MONTREAL, Jan. 25, 2012 /CNW Telbec/ - Xebec Adsorption Inc. (TSX: XBC) ("Xebec"), a provider of biogas upgrading, natural gas and hydrogen
purification solutions for the clean energy market, announced today
that it has been awarded a $2.2 million contract to supply a biogas
upgrading plant for a waste to energy project located in South Korea.
The order was placed by Potlatch Inc., a Korean developer and operator
of renewable energy and fuel cell projects.
Xebec's plant will upgrade biogas generated from the digestion of food
waste, producing high quality renewable compressed natural gas ("CNG")
to be used as vehicle fuel for a fleet of municipal buses. This will be
the second biogas upgrading plant supplied by Xebec into the Korean
market, following a similar plant installed and operating at the
Sudokwon Landfill site in Incheon in 2011.
"Since the 1996 Protocol to the London Convention came into effect in
2006, banning ocean disposal of waste, the Korean Government has
aggressively supported the development of anaerobic digestion to
process food waste," said Andrew G. Hall, Xebec Vice President of Asia
Pacific Operations, "Given the high price of natural gas in Korea, many
municipalities and private project developers are focusing on the
generation of renewable gas and CNG fuel from food waste," Hall said.
Commissioning and start-up of the upgrading plant is expected to take
place in the second half of 2012. Terms of the agreement were not
About Xebec Adsorption Inc.
Xebec Adsorption Inc. is a global provider of clean energy solutions to
corporations and governments looking to reduce their carbon footprints.
With more than 1300 customers worldwide, Xebec designs, engineers and
manufactures innovative products that transform raw gases into
marketable sources of clean energy. Xebec's strategy is focused on
establishing leadership positions in markets where demand for biogas
upgrading, natural gas dehydration and hydrogen purification is
growing. Headquartered in Montreal (QC), Xebec is a global company with
two state-of-the-art manufacturing facilities in Montreal and Shanghai,
a Technology Centre in Vancouver (BC), as well as a sales and
distribution network in North America and Asia. Xebec trades on the TSX
under the symbol XBC. For additional information on the company and its
products and services, please visit the Xebec web site at www.xebecinc.com.
Caution Concerning Forward-Looking Statements
Certain statements in this press release may constitute
"forward-looking" statements within the meaning of applicable
securities laws. This forward looking information includes, but is not
limited to, the expectations and/or claims of management of Xebec with
respect to information regarding the business, operations and financial
condition of Xebec. Forward-looking information contained in this press release involve known and unknown risks, uncertainties and
other factors which may cause the actual results, performance or
achievements of Xebec or industry results, to be materially different
from any future results, performance or achievements expressed or
implied by such forward-looking statements. This list is not exhaustive
of the factors that may affect forward-looking information contained in
this press release. When used in this press release, such statements
use such words as "anticipate", "believe", "plan", "estimate",
"expect", "intend", "may", "will" and other similar terminology. These
statements reflect current expectations regarding future events and
operating performance and speak only as of the date of this
presentation. Forward-looking statements involve significant risks and
uncertainties, should not be read as guarantees of future performance
or results, and will not necessarily be accurate indications of whether
or not such results will be achieved. A number of factors could cause
actual results to differ materially from the results discussed in the
SOURCE XEBEC ADSORPTION INC.
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