Canaccord Special Situations & Sustainability Watch List
Potential contract announcement with Fortis may serve as a valuation catalyst
In March 2017, the BC government amended the Greenhouse Gas Reduction Regulation to include a renewable portfolio allowance of up to 5% RNG in the natural gas system. A current customer of Xebec, FortisBC (BC energy supplier), is working with suppliers to meet this target by 2025. FortisBC delivers ~21% of total energy consumed in BC, and Xebec management estimates FortisBC will need ~9M GJ of RNG to meet their 2025 target. Due to a ~36-month implementation period from when a contract is signed to when a biogas/landfill gas upgrading plant is running, FortisBC will need to begin announcing contract wins in the near-term in order to meet its timeline. Given Xebec’s history with FortisBC (landfill gas upgrading plant built in BC in 2013), management hopes to be awarded further RNG contracts for the FortisBC RNG requirements."
"…the company is currently in negotiation with several potential customers for landfill gas orders and aims to provide an update on development s by the end of 2018 "
“…the cost of each upgrade plant will be between US$10M to 25M …”
if XBC was projecting rev of $40M for 2019, one of these will be significant revenue boost to the company and catalyst for the stock
Je viens de publier la thèse d’investissement complète que j’ai écrite sur Xebec!
PS: C’est la première fois que je test le plug-in au bas de l’article. Si jamais il y a des petits bugs et/ou ça ne fonctionne pas, svp laissez-moi savoir. Merci!
Beaucoup d’opportunités de carrière présentement chez Xebec. https://www.jobillico.com/en/employers/xebec-adsorption-inc/view-all-jobs