|
|
ADVERTISEMENT
Buy Your own advertising
spaces!
.
Download Adobe Acrobat Reader to open [PDF] files.
Recent Visitors
Xebec signs cooperation agreement with leading chinese biogas company
2010. 3 June
(marketwatch.com)
Xebec Adsorption Inc. CA:XBC
0.73,
-0.04,
-5.19%)
("Xebec"), a provider of
biogas upgrading, natural gas and hydrogen purification solutions for
the clean energy market, announced today that it has signed a
cooperation agreement with Qingdao Tianren Environment Co. Ltd.
("Tianren") for the development of anaerobic digestion
systems that produce renewable compressed natural gas
("CNG") vehicle fuel from waste materials. The signing
ceremony took place at the Canadian Pavilion at World Expo in
Shanghai in the presence of the Canadian Minister of International
Trade Mr. Peter Van Loan.
Under the terms of the non-exclusive agreement, Xebec will supply biogas purification equipment for future biogas-to-CNG projects developed by Tianren. In addition, Xebec and Tianren will cooperate in a range of additional areas, including the development of financing alternatives for Chinese biogas project developers and the deployment of Tianren's anaerobic digestion technology in markets outside of China.
"Xebec's strategy is to partner with market leaders in the Chinese biogas market in order to accelerate the deployment of Xebec's biogas purification solutions in the fast-growing Chinese biogas market," said Kurt Sorschak, President and CEO of Xebec. "Tianren is one of the premier Chinese bio-energy companies designing anaerobic digesters for generating biogas from organic wastes, and we believe that the combination of Tianren's anaerobic digestion technology and Xebec's advanced biogas purification systems will create a market-leading solution to cost effectively produce renewable CNG from waste materials.
"The biogas market in China is poised for significant growth, as the Chinese government seeks solutions to process increasing amounts of municipal and agricultural wastes in an environmentally responsible matter. Currently there are more than 5,000 biogas digesters in China, producing some 13 billion cubic meters (m3) of biogas annually. According to the Chinese Ministry of Agriculture this number is set to increase to at least 40 billion m3 of biogas by 2020. At the same time, demand for CNG as a clean burning transportation fuel is also growing in China. The production of renewable CNG vehicle fuel from waste materials represents an exciting opportunity to create high-value renewable fuels while helping to solve China's waste management challenges and reducing their carbon footprint," said Sorschak.
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, an R&D facility in Vancouver (BC) as well as a sales and distribution network in North America, Asia and Europe. 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.
About Qingdao Tianren Environment Co. Ltd.
Qingdao Tianren Environment Co., Ltd, founded in 1993, is the first professional and hi-tech Chinese company in biomass resources exploitation and utilization, biogas plant design, equipment supply, investment and operation. Tianren has received ISO9001 & ISO14001 accreditation, been honored with an A-certificate for construction design and consultation, owns over 50 patents and proprietary technologies, has developed more than 20 technologies for biomass energy and environmental protection, completed 600 FSR and has designed and built over 350 anaerobic digestion plants.
Tianren has committed itself to the comprehensive utilization of organic waste, such as using livestock manure, straw and other agricultural waste, household garbage, food waste to produce biogas energy and organic fertilizer. It has constructed several well-known biogas projects in China, such as large scale Modern Pasture Biogas Project of the Wenshang Mengniu Group, the Vehicle Fuel Biogas Plant of the Henan Zhenyuan Group and the Demo Project of Livestock Manure Utilization of Jilin Biomass Energy Co., Ltd. etc. For more information, please visit Tianren web site at www.tianren.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.
To view the photo associated with this press release, please visit the following link: http://www.marketwire.com/library/20100602-xebec_800.jpg
Contacts: Xebec Adsorption Inc. Kurt Sorschak President and Chief Executive Officer 450-979-8701 ksorschak@xebecinc.com Xebec Adsorption Inc. Ginette Gagne Vice President, Finance and CFO 450-979-8721 ggagne@xebecinc.com Xebec Adsorption Inc. Andrew G. Hall VP, Asia Pacific Operations +86 13918241800 ahall@xebecinc.com
SOURCE: Xebec Adsorption Inc.
mailto:ksorschak@xebecinc.com mailto:ggagne@xebecinc.com mailto:ahall@xebecinc.com
Copyright 2010 Marketwire, Inc., All rights reserved.
Source: www.marketwatch.com