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The purpose of the four-day trade mission to
New Delhi and
Mumbai is to meet with government ministries, industrial companies and other interested parties in gasification to share information on deploying gasification on a wider scale in
India in order to help the country cleanly utilize its largest domestic natural resource, coal, to meet its growing energy needs. Participants will also be discussing
India's gasification policy framework with government stakeholders.
"With the world's fifth largest coal reserves, the majority of which is very high ash coal,
India represents a tremendous potential market for SES," said
Carrie Lalou, vice president of business development for SES, who will be representing the company on the
India trade mission. "We believe our proprietary technology is the only commercially available gasification technology to economically process the lowest quality coal feedstocks.
"SES already has a presence in
India through our exclusive marketing agreement with Simon India Ltd, a subsidiary of Zuari Global Ltd, which provides us with a valuable Indian partnership for deploying our technology in country and gives us access to Simon's EPC capabilities for engineering SES' technology there. Zuari, one of India's leading industrial companies in the fertilizer sector, made a
$5 million strategic investment in SES in
June 2011," said Mrs. Lalou.
India is also a focus of SES' new business unit formed to help deploy its technology, equipment and services for the distributed power generation market. The business unit intends to design and sell a 'fuel generation package' for producing clean syngas fuel for power generation.
"Our power business vertical is focused initially on fuel generation packages for the 50 to 100 megawatt scale plants," said Mrs. Lalou. "We see
India as an ideal market for this type of standardized and modular power package because of the need for clean power combined with plentiful Indian coal resources which fit our technology very well."
About Synthesis Energy Systems, Inc.
SES provides technology, equipment and engineering services for the conversion of low rank, low cost coal and biomass feedstocks into energy and chemical products. Its strategy is to create value through providing technology and equipment in regions where low rank coals and biomass feedstocks can be profitably converted into high value products through its proprietary U-GAS
® fluidized bed gasification technology, which SES licenses from the Gas Technology Institute. U-GAS
® gasifies coal cost effectively, without many of the harmful emissions normally associated with coal combustion plants. The primary advantages of U-GAS
® relative to other gasification technologies are (a) greater fuel flexibility provided by the ability of SES to use all ranks of coal (including low rank, high ash and high moisture coals, which are significantly cheaper than higher grade coals), many coal waste products and biomass feed stocks; and (b) the ability of SES to operate efficiently on a smaller scale, which enables the construction of plants more quickly, at a lower capital cost, and, in many cases, in closer proximity to coal sources. SES currently has offices in
Houston, Texas, and
Shanghai, China. For more information on SES, please visit
www.synthesisenergy.com or call (713) 579-0600.
SES Forward-Looking Statements
This press release includes "forward-looking statements" within the meaning of Section 27A of the Securities Act of 1933, as amended, and Section 21E of the Securities Exchange Act of 1934, as amended. All statements other than statements of historical fact are forward-looking statements. Forward-looking statements are subject to certain risks, trends and uncertainties that could cause actual results to differ materially from those projected. Among those risks, trends and uncertainties are the development stage of the operations of SES, its estimate of the sufficiency of existing capital sources, its ability to successfully develop its licensing business, its ability to raise additional capital to fund cash requirements for future investments and operations including its
China platform initiative, its ability to reduce operating costs, the limited history and viability of its technology, commodity prices and the availability and terms of financing opportunities, its results of operations in foreign countries, its ability to diversify, its ability to complete the restructuring of the ZZ joint venture, its ability to obtain the necessary approvals and permits for future projects, the estimated timetables for achieving mechanical completion and commencing commercial operations for the Yima project as well as the ability of the Yima project to produce revenues and earnings, the sufficiency of internal controls and procedures, its ability to grow its business and generate revenues and earnings as a result of its proposed
India platform initiatives as well as its joint venture with Midas Resource Partners, and its ability to develop its power business unit and marketing arrangement with GE and its other business verticals, steel and renewables. Although SES believes that in making such forward-looking statements its expectations are based upon reasonable assumptions, such statements may be influenced by factors that could cause actual outcomes and results to be materially different from those projected. SES cannot assure you that the assumptions upon which these statements are based will prove to have been correct.
SOURCE Synthesis Energy Systems, Inc.