SES, Hai Hua Waste Coal-to-Methanol Gasification Plant Achieves Substantial Completion
Plant Construction Moves to Commissioning and Operating Phase for Q407 Project Completion
SOURCE: Synthesis Energy Systems
Oct 09, 2007 11:53 ET
marketwire.com
HOUSTON, TX--(Marketwire - October 9, 2007) - Synthesis Energy Systems, Inc. ("SES" or the "Company") (OTC: SYMX) announced that SES (Zaozhuang) New Gas Company, Ltd., its joint venture with Shandong Hai Hua Coal & Chemical Company Ltd. ("Hai Hua"), achieved substantial completion on its 28,000 normal cubic meters per hour of synthesis gas ("syngas") coal gasification facility in Shandong Province, China.
David Nicoll, Senior Vice President Engineering of SES, stated, "This marks a significant milestone in the development of our first U-GAS® gasification facility in China. Despite an abnormally wet summer in China, we were able to meet this challenging project deadline on time. With substantial completion behind us, we have now begun commissioning process units and heating the gasification blocks in preparation of producing commercial syngas at this facility which, when completed, will be the only commercial scale gasification plant of its kind in operation."
Added Donald Bunnell, President and CEO of SES - Asia Pacific, "Like our other two coal-to-chemical projects now underway in China and in various stages of development, we believe that this project will utilize China's abundant, low value coal reserves to help meet a growing need for clean, affordable non-petroleum based fuels and chemicals to fuel a growing economy."
This plant will use SES' licensed U-GAS® technology to convert low-cost waste coal into syngas. Hai Hua, an independent producer of metallurgical coke, coal gas and methanol, will use the syngas produced from the coal gasification facility in its 100,000 tonne per year methanol plant, as fuel in its coke ovens and for its on-site power generation facility. This project continues to target initial syngas sales to Hai Hua in the fourth quarter of 2007. Future expansion plans would increase capacity to accommodate a planned increase in methanol production by Hai Hua, and to meet other gas and chemical demands.
About Synthesis Energy Systems
Synthesis Energy Systems, Inc. is an energy and technology company that deploys proprietary systems and technology to gasify low value fuels to replace high cost energy and chemical products sold to major global markets. The U-GAS® technology, which the Company licenses from the Gas Technology Institute, is designed to turn high-ash coals and waste coal products into high value synthesis gas for use in power and chemical applications. The technology gasifies coal without many of the harmful emissions associated with coal combustion plants. SES currently has offices in Houston, Texas, Shanghai and Beijing, China. For more information on SES, visit www.synthesisenergy.com or call (713) 579-0600.
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