The Arnhem-based HyGear (a subsidiary of Xebec Adsorption), a provider of bioenergy technology portfolios, has been acquired by HoSt Group to improve and broaden its hydrogen technology-based renewable gas portfolio.
To produce hydrogen for usage in the glass, semiconductor, food, beverage, and transportation industries, HyGear developed modular steam methane reforming (SMR) technology and electrolysis.
With the acquisition of HyGear in 2020, Xebec Adsorption Inc., a global provider of renewable energy solutions with its corporate headquarters in Canada, continued its mission to create a dependable and approachable source of green hydrogen.
According to the companies, their collaboration with HoSt fosters technological, expert, and innovative synergy. With more than 50 project references worldwide, HoSt claims to be one of the few companies with a proven track record in hydrogen generation.
The current bondholders will also receive depositary receipts for shares of HyGear as well as a stake in HoSt.
As a full-service technology supplier, HoSt will be able to provide a comprehensive and competitive solution for various renewable gas technologies, enabling HyGear to go to the next stage of its expansion.
“The merging of these enterprises leads to a bundling of our own, complementary energy technology sources, which encourage decarbonization and energy transition,” says Jelle Klein Teeselink, CEO of the HoSt Group.
It offers a solid foundation of knowledge, support, and guidance for the crucial acceleration of the production and use of sustainable gases and hydrogen in many sectors and regions. Through its Singapore location, it also gives us a substantial presence in Asia, continues Teeselink.
The portfolio of HoSt includes clean energy technologies for distributed production of renewable gas, renewable heat, and renewable energy that is both carbon-neutral and carbon-negative. In addition, it provides carbon capture technology, which works well with HyGear’s SMR technology.
Organic waste can be digested anaerobically to produce biogas, which can be processed to create renewable hydrogen with a carbon-negative carbon footprint.
A low-CO2 energy system and an economy are supported by the hydrogen revolution and sustainable gases, which reduce the use of fossil fuels with significant emissions.
HoSt Group was founded in 1991 as a joint venture between two energy system providers, Holec Projects and Stork. For turning trash into sustainable energy and usable byproducts, HoSt has grown into a market leader in the bioenergy industry.
“We create, build, and maintain bioenergy systems that generate sustainable energy and valuable byproducts from residual streams, driving the biggest issue of our generation: the energy transition,” the company claims.
The company asserts to have built over 400 bioenergy systems across more than 30 nations, the oldest of which have been in operation for almost 20 years.
Image Credit: HoSt Group
