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Synthesis Energy Systems' Yima Joint Venture Plant Advances Toward Full-scale Operation And Methanol Production

Stocks in this article: SYMX

HOUSTON, Feb. 5, 2013 /PRNewswire/ -- Synthesis Energy Systems, Inc. (Nasdaq: SYMX) ("SES") today announced the achievement of important steps toward finalizing the commissioning of the remaining equipment systems at the Yima Joint Venture project in Henan Province, China. As previously reported, the Yima JV plant contains three SES gasification systems installed, and the first gasification system in operation was used to produce the initial methanol from the plant in December.

The latest accomplishments include operating a SES gasification system for an extended run, operating a second SES gasification system for the first time, and operating the two gasification systems simultaneously. Additionally, during 23 days of operation, the SES gasification system was operated at higher pressures, achieving 80 percent of design pressure and with the production of syngas increased to 60 percent of design capacity. During this operating period, raw methanol product was generated at the plant. The Yima JV continues to complete all of the remaining required commissioning steps and increasing the production of methanol as planned for the plant to become fully operational.

"The Yima JV plant is progressing as expected. We are pleased to see the plant operating at higher pressures and throughput, and to see the first simultaneous operation of two of the three gasification systems, since our JV project is designed to produce 300,000 tonnes per year of methanol from two operating gasifiers. This project is an important validation of our technology design and scale-up capability. Successful operating achievements such as these are moving the Yima JV much closer to full scale, steady-state operation and methanol production, which is expected to be between now and early summer," said Robert Rigdon, president and CEO of SES.

Mr. Rigdon continued, "Our technology is unique with its low cost feedstock capability, lower capital and operating cost, lower water usage and cleaner, more efficient operation.  We believe that the continued successes we are achieving at Yima could be a catalyst for some of our prospective customers to move forward with their projects based on our technology."

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