Xebec Receives $6.3M in Purification Orders as Adoption for Hydrogen Accelerates Worldwide

Xebec’s PSA platform enables more cost effective and greener hydrogen for industry and transportation

MONTREAL, July 27, 2020 (GLOBE NEWSWIRE) -- Xebec Adsorption Inc. (TSXV: XBC) (“Xebec”), a global provider of clean energy solutions is pleased to announce that it has received $6.3 million in hydrogen and helium PSA purification orders from customers in South Korea, United States, Canada, Italy, Poland, Trinidad and Tobago, and China. As worldwide adoption for hydrogen accelerates, Xebec’s robust and efficient PSA technology is being selected for integration into steam methane reforming and electrolysis hydrogen generation systems. The PSA platform ensures hydrogen production can cost effectively and efficiently meet the industry standard of 99.999% purity for use in fuel cell vehicles (“FCV”) and industry.

“When BayoTech was looking for a proven PSA technology to complete our hydrogen generators, Xebec was a great solution. There are few companies in the world that can offer a product which could fit with our containerized systems and achieve the high purity hydrogen required for fuel cell vehicles. We were impressed with Xebec’s long track record, innovative products and capabilities. We see them as a strong partner and look forward to growing together,” states Dwayne Victor, Director, Global Sourcing, BayoTech.

Governments around the world are supporting the increased use of hydrogen
On June 25^th, 2020, the California Air Resources Board adopted a “first-in-the-world” rule requiring truck manufacturers to transition from diesel trucks and vans to zero-emission vehicles (battery electric and fuel cell electric), with a plan for every new truck sold in California to be zero-emission by 2045. This ruling will help California meet its climate goals and federal air quality standards.

The European Commission announced on July 7^th, 2020 their hydrogen strategy to achieve a climate neutral Europe. The strategy has several phases, the first one includes the installation of at least 6GW of renewable hydrogen electrolyzers in the EU by 2024 and production of up to one million tons of renewable hydrogen. There is approximately 1GW of electrolyzers installed in the EU today. The second phase (2024-30) includes the installation of at least 40GW of electrolyzers by 2030 and the production of up to ten million tons of renewable hydrogen. Furthermore, there are several financial instruments to support hydrogen development and investment such as the €560 billion Next Generation EU facility, the European Regional Development Fund and the Cohesion Fund, and the €10 billion ETS Innovation Fund.