{"id":383830,"date":"2020-11-18T08:03:14","date_gmt":"2020-11-18T13:03:14","guid":{"rendered":"http:\/\/www.marketnewsdesk.com\/?p=383830"},"modified":"2020-11-18T08:03:14","modified_gmt":"2020-11-18T13:03:14","slug":"xebec-applauds-quebecs-plan-for-a-green-economy","status":"publish","type":"post","link":"https:\/\/www.marketnewsdesk.com\/index.php\/xebec-applauds-quebecs-plan-for-a-green-economy\/","title":{"rendered":"Xebec Applauds Qu\u00e9bec\u2019s Plan for a Green Economy"},"content":{"rendered":"
\n

\n
\n – <\/em>
\n <\/strong>
\n
\n The Qu<\/em>
\n <\/strong>
\n
\n \u00e9<\/em>
\n <\/strong>
\n
\n bec company<\/em>
\n <\/strong>
\n
\n is <\/em>
\n <\/strong>
\n
\n well positioned<\/em>
\n <\/strong>
\n
\n to provide<\/em>
\n <\/strong>
\n
\n local solutions for<\/em>
\n <\/strong>
\n
\n renewable natural gas<\/em>
\n <\/strong>
\n
\n and hydrogen<\/em>
\n <\/strong>
\n
\n projects <\/em>
\n <\/strong>
\n
\n in Qu<\/em>
\n <\/strong>
\n
\n \u00e9<\/em>
\n <\/strong>
\n
\n bec<\/em>
\n <\/strong>
\n
\n –<\/em>
\n <\/strong>\n <\/p>\n

MONTR\u00c9AL, Nov. 18, 2020 (GLOBE NEWSWIRE) — Xebec Adsorption Inc. (TSXV: XBC) <\/strong>(\u201cXebec\u201d), a global provider of clean energy solutions, is pleased with the importance given to the development of renewable natural gas and hydrogen in Qu\u00e9bec, following the unveiling of the Qu\u00e9bec government’s plan on November 16, 2020 for a green economy, and the major investments announced in these sectors.<\/p>\n

\n Qu\u00e9bec\u2019s r<\/strong>
\n enewable natural gas target <\/strong>
\n has<\/strong>
\n doubled to 10% by 2030<\/strong>
\n
Within the plan, a minimum of 10% renewable natural gas (RNG) content in the pipeline is targeted by 2030, a doubling of the previous target which was set at 5% by 2025. This was combined with the announcement of a $213 million investment in the financing of renewable natural gas production and distribution projects, which are important indications of the scale of the Qu\u00e9bec RNG market over the next few years.<\/p>\n

This builds on the government\u2019s previously announced support on July 3, 2020, through its organic material management plan to recycle or recover 70% of organic waste in the province by 2030. At that time, the province had earmarked $1.2 billion in funding to build out organic matter collection services and processing facilities. Concurrently, the funding for the PTMOBC (Programme de traitement des mati\u00e8res organiques par biom\u00e9thanisation et compostage) program also increased by $308 million, and focuses on the treatment of organic materials by biomethanization (renewable natural gas production) and composting.<\/p>\n

Xebec, whose head office and main manufacturing facility are located on the North Shore of Montr\u00e9al, is expected to take advantage of these growing opportunities within Qu\u00e9bec.<\/p>\n

\n Globally <\/strong>
\n proven<\/strong>
\n technolog<\/strong>
\n y<\/strong>
\n that is<\/strong>
\n ready to serve <\/strong>
\n Qu\u00e9bec<\/strong>
\n projects<\/strong>
\n
Xebec has worldwide experience in deploying over 315 renewable natural gas and hydrogen purification installations. By leveraging over two decades worth of know-how and proprietary technology, Xebec has differentiated itself from the competition by providing high reliability and productivity, resulting in significant savings in capital and operating expenses.<\/p>\n

In addition, Xebec has recently launched BGX Biostream\u2122, an innovative, small-scale, scalable, containerized and automated solution for RNG. Targeted towards dairy farmers, the BGX Biostream\u2122 is an ideal solution for smaller farm based RNG projects as it consumes less energy than the competition, leading to greater project profitability.<\/p>\n

\n Green h<\/strong>
\n ydrogen has a promising future<\/strong>
\n in Qu\u00e9bec<\/strong>
\n
Thanks to the availability of major sources of renewable energy, Qu\u00e9bec has the potential to be a leading player in the world for the production of green hydrogen. The clear indicators established in the government\u2019s plan will promote the continuation of our research and development work in order to finalize local solutions in this sector.<\/p>\n

Furthermore, in order to promote innovation, the province has also allocated $47.9 million in funding for hydrogen and bioenergy (biodiesel, ethanol, RNG) research and development.<\/p>\n

“Thanks to our local talent, Xebec has developed world leading renewable natural gas and hydrogen technologies that are sold around the world. We are very pleased to see the government’s confidence in the potential of both RNG and green hydrogen in Qu\u00e9bec. Our strong presence in the province will allow us to offer a local, reliable and economical solutions to organizations that will develop projects in these sectors. We are ready to take up the challenge and contribute to job creation and enrich our local economy, while transitioning the world to a clean energy future,” said Kurt Sorschak, Chairman, CEO and President of Xebec Adsorption Inc.<\/p>\n

