Synthesis Energy Systems Joins Commerce Secretary Gary Locke on Business Development Trade Mission to China
HOUSTON, May 20 /PRNewswire-FirstCall/ -- Synthesis Energy Systems, Inc. (the "Company") (Nasdaq: SYMX), a global energy and gasification technology company, today announced that Donald Bunnell, President and CEO of Asia Pacific, and Foon Lee Leow, Managing Director ? China, are leading the Company's participation in the Obama Administration's first cabinet?level trade mission to China, headed by U.S. Commerce Secretary Gary Locke. The trade mission began on May 15th and concludes on May 21st and will make stops in Hong Kong, Shanghai and Beijing.
"We are pleased to participate in this trade mission alongside key players in the clean energy sector," said Robert Rigdon, President and CEO of the Company. "With one coal gasification project in operation and another project under construction we believe we are in a unique position due to our capability to cleanly convert China's Inner Mongolian lignite coal reserves into high value energy and chemical products," Rigdon added.
The trade mission is being conducted to promote U.S. exports in technologies related to the following sectors: clean energy, energy efficiency, and electric energy storage and transmission and distribution. China's rapid economic growth has been accompanied by an increase in demand for energy and today coal accounts for about 70% of China's energy use. In addition, the price of coal in China has increased significantly due to this demand, thereby creating the need for cleaner coal technologies which can use China's large low cost lignite reserves in Inner Mongolia. Utilizing its U-GAS? technology, the Company is in a unique position to convert these lignite coals cleanly, efficiently and with low water usage into valuable products such as substitute natural gas, power and chemicals.
Synthesis Energy Systems to Present at Deutsche Bank 2010 Alternative Energy, Utilities and Power Conference HOUSTON, May 7 /PRNewswire-FirstCall/ -- Synthesis Energy Systems, Inc. ("SES") (Nasdaq: SYMX) announced today that Kevin Kelly, chief accounting officer, will present at the Deutsche Bank 2010 Alternative Energy, Utilities and Power Conference in Washington, DC on Tuesday, May 11, 2010 at 3:35 p.m. Eastern Time.
A live audio webcast of the presentation may be accessed through the company's website at www.synthesisenergy.com within the Investor Relations section. Viewers are encouraged to log on approximately 15 minutes prior to the presentation to register and download any necessary software. A replay of the webcast will be available shortly after the live presentation and will be archived for 30 days.
About Synthesis Energy Systems, Inc.
SES is an energy and technology company that builds, owns and operates coal gasification plants in China that utilize its proprietary U-GAS? fluidized bed gasification technology to convert low rank coal and coal wastes into higher value energy products, such as transportation fuel and ammonia. SES also licenses its U-GAS? technology for biomass and coal applications worldwide. The U-GAS? technology, which SES licenses from the Gas Technology Institute, gasifies coal 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 our ability 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) our ability to operate efficiently on a smaller scale, which enables us to construct 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, visit www.synthesisenergy.com or call (713) 579-0600.
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