BLAINVILLE, QC, April 10, 2014 /CNW Telbec/ - Xebec Adsorption Inc. (TSXV: XBC) ("Xebec"), a provider of biogas upgrading, natural gas, field gas and hydrogen purification and filtration solutions for the clean energy and crude-derived fuels displacement markets, announced today that Datuk Dr. Ewon Ebin, Malaysia's Minister for Science, Technology and Innovation has recently paid a working visit to Xebec's biogas upgrading plant located on Cary Island in Selangor. The plant was commissioned in June last year, and utilizes Xebec's advanced biogas upgrading technology, which transforms and upgrades the biogas from palm oil mill effluents (POME) into compressed natural gas for transportation use. The plant has a design capacity of 500 liters of gasoline equivalent a day.
The project was developed by Sirim's Renewable Energy Research Center. The palm oil industry is one of the important industries in Malaysia, and the fourth largest contributor to the Malaysian economy. The other benefits from bio natural gas captured from POME are a reduction of the dependence on fossil fuels, enhancement of fuel diversity, an increase in energy supply security and a reduction of carbon dioxide emission from the palm oil industry. The Selangor POME biogas upgrading project is the first of its kind in the world.
"Production of biogas from POME will truly benefit the Malaysian economy, as fuel prices are set to increase in future years due to global factors. I am sure that Xebec will be able to assist Malaysia's efforts of producing alternative fuels for natural gas vehicles with Xebec's proven and reliable biogas technology." said Kurt Sorschak, President and CEO of Xebec.
Given the size of the palm oil industry in South East Asia, Xebec is excited about the opportunities to upgrade biogas from POME to renewable natural gas. Xebec is especially thankful to its Malaysian partner to have selected Xebec as the technology provider of choice.
Xebec Adsorption Inc. is a global provider of clean energy solutions to corporations and governments looking to reduce their carbon footprints. With more than 1,500 customers worldwide, Xebec designs, engineers and manufactures innovative products that transform raw gases into marketable sources of clean energy mainly used as transportation fuel. Xebec's strategy is focused on establishing leadership positions in markets where demand for biogas upgrading, natural gas dehydration, liquefaction and hydrogen purification is growing. Headquartered in Montreal (QC), Xebec is a global company with two manufacturing facilities in Montreal and Shanghai, 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 forward-looking statements.
SOURCE: Xebec Adsorption Inc.
For further information: Kurt Sorschak, President and CEO, 450-979-8701, email@example.com; Eric Favreau, Chief Financial Officer, 450-979-8706, firstname.lastname@example.org