This account is pending registration confirmation. Please click on the link within the confirmation email previously sent you to complete registration.
Need a new registration confirmation email? Click here
TheStreet Open House

Synthesis Energy Systems Highlights Yima Joint Venture Project At 2012 Gasification Technologies Conference

Stock quotes in this article: SYMX





WASHINGTON, Oct. 29, 2012 /PRNewswire/ -- Synthesis Energy Systems, Inc. (NASDAQ: SYMX) ("SES") is presenting today, here at the Gasification Technologies Conference (Wardman Park Marriott, booth #3), the significant accomplishments it has made in designing and constructing the Company's flagship Yima Joint Venture project in Henan Province, China. The presentation highlights the significant progress it has made in commercializing its technology both in China and other parts of the world.

William E. Preston, senior vice president, global business development and licensing, SES, will present the Yima project update on behalf of the Company during the conference session "Global Gasification Projects & Technology Update."

The Yima Joint Venture project, currently in commissioning, is nearing the completion of construction and preparing for first methanol production. The $250 million coal-to-methanol facility is the first phase of a planned $4 billion coal chemical complex. The joint venture was initiated in September 2009 upon completion of financing and commercial agreements which paved the way for implementation of the Company's technology in this important industrial park.  The plant is designed to produce 300,000 tonnes per year of chemical grade methanol for China's large and growing chemical market.

Yima Coal Industry (Group) Co. Ltd. ("Yima") is a state-owned enterprise in China and an important partner of the Company.  Yima is a large, integrated coal company with extensive interests in coal mining, power generation, cement, alumina and coal to chemicals. SES' technology allows companies like Yima to efficiently monetize lower quality coal and coal waste resources for the production of valuable energy and chemicals such as methanol.

"The Yima project is a significant accomplishment for the company in terms of delivering financial results, demonstrating technology performance and enabling the commercialization and adoption of our technology on a global basis," said Robert Rigdon, president and CEO, SES.  "We are proud to highlight this achievement at the Gasification Technologies Conference, which is an important gathering of the world's leading industry players in the gasification space."

SES' Advanced Gasification Technology

SES has a unique commercially available gasification technology proven to economically process the lowest quality coal feed stocks, which represent approximately 50 percent of total recoverable global coal reserves. The company has developed significant intellectual property protecting its advanced fluidized bed gasification technology. Its primary advantages, relative to other gasification technologies, are greater fuel flexibility provided by the ability to use all types of coal (including low rank, high ash and high moisture coals, which are significantly cheaper than higher grade coals) and coal waste products and biomass feed stocks. The technology converts coal into synthesis gas (syngas) in a cost effective and environmentally friendly manner. It has low water and electricity usage and does not produce any harmful byproducts.

1 of 3

Select the service that is right for you!

COMPARE ALL SERVICES
Action Alerts PLUS
Try it NOW

Jim Cramer and Stephanie Link actively manage a real portfolio and reveal their money management tactics while giving advanced notice before every trade.

Product Features:
  • $2.5+ million portfolio
  • Large-cap and dividend focus
  • Intraday trade alerts from Cramer
  • Weekly roundups
TheStreet Quant Ratings
Try it NOW
Only $49.95/yr

Access the tool that DOMINATES the Russell 2000 and the S&P 500.

Product Features:
  • Buy, hold, or sell recommendations for over 4,300 stocks
  • Unlimited research reports on your favorite stocks
  • A custom stock screener
  • Upgrade/downgrade alerts
Stocks Under $10
Try it NOW

David Peltier, uncovers low dollar stocks with extraordinary upside potential that are flying under Wall Street's radar.

Product Features:
  • Model portfolio
  • Stocks trading below $10
  • Intraday trade alerts
  • Weekly roundups
Dividend Stock Advisor
Try it NOW

Jim Cramer's protege, David Peltier, identifies the best of breed dividend stocks that will pay a reliable AND significant income stream.

Product Features:
  • Diversified model portfolio of dividend stocks
  • Alerts when market news affect the portfolio
  • Bi-weekly updates with exact steps to take - BUY, HOLD, SELL
Real Money Pro
Try it NOW

All of Real Money, plus 15 more of Wall Street's sharpest minds delivering actionable trading ideas, a comprehensive look at the market, and fundamental and technical analysis.

Product Features:
  • Real Money + Doug Kass Plus 15 more Wall Street Pros
  • Intraday commentary & news
  • Ultra-actionable trading ideas
Options Profits
Try it NOW

Our options trading pros provide daily market commentary and over 100 monthly option trading ideas and strategies to help you become a well-seasoned trader.

Product Features:
  • 100+ monthly options trading ideas
  • Actionable options commentary & news
  • Real-time trading community
  • Options TV
To begin commenting right away, you can log in below using your Disqus, Facebook, Twitter, OpenID or Yahoo login credentials. Alternatively, you can post a comment as a "guest" just by entering an email address. Your use of the commenting tool is subject to multiple terms of service/use and privacy policies - see here for more details.
Submit an article to us!
DOW 16,898.57 -144.33 -0.85%
S&P 500 1,957.12 -15.17 -0.77%
NASDAQ 4,447.4270 -45.9630 -1.02%

Brokerage Partners

Rates from Bankrate.com

  • Mortgage
  • Credit Cards
  • Auto

Free Newsletters from TheStreet

My Subscriptions:

After the Bell

Before the Bell

Booyah! Newsletter

Midday Bell

TheStreet Top 10 Stories

Winners & Losers

Register for Newsletters
Top Rated Stocks Top Rated Funds Top Rated ETFs