Total
0
Shares
Xebec Adsorption - President of Xebec Europe, Marinus van Driel.
President of Xebec Europe, Marinus van Driel.
Source: Xebec Adsorption.
Market Herald logo

Subscribe

Be the first with the news that moves the market
  • Xebec (XBC) has received an E.U. research grant to create a 1 MW electrolyzer system to produce sustainable liquid fuels
  • The system will convert captured CO2 and water with renewable electricity into the fuel source
  • The company will design and build the system, which will integrate technologies from ECO2Fuel Consortium partners, including De Nora, RWE Power, DLR, VITO and Ariema
  • Xebec is a global provider of clean energy solutions for renewable and low-carbon gases used in energy, mobility and industrial applications
  • Xebec (XBC) is down by 0.35 per cent and is currently trading at $2.87 per share

Xebec (XBC) has received a research grant to create a 1 MW electrolyzer system to produce sustainable liquid fuels.

Under the ECO2Fuel Consortium, the total approved budget of C$28.9 million will be shared among partners to execute the project, which aims to convert captured CO2 and water with renewable electricity into a sustainable fuel source.

The company has been tasked with designing and building the industrial-size 1 MW system, which will integrate technologies from other consortium partners, including De Nora, RWE Power, DLR, VITO and Ariema.

Marinus van Driel, President of Xebec Europe, stated,

“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 E.U. 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.”

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

Xebec (XBC) is down by 0.35 per cent and is currently trading at $2.87 per share as of 2:05 pm ET.

More From The Market Herald
The Market Herald Video

" FuelPositive (TSXV:NHHH) releases operational costing model and timeline for green ammonia production system

FuelPositive’s (NHHH) costing model and timeline for green ammonia production are as follows.

" Jade Power Trust (TSXV:JPWR.UN) reports a sharp rise in net income for Q3

Jade Power (JPWR.UN) has achieved a 77-per-cent increase in year-over-year net income for Q3 2021.
Clear Blue Technologies - CEO, Miriam Tuerk.

" Clear Blue Technologies (TSXV:CBLU) grows Q3 revenue by 139 per cent

Clear Blue (CBLU) has reported 139 per cent year-over-year revenue growth for Q3 2021.
Solar Alliance Energy - CEO, Myke Clark.

" Solar Alliance Energy (TSXV:SOLR) enters New York market

Solar Alliance (SOLR) has completed the acquisition of its first New York solar project.