This Day On The Street
Continue to site right-arrow
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

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

Check Out Our Best Services for Investors

Action Alerts PLUS

Portfolio Manager Jim Cramer and Director of Research Jack Mohr reveal their investment tactics while giving advanced notice before every trade.

Product Features:
  • $2.5+ million portfolio
  • Large-cap and dividend focus
  • Intraday trade alerts from Cramer
Quant Ratings

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
Stocks Under $10

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

Product Features:
  • Model portfolio
  • Stocks trading below $10
  • Intraday trade alerts
14-Days Free
Try it NOW
Only $9.95
Try it NOW
14-Days Free
Try it NOW

Check Out Our Best Services for Investors

Dividend Stock Advisor

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
  • Updates with exact steps to take - BUY, HOLD, SELL
Trifecta Stocks

Every recommendation goes through 3 layers of intense scrutiny—quantitative, fundamental and technical analysis—to maximize profit potential and minimize risk.

Product Features:
  • Model Portfolio
  • Intra Day Trade alerts
  • Access to Quant Ratings
Options Profits

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

Product Features:
  • Actionable options commentary and news
  • Real-time trading community
Try it NOW
Try it NOW
Try it NOW
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 17,712.66 +34.43 0.19%
S&P 500 2,061.02 +4.87 0.24%
NASDAQ 4,891.2190 +27.8570 0.57%

Partners Compare Online Brokers

Free Reports

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