Market Herald logo

Subscribe

Be the first with the news that moves the market
  • Xebec Adsorption (XBC) subsidiary HyGear has reached an agreement to supply hydrogen for a fueling station in the Netherlands
  • The 18-month agreement includes the on-site generation and delivery of 130,000 kg of hydrogen
  • The hydrogen generated will support 33,000 fuel cell electric vehicle fills over the duration of the contract
  • Xebec Adsorption is a global provider of clean energy solutions for renewable and low carbon gases used in energy, mobility and industrial applications
  • Xebec (XBC) closed the day up 7.41 per cent trading at $5.22 per share

Xebec Adsorption (XBC) subsidiary HyGear has reached an agreement to supply hydrogen for a fueling station in the Netherlands.

The 18-month agreement includes the on-site generation and delivery of 130,000 kg of hydrogen from HyGear’s decentralized production hub in Arnhem, Netherlands.

The hydrogen generated will support 33,000 fuel cell electric vehicle fills over the duration of the contract.

Hydrogen is expected to play an important role in the Dutch government’s energy transition policy framework, particularly in heavy-duty vehicles such as trucks, buses, tractors and ships.

On February 18, 2021, HyGear signed its first hydrogen fuel supply contract with Rijngas, a gas sales and distribution company, for a fueling station in Amsterdam operated by Orangegas. The station is one of the first in Amsterdam and the sixth in the country.

HyGear is also building its second production hub in West Bromwich, United Kingdom, to be operated by Buse Gases Ltd. as a joint venture.

Marinus van Driel, President of Xebec Europe, commented,

“This is the second hydrogen supply agreement we have signed in the Netherlands for refueling stations. We are excited about our continued traction as large-scale demand for the fuel comes online for heavy and light-duty FCEVs such as buses and passenger cars.

Our decentralized hydrogen production hubs already offer supply to local industrial markets, and we are primed for the increased demand from the mobility sector. This unique approach of local production and distribution will play well into our global strategy of distributed and decentralized gas generation, resulting in significantly lower costs and emissions.”

Xebec Adsorption is a global provider of clean energy solutions for renewable and low carbon gases used in energy, mobility and industrial applications.

Xebec (XBC) closed the day up 7.41 per cent trading at $5.22 per share.

More From The Market Herald

" NFI Group (TSX:NFI) subsidiary ADL delivers 1000th BYD ADL electric bus

NFI Group (NFI) subsidiary Alexander Dennis Limited (ADL) has delivered its 1000th zero-emission bus.

" Foremost Lithium (CSE:FAT) working on battery-grade lithium hydroxide product

Foremost Lithium Resource & Technology (FAT) has contracted XPS Expert Process Solutions to create a ready-to-sell battery-grade lithium hydroxide product.

" HPQ Silicon Resources’ (TSXV:HPQ) PUREVAP Quartz Reduction Reactor pilot plant is now functional

HPQ Silicon Resources (HPQ) has received confirmation from PyroGenesis Canada that the PUREVAP Quartz Reduction Reactor pilot plant is now functional.

" Decklar (TSXV:DKL) ships initial barrels to Nigerian export facilities

Decklar (DKL) has shipped 4,000 barrels of crude to the UPIL export facilities.