Xebec Adsorption Inc. (TSX: XBC) announced today that it has received a research grant to design and build a new type of industrial 1 MW-class electrolyser system. The project aims to “convert captured CO2 and water with renewable electricity into sustainable liquid fuels”.
“We are ecstatic to be participating in this large EU 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,” said Xebec Europe President Marinus van Driel.
The EU-backed project managed by the ECO2Fuel consortium has a total approved budget of $28.9 million that will be shared among members of the group. The clean energy firm’s role is to design the electrolyser system that will also integrate technologies from other consortium partners.
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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,” van Driel added.
Earlier this month, it was revealed that the company’s largest order to date for its BGX-Biostream units came from a joint venture with Chevron Corp (NYSE: CVX).
Xebec Adsorption last traded at $2.88 on the TSX.
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