Coregas and Xebec Enter Partnership to Advance Development of Hydrogen Ecosystems

Coregas, the largest Australian-owned gases company, has announced today it has signed a Memorandum of Understanding (MOU) with Xebec Adsorption Inc. (TSX: XBC) (“Xebec”), a global provider of clean energy solutions, to collaborate on the deployment of hydrogen technologies for the burgeoning hydrogen economy across Australia and New Zealand.

A Wesfarmers company (ASX:WEX), Coregas is a leader in industrial gases with a 40-year history in the generation and distribution of speciality gases, including operating Australia’s largest merchant hydrogen plant supplying customers across sectors. Coregas is actively forwarding the pursuit of hydrogen as an energy source participating in projects aimed at accelerating the energy transition.

The partnership with Xebec’s wholly owned subsidiary, HyGear will see Coregas build upon its strong hydrogen credentials through the deployment of industry leading technology for on-site gas generation. With HyGear’s product portfolio encompassing both electrolysis and steam methane reformer technologies, Coregas and HyGear will leverage their respective expertise to develop and deploy flexible solutions to unlock the potential of hydrogen for the Australian market.

Coregas foresees the development of the hydrogen ecosystem will require both large scale centralised supply and small on-site production. The agreement with Xebec will enable Coregas to extend its hydrogen offering to flexible on-site hydrogen supply options complementing its current footprint of production and storage facilities with a broader hydrogen distribution model tailored to customer requirements.

Coregas Executive General Manager, Alan Watkins said: “Coregas is delighted to enter into this partnership with Xebec to collaborate on real solutions that drive the development of hydrogen ecosystems for Australians. We look forward to bringing our respective expertise and technologies together to deliver viable solutions for customers operating across the hydrogen value chain.”

Xebec President of Global Hydrogen Group, Marinus van Driel stated: “We are excited to be working with Coregas to develop the decentralised hydrogen supply chain in Australia and New Zealand. The hydrogen economy is accelerating around the world and this partnership will enable the increased adoption of lower cost and lower carbon hydrogen. We look forward to supporting Coregas’ customers in their emerging need for distributed hydrogen generation in transport, industry and commercial markets.”

This announcement builds upon Coregas’ commitment to develop the Australian hydrogen sector with the company increasingly active in projects that advance the clean hydrogen economy, including its participation in the Hydrogen Energy Supply Chain project, and assistance for the hydrogen fuel needs of automotive companies, such as Hyundai Australia.

Coregas is also supporting the development of the Australian biogas sector which presents significant promise for the country’s decarbonisation journey, including as a pathway towards low emission hydrogen generated through the steam methane reforming process.

Media Inquiries:
Public relations for Coregas
Jenia Aneja, National Marketing Manager
jenia.aneja@coregas.com
+61 437 191 408

Public Relations for Xebec
Victor Henriquez, Senior Partner
victor@publicsc.com
+1 514.377.1102

About Coregas Pty Ltd
As a Wesfarmers company, Coregas is the only Australian-owned gases company. Coregas services a wide range of industries and has a wealth of industrial gas experience and knowledge spanning over 40 years. The company manufactures gases locally and distributes throughout Australia and New Zealand via a network of branches and third parties. Products include industrial gases, medical gases and specialty gases in quantities ranging from single cylinders to bulk liquid tanks. Coregas is a leading producer of hydrogen, with distribution from its Port Kembla facility to customers across Australia, including supply partnerships with projects in the burgeoning hydrogen economy. For more information, coregas.com.

About Xebec Adsorption Inc.
Xebec is a global provider of clean energy solutions for renewable and low carbon gases used in energy, mobility and industry applications. The company specializes in deploying a portfolio of proprietary technologies for the distributed production of hydrogen, renewable natural gas, oxygen and nitrogen. By focusing on environmentally responsible gas generation, Xebec has helped thousands of customers around the world reduce their carbon footprints and operating costs. Headquartered in Québec, Canada, Xebec has a worldwide presence with five manufacturing facilities, eight Cleantech Service Centers and four sales offices spanning over four continents. Xebec trades on the Toronto Stock Exchange under the symbol (TSX: XBC). For more information, xebecinc.com.