen, electrolysis and CO2 capture, and we look forward to getting this unit into production and testing it with our partners,” said Marinus van Driel, President of Xebec Europe.
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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 industry. Forward-looking statements typically contain words such as “believes”, “expects”, “anticipates”, “continues”, “could”, “indicates”, “plans”, “will”, “intends”, “may”, “projects”, “schedules”, “would” or similar expressions suggesting future outcomes or events, although not all forward-looking statements contain these identifying words. Examples of such statements include, but are not limited to, statements concerning: (i) success in designing and building the 1 MW system as noted in this press release.
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