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Synthesis Energy Systems, Inc. (SYMX) Tests Of Turkish Lignite Coals A Success, Syngas Plants Planned

|Includes: Synthesis Energy Systems, Inc. (SES)

Synthesis Energy Systems, whose proprietary U-GASĀ® clean energy (fluidized bed gasification) technology, equipment, and engineering services have rapidly gained acclaim in the energy sector for helping turn low-cost feedstock/biomass into energy and chemical products, reported positive lab-scale output data today, with the completion of testing on three Turkish lignite coal targets earmarked for clean coal power generation projects.

Under development by one of Turkey's largest independent power project (IPP) developers, Tuten Ltd., the clean coal infrastructure development is being sponsored by a major Turkish utility company intent on modernizing their production footprint. Also part of the project will be Slovakian EPC firm (engineering, procurement, and constriction), Istroenergo Group.

The testing was performed by SYMX at the Des Plaines, Illinois, laboratories of Gas Technology Institute (from whom the company licenses U-GAS), showing 96 to 99.5% single-pass carbon conversions rates on each of the coals.

This is superb news for the project development team, which has devised an ingenious conceptual-level design to provide 50 to 100 MW generation modules based on the cheap, abundant lignite coal. The genius of the design stems from a powerful integration of the gasification technology with a General Electric LM2500+G4 aeroderivative gas turbine.

The amazing diversity, industrial-quality robustness, and general availability provided by GE's LM2500+G4 turbine is ideal for this sort of syngas application and the SYMX technology is at the heart of the development team's solution. With viability data in hand, the company is all the more eager to move the project forward, encouraged by a team assembled of some of the top players in the region/sector.

Founding partner of Turkish IPP giant Tuten, Tarik Tuten, hailed the successful testing as a clear sign that advancement to the next stage of the project for Tuten's utility customer in Turkey will be seen by the sponsor/stakeholders as something in which they can easily place their confidence. Tuten brings a mountain of expertise developing gas-fired IPPs in the 120 to 1200 MW range to the clean coal space and with turn-key versatility experts Istroenergo also on board, it's no wonder the development team (and their solution) is already drawing accolades.

President and CEO of Aeroderivative Gas Turbines for GE Power & Water, Darryl Wilson, was very pleased to see this perfect use of the LM2500+G4 turbine, for completing the syngas loop from low grade lignite coal, tipping his hat to this winning solution the team has devised.

It's huge news for SYMX really and the sector as well; after all, such low grade coal like this Turkish lignite is abundant all over the planet, affording generally low recovery costs as well. There is a massive market for such solutions and the underlying dynamics are exceptionally attractive, from lowering dependency on imported energy sources, to better overall domestic resource utilization, and the squeaky clean environmental profile is hard to beat.

South Africa and Turkey are perfect markets for the kinds of solutions being put together by the team around GE technology and the incredible advancements made possible by SYMX's U-GAS technology are still just the first steps of a better, cleaner, and more efficient energy future. Because the U-GAS technology has a maximum fuel window, able to process all ranks of coal, including coal waste and biomass/feedstock, and is engineered for smaller scale applications, the technology can roll out very fast. Rapid development of such critical infrastructure in developing markets around underutilized, available resources is a recipe for serious revenue momentum.

To get more information about Synthesis Energy Systems' technology, or the developments in Turkey, head on over to the company's website at: www.SynthesisEnergy.com

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