Xebec Adsorption signs MOU with SCS Carbon Removal

In Canada, Xebec Adsorption Inc. 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 $100 million or 51 carbon dioxide (CO2) reciprocating compression packages to be completed by the end of Q3 2023. This equipment will be used for Summit Carbon Solutions’ proposed carbon capture and sequestration project, which will be the largest in the world if approved. The MOU is an expression of interest and there is no certainty that the negotiations will lead to a final binding order. This agreement showcases both Xebec’s expanding technology portfolio for carbon capture and sequestration, as well as the rapidly expanding customer base for Xebec’s sustainable gas technologies. 

The equipment will be manufactured at Xebec Systems USA’s (formerly UECompression, or UEC) Colorado facility. Xebec is also working closely with the customer and major suppliers to manage cash flows and supply chain risks associated with the project.