\n Media <\/strong>
\n inquiries<\/strong>
\n :<\/strong>
\n
Public Strat\u00e9gies et Conseils for Xebec
Victor Henriquez, Senior Partner
victor@publicsc.com<\/a>
+514-377-1102<\/p>\n

\n Investor relations:<\/strong>
\n
Xebec Adsorption Inc.
Brandon Chow, Investor Relations Manager
bchow@xebecinc.com<\/a>
+450 979 8700 ext 5762<\/p>\n

\n About Xebec Adsorption Inc.<\/strong>
\n
Xebec is a global provider of gas generation, purification and filtration solutions for the industrial, energy and renewables marketplace. Well-positioned in the energy transition space with proprietary technologies that transform raw gases into clean sources of renewable energy, Xebec\u2019s 1500+ customers range from small to multi-national corporations, governments and municipalities looking to reduce their carbon footprints. Headquartered in Montreal, Quebec, Canada, Xebec has several Sales and Support offices in North America and Europe, as well as two manufacturing facilities in Montr\u00e9al and Shanghai. Xebec trades on the TSX Venture Exchange under the symbol XBC. For more information, www.xebecinc.com<\/a>.<\/p>\n

\n
\n Cautionary Statem<\/em>
\n <\/strong>
\n
\n ent <\/em>
\n <\/strong>
\n
\n Neither TSX Venture Exchange nor its Regulation Services Provider (as that term is defined in the policies of the TSX Venture Exchange) accepts responsibility for the adequacy or accuracy of this release. This news release contains forward-looking statements and forward-looking information (together, \u201cforward-looking statements\u201d) within the meaning of applicable securities laws. All statements, other than statements of historical facts, are forward-looking statements, and subject to risks and uncertainties. Generally, forward-looking statements can be identified by the use of terminology such as \u201cplans\u201d, \u201cseeks\u201d, \u201cexpects\u201d, \u201cestimates\u201d, \u201cintends\u201d, \u201canticipates\u201d, \u201cbelieves\u201d, \u201ccould\u201d, \u201cmight\u201d, \u201clikely\u201d or variations of such words, or statements that certain actions, events or results \u201cmay\u201d, \u201cwill\u201d, \u201ccould\u201d, \u201cwould\u201d, \u201cmight\u201d, \u201cwill be taken\u201d, \u201coccur\u201d, \u201cbe achieved\u201d or other similar expressions. Forward-looking statements, including statements concerning future capital expenditures, revenues, expenses, earnings, economic performance, indebtedness, financial condition, losses and future prospects as well as the expectations of management of Xebec with respect to information regarding the business and the expansion and growth of Xebec operations, involve risks, uncertainties and other factors that could cause actual results, performance, prospects and opportunities to differ materially from those expressed or implied by such forward-looking statements. Forward-looking statements are subject to business and economic factors and uncertainties, and other factors that could cause actual results to differ materially from these forward-looking statements, including the relevant assumptions and risks factors set out in Xebec’s public documents, including in the most recent annual management discussion and analysis and annual information form, filed on SEDAR at www.sedar.com. Furthermore, should one or more of the risks, uncertainties or other factors materialize, or should underlying assumptions prove incorrect, actual results may vary materially from those described in forward-looking statements or information. These risks, uncertainties and other factors include, among others, the uncertain and unpredictable condition of global economy, notably as a consequence of the <\/em>
\n COVID<\/em>
\n -19 pandemic, Xebec\u2019s capacity to generate revenue growth, <\/em>
\n the availability to Xebec of financing and credit alternatives and access to capital, <\/em>
\n Xebec\u2019s capacity to <\/em>
\n meet all its other commitments and business plans, Xebec\u2019s <\/em>
\n limited number of customers, the potential loss of key employees, changes in the use of proceeds relating to the loan, share price volatility, and other factors. Although Xebec believes that the assumptions and factors used in preparing the forward-looking statements are reasonable, undue reliance should not be placed on these statements, which only apply as of the date of this news release, and no assurance can be given that such events will occur in the disclosed times frames or at all. Except where required by applicable law, Xebec disclaims any intention or obligation to update or revise any forward-looking statement, whether as a result of new information, future events or otherwise.<\/em>\n <\/p>\n

\n
\n
\n \n <\/div>\n

<\/div>\n","protected":false},"excerpt":{"rendered":"

– The Qu \u00e9 bec company is well positioned to provide local solutions for renewable natural gas and hydrogen projects in Qu \u00e9 bec – MONTR\u00c9AL, Nov. 18, 2020 (GLOBE NEWSWIRE) — Xebec Adsorption Inc. (TSXV: XBC) (\u201cXebec\u201d), a global provider of clean energy solutions, is pleased with the importance given to the development of renewable natural gas and hydrogen in Qu\u00e9bec, following the unveiling of the Qu\u00e9bec government’s plan on November 16, 2020 for a green economy, and the major investments announced in these sectors. Qu\u00e9bec\u2019s r enewable natural gas target has doubled to 10% by 2030 Within the plan, a minimum of 10% renewable natural gas (RNG) content in the pipeline is targeted by 2030, a doubling of … <\/p>\n

