Xebec Announces MOU for CO2 Capture and Sequestration Equipment

Xebec Adsorption (TSX: XBC), a global provider of sustainable gas technologies, announces that it has signed a Memorandum of Understanding with Iowa-based SCS Carbon Removal LLC, a subsidiary of Summit Carbon Solutions. The MOU supports the negotiation of an order in excess of USD$100 million (CAD$126 million) for 51 carbon dioxide (CO2) reciprocating compression packages to be completed by the end of Q3 2023.

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The MOU is an expression of interest, and there is no certainty that the negotiations will lead to a final, binding order.

The equipment will be manufactured at Xebec Systems USA’s (formerly UECompression, or UEC) Colorado facility.

Xebec’s compression equipment is typically needed to process sustainable gases to achieve desired operating parameters. For example, Xebec’s compression equipment has been deployed in landfills, at dairy farms for virtual RNG transport, hydrogen production and processing, refueling stations, on-site hydrogen supply, and other industrial gas applications.

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