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Synthesis Energy Systems, Inc. (SYMX) Begins Commissioning At The Yima Coal To Methanol Conversion Plant In China

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

Synthesis Energy Systems, which is focused on providing the logistics required to implement their U-GAS® fluidized bed gasification technology (licensed from the Gas Technology Institute) for low-grade coals and biomass feedstocks, reported today that, as a majority of the syngas production facility systems approach mechanical completion at the coal to methanol Yima Joint Venture project in Henan Province, China, the project has officially entered the commissioning phase.

President and CEO of SYMX, Robert Rigdon, hailed the rapidly approaching startup of the Yima facility as a strong indicator that the company's China strategy, which also includes the similarly successful Hongye and ZhongMo strategic investments, is progressing nicely. Rigdon pointed to the Yima facility as a real milestone on the company's road toward growth targets set for China's vast coal, energy, and chemical industries.

The ability of the SYMX technology to transform low-grade coals, even the dirt-cheap high ash and moisture coals, into energy, via a technology which is easily scaled down such that plant construction can occur in close proximity to fuel sources like a coal mine, quickly and without typical massive capital outlays, has rapidly propelled U-GAS (which has seen over four decades in development time) to prominence in the eyes of industry operators. Investors are also turning a sharp eye on the company, as rapidly proliferating adoption of this technology begins to transform the global energy and chemical markets.

The first gasifier is expected to go online by September and many of the ancillary support systems, like the coal handling and feeding systems, as well as the steam/oxygen processors, are now mechanically complete. Methanol unit system commissioning is slated to immediately follow after these other considerations have been dealt with and the plant is otherwise fully commissioned.

Senior VP and CTO for SYMX, Francis Lau, commented warmly on the vast gasification experience possessed by the company's team, including the Zao Zhuang Joint Venture operating unit and how it has allowed for gathering of key data during pre-commissioning that will allow for a speedy, successful startup of the plant. Lau expressed great confidence in the SYMX team's ability to execute flawlessly on the commissioning phase work and looked forward to eventually getting Yima up and running at capacity.

With an abundant supply of low-grade coals in China and elsewhere around the globe, the U-GAS gasification technology has major potential for becoming a permanent fixture in the energy conversion space and the company already has a strong foothold in the Chinese market. Other developers will be looking to SYMX to provide similar expertise in the execution of yet more syngas facilities as China continues to push cleaner, energy efficient tech like this across the board.

For more information on the facility, or to learn more about Synthesis Energy Systems clean energy technologies like U-GAS, please visit the company's website at: www.SynthesisEnergy.com

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