Continue reading “Xebec Applauds Qu\u00e9bec\u2019s Plan for a Green Economy”<\/span><\/a><\/p>\n","protected":false},"author":2,"featured_media":0,"comment_status":"closed","ping_status":"closed","sticky":false,"template":"","format":"standard","meta":{"footnotes":""},"categories":[],"tags":[],"class_list":["post-383830","post","type-post","status-publish","format-standard","hentry"],"yoast_head":"\nXebec Applauds Qu\u00e9bec\u2019s Plan for a Green Economy - Market Newsdesk<\/title>\n<meta name=\"robots\" content=\"index, follow, max-snippet:-1, max-image-preview:large, max-video-preview:-1\" \/>\n<link rel=\"canonical\" href=\"https:\/\/www.marketnewsdesk.com\/index.php\/xebec-applauds-quebecs-plan-for-a-green-economy\/\" \/>\n<meta property=\"og:locale\" content=\"en_US\" \/>\n<meta property=\"og:type\" content=\"article\" \/>\n<meta property=\"og:title\" content=\"Xebec Applauds Qu\u00e9bec\u2019s Plan for a Green Economy - Market Newsdesk\" \/>\n<meta property=\"og:description\" content=\"– The Qu \u00e9 bec company is well positioned to provide local solutions for renewable natural gas and hydrogen projects in Qu \u00e9 bec – MONTR\u00c9AL, Nov. 18, 2020 (GLOBE NEWSWIRE) — Xebec Adsorption Inc. (TSXV: XBC) (\u201cXebec\u201d), a global provider of clean energy solutions, is pleased with the importance given to the development of renewable natural gas and hydrogen in Qu\u00e9bec, following the unveiling of the Qu\u00e9bec government’s plan on November 16, 2020 for a green economy, and the major investments announced in these sectors. 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(TSXV: XBC) (\u201cXebec\u201d), a global provider of clean energy solutions, is pleased with the importance given to the development of renewable natural gas and hydrogen in Qu\u00e9bec, following the unveiling of the Qu\u00e9bec government’s plan on November 16, 2020 for a green economy, and the major investments announced in these sectors. Qu\u00e9bec\u2019s r enewable natural gas target has doubled to 10% by 2030 Within the plan, a minimum of 10% renewable natural gas (RNG) content in the pipeline is targeted by 2030, a doubling of … Continue reading \"Xebec Applauds Qu\u00e9bec\u2019s Plan for a Green Economy\"","og_url":"https:\/\/www.marketnewsdesk.com\/index.php\/xebec-applauds-quebecs-plan-for-a-green-economy\/","og_site_name":"Market Newsdesk","article_published_time":"2020-11-18T13:03:14+00:00","og_image":[{"url":"https:\/\/www.globenewswire.com\/newsroom\/ti?nf=ODA4ODE4MCMzODMyOTYyIzIxNDY2OTI=","type":"","width":"","height":""}],"author":"Newsdesk","twitter_card":"summary_large_image","twitter_misc":{"Written by":"Newsdesk","Est. reading time":"6 minutes"},"schema":{"@context":"https:\/\/schema.org","@graph":[{"@type":"Article","@id":"https:\/\/www.marketnewsdesk.com\/index.php\/xebec-applauds-quebecs-plan-for-a-green-economy\/#article","isPartOf":{"@id":"https:\/\/www.marketnewsdesk.com\/index.php\/xebec-applauds-quebecs-plan-for-a-green-economy\/"},"author":{"name":"Newsdesk","@id":"https:\/\/www.marketnewsdesk.com\/#\/schema\/person\/482f27a394d4fda80ecb5499e519d979"},"headline":"Xebec Applauds Qu\u00e9bec\u2019s Plan for a Green Economy","datePublished":"2020-11-18T13:03:14+00:00","mainEntityOfPage":{"@id":"https:\/\/www.marketnewsdesk.com\/index.php\/xebec-applauds-quebecs-plan-for-a-green-economy\/"},"wordCount":1185,"image":{"@id":"https:\/\/www.marketnewsdesk.com\/index.php\/xebec-applauds-quebecs-plan-for-a-green-economy\/#primaryimage"},"thumbnailUrl":"https:\/\/www.globenewswire.com\/newsroom\/ti?nf=ODA4ODE4MCMzODMyOTYyIzIxNDY2OTI=","inLanguage":"en-US"},{"@type":"WebPage","@id":"https:\/\/www.marketnewsdesk.com\/index.php\/xebec-applauds-quebecs-plan-for-a-green-economy\/","url":"https:\/\/www.marketnewsdesk.com\/index.php\/xebec-applauds-quebecs-plan-for-a-green-economy\/","name":"Xebec Applauds Qu\u00e9bec\u2019s Plan for a Green Economy - 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