Synthesis Energy Systems, Inc. (SYMX) Engineer Study Will Devise Optimal Integration of Coal Gasification Technology

Synthesis Energy Systems, the coal and biomass conversion experts pioneering the forefront of a vast new territory opened up by the revolutionary U-GAS® gasification process developed via more than four decades of joint effort between DOE and the GTI (Gas Technology Institute), announced a key technology integration agreement today with an undisclosed, leading global tech provider. Due to extant confidentiality agreements surrounding this strategic move, the company is unable to disclose further details about said provider.

SYMX will be working to define a product that bridges the gap between the provider’s globally deployed process and the company’s own robust gasification technology, which has shown an exceptional capacity for handling a wide range of feedstocks. Backing the play by Synthesis Energy Systems will be top global logistics powerhouse, Fluor Corp. subsidiary, Fluor Enterprises, Inc., whose experience in providing construction, engineering, procurement, and maintenance to major companies across the globe will serve SYMX shareholders well. Fluor has played a key role in executing development on a majority of the gas-to-liquid facilities in operation today.

This remarkable announcement is a clear sign to the industry and could lead to a deployable JV architecture that would be a first industry-wide. A burgeoning new landscape thus opens before SYMX and management is moving rapidly to build up momentum for what is seen as a primary growth vector for the company’s gasification tech. The broad-spectrum input capability that the SYMX technology will bring to operations through such integration means that the provider will be able to utilize cheap, low-quality coal in an environmentally sound manner.

The company will spearhead an engineering study to define an optimized integration methodology for bridging the gap between both sophisticated technology end points (slated for about an eight-month window), and the results should indeed create a powerful new pipeline/workflow with huge, industry-shaking upside. The improved cost and efficiency targets this solution could hit are jaw dropping to say the least and this crucial study will be immediately followed up by the necessary plant integration estimates on how much it will cost to get a basic engineering package in and functional.

President and CEO of SYMX, Robert Rigdon, expressed the eagerness with which everyone at the company is greeting this huge opportunity to capture a “key component” of their overall vertical growth strategy, citing how remarkable the farm-out potential for this integration of complementary industrial technologies would be. The coalescence of in-house gasification expertise, a strong IP portfolio, and the company’s unique operational/maintenance experience will no doubt finely shape the final product of this study.

The study has all the potential to become a solid foundation for constructing a massive JV business for SYMX, a business which could completely transform the rapidly expanding space itself, as operators flock to a syngas coal hybridization solution. Rigdon pledged to redouble efforts at SYMX to harness the maximum potential of this opportunity for shareholders, and it is encouraging to see such a bold forward move in domestic coal utilization.

The effectiveness of U-GAS for gasifying abundant domestic coal reserves, especially when compared to competing technologies, is profound. Investors are encouraged to check out the technology and get a closer look at the potential business developing here for SYMX as a tech integrator/provider to operators struggling to keep up with an energy-hungry world.

For more information on Synthesis Energy Systems, visit www.SynthesisEnergy.com

About MissionIR 

MissionIR is committed to connecting the investment community with companies that have great potential and a strong dedication to building shareholder value. We know our reputation is based on the integrity of our clients and go to great lengths to ensure the companies represented adhere to sound business practices.

Sign up for “The Mission Report” at www.MissionIR.com

Please see disclaimer on the MissionIR website http://www.missionir.com/disclaimer.html