- Xebec subsidiary HyGear has signed a 10-year hydrogen recycling Gas-as-a-Service contract with one of the world’s largest glass manufacturers
- The pay-per-use contract is valued at approximately $1.6 million in total revenues over the 10-year agreement
- HyGear has identified over 400 glass manufacturing facilities worldwide that could benefit from on-site or local hydrogen generation
- Xebec is a global provider of clean energy solutions for renewable and low carbon gases used in energy, mobility and industrial applications
- Xebec Adsorption (XBC) opened trading at C$4.60 per share
Xebec Adsorption’s (XBC) wholly-owned subsidiary HyGear, has signed a 10-year hydrogen recycling Gas-as-a-Service contract.
The pay-per-use contract with one of the world’s largest glass manufacturers is valued at approximately $1.6 million in total revenues over the 10-year agreement. The agreement was signed after successfully validating the quality of gas over several tests at two flat-glass manufacturing facilities in Germany.
“It was a great opportunity to partner with an established glass manufacturer to develop this system and demonstrate that our hydrogen recycling technology can contribute to the circular economy. This long-term contract demonstrates their confidence in our ability to create value in monetary terms and reduce the environmental impact, which is key to environmentally responsible companies,” said Marinus van Driel, President of Xebec Europe.
On February 2, 2021, HyGear signed a similar agreement valued at approximately $1.2 million in total revenues with Obeikan Glass Company, the largest float, coated, and laminated glass manufacturer in the Middle East. Delivery of this unit is expected to occur later this year.
HyGear expects to accelerate the uptake of its generation and recovery products within the glass industry. The company has identified over 400 glass manufacturing facilities worldwide that could benefit from on-site or local hydrogen generation and now, hydrogen recycling systems to further reduce costs and emissions.
Hydrogen and nitrogen gas mixtures are used in float glass production to create a protective atmosphere to prevent oxidation. These gases are injected into a tin bath where liquid glass is floated on molten tin. The most common practice of these production facilities is to vent the used mixed gases into the atmosphere.
HyGear’s gas recovery system was developed to recover used gases, clean them to a production-grade standard and feed them back into the manufacturing process. This approach reduces costs and improves the product quality due to the increased atmosphere refreshment rate.
In addition, it reduces the environmental impact of the process by preventing the venting of particulate matter back into the atmosphere.
Xebec Adsorption Inc designs, engineers, and manufactures products that are used for purification, separation, dehydration, and filtration equipment for gases and compressed air.
Xebec Adsorption Inc. (XBC) opened trading at C$4.60 per share.