Monday, June 16, 2025

Latest

Xebec Gets EU Research Grant To Build 1 MW Electrolyser System For Sustainable Liquid Fuels

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.

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.


Information for this briefing was found via Sedar and the companies mentioned. The author has no securities or affiliations related to this organization. Not a recommendation to buy or sell. Always do additional research and consult a professional before purchasing a security. The author holds no licenses.

Video Articles

First Majestic Silver: The Santa Elena Mine

Equinox Gold: Guidance Cut After Issues At Greenstone

Simply Solventless Q4 Earnings: So Much For Guidance

Recommended

NexGen Energy Receives Approval For Site Expansion At Rook I Project

ESGold Sees Installation Of Humphrey Spirals Completed At Montauban

Related News

Xebec Adsorption Reports Q4 2020 Revenues Of $6.4 Million, Net Loss Of $28.3 Million

Xebec Adsorption (TSX: XBC) this morning reported its fourth quarter financial results. The company reported...

Thursday, March 25, 2021, 08:57:12 AM

Xebec Announces Quebec Renewable Natural Gas Project

Xebec Adsorption (TSXV: XBC) this morning announced that it will be working with Bähler Biogas...

Tuesday, February 18, 2020, 08:24:16 AM

Xebec: Canaccord Views Three Year Plan As Ambitious, Without Risk

After an uneventful and lackluster quarter, Xebec Adsorption (TSX: XBC) provided investors with a three-year...

Friday, April 1, 2022, 03:43:00 PM

Canaccord Lifts Xebec Adsorption’s Price Target To $5.00

On November 11th, Xebec Adsorption (TSX: XBC) announced its third quarter financial results. The company...

Sunday, November 21, 2021, 01:22:00 PM

Xebec Adsorption Sees Revenues Fall To $26.7 Million In Third Quarter

Xebec Adsorption (TSX: XBC) was yet another name to have reported financial results in the...

Thursday, November 11, 2021, 08:35:57 AM