Key Developments: Synthesis Energy Systems Inc (SYMX.W)
1.01USD
7 May 2013
$-0.04 (-3.81%)
$1.05
$1.01
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$1.42
$0.81
Latest Key Developments (Source: Significant Developments)
Hainan Dongfang Henghe Energy Selects Synthesis Energy Systems Inc's For Its Coal Gasification Project In China
Hainan Dongfang Henghe Energy Development Company Ltd., (Henghe) announced that it has selected Synthesis Energy Systems, Inc. (SES) for a large scale, 10 billion RMB (USD1.6 billion) coal waste to synthetic natural gas (SNG) project in Jiangxi Province, China. The Jiangxi Province project will be designed to convert coal mining wastes into two billion normal cubic meters of SNG per year, and is expected to be built in multiple phases. Both companies have agreed to work together exclusively for this project over the next 12 months to complete commercial agreements for licensing SES' technology as well as equipment supply and service agreements. During this period, Henghe will manage development of the project including obtaining necessary government approvals. Full Article
Synthesis Energy Systems Inc Enters Joint Marketing Agreement with Simon India Limited
Synthesis Energy Systems Inc announced that has entered into an exclusive marketing and engineering agreement with Simon India Limited (SIL) to exclusively market SES' gasification technology for projects in India. SIL is an engineering, procurement, and construction (EPC) company and wholly owned subsidiary of Zuari Global Ltd. of India. As part of the agreement, SES will exclusively use SIL for all engineering work it performs for any Indian gasification projects that it is awarded. SES will also train SIL on its technology and process design techniques to enable SIL to eventually produce SES' engineering packages for all its Indian projects. Full Article
Synthesis Energy Systems Inc Announces Cooperation Framework Agreement For Coal To Ammonia For Fertilizer Market In China
Synthesis Energy Systems Inc announced that it has entered into a Cooperation Framework Agreement for Coal to Ammonia for the Fertilizer Market in China (Agreement) with Beijing Zhonghuan Engineering & Project Management Co., Ltd. (ZEP). Under terms of the agreement, SES and ZEP will jointly explore undertaking a nitrogenous fertilizer retrofit project using SES' U-GAS® gasification technology, with the goal of developing it into a demonstration project. If the results of this undertaking are successful, SES and ZEP intend to establish an exclusive cooperation based upon retrofitting many of the existing ammonia projects in the nitrogenous fertilizer industry in China with SES gasification technology, combined with ZEP engineering and project management. Full Article
Synthesis Energy Systems Inc And Coalworks Extend Strategic Alliance
Synthesis Energy Systems Inc announced that it is undertaking a study for its strategic partner, Coalworks Limited to determine the potential for additional cost savings resulting from the use of high pressure U-GAS gasifiers at Coalworks' planned coal-to-liquids plant in Oaklands, New South Wales, Australia. The agreement follows on the companies' 2009 strategic alliance for development of the Oaklands facility. Full Article
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