Synthesis Energy Systems and Ambre Energy Enter Into Technical Study Agreement for Coal to Liquids Project
HOUSTON, TX, Aug 30, 2011 (MARKETWIRE via COMTEX) — Synthesis Energy Systems, Inc. (“SES”), a global energy and gasification technology company that provides products and solutions to the energy and chemicals industries, announced today that it has entered into a Technical Study Agreement with Ambre Energy (“Ambre”) of Australia to supply a proprietary gasification design to support Ambre’s development of a planned Coal to Liquids Project (“ambreCTL”). Ambre intends to integrate this technical study with its engineering work on the overall ambreCTL project that it is developing in Queensland, Australia.
The ambreCTL project, when completed, will produce approximately 18,000 bbl/day of gasoline and about 40 million gallons per year of LPG. SES’ U-GAS(R) gasification technology is intended to convert approximately four million tons of low rank, high ash coal annually into syngas for the subsequent production of gasoline and LPG. In a coal test run performed in December 2010 at SES’ commercial coal gasification project in Shandong Province, China, SES achieved greater than 98% carbon conversion with Ambre Energy’s low-rank Australian coal intended for use in the ambreCTL project.
Robert Rigdon, President and CEO of SES, stated, “We are pleased to have entered into this agreement with Ambre Energy, which has identified SES’ U-GAS(R) platform as an ideal technology solution for their ambreCTL facility. To support Ambre’s project development, we will commence with the technical study based on our gasification technology, which will be incorporated into Ambre’s overall project development. We look forward to completing this study, which is an important milestone toward completing our license agreement with ambreCTL.
Edek Choros, CEO of Ambre Energy, commented, “We have worked with SES for about a year and we have found their gasification technology to be an excellent fit for converting our coal assets into high-value products. SES’ recent progress in China and India in building strategic business partnerships gives us confidence in the value they bring. This technical study is an important step toward securing the technology license and moving forward with our project in Australia, which will allow us to bring needed clean, low cost, coal-based fuels to the region.”
About Synthesis Energy Systems, Inc.
SES provides technology, equipment and engineering services for the conversion of low rank, low cost coal and biomass feedstocks into energy and chemical products. Its strategy is to create value through providing technology and equipment in regions where low rank coals and biomass feedstocks can be profitably converted into high value products through its proprietary U-GAS(R) fluidized bed gasification technology, which SES licenses from the Gas Technology Institute. U-GAS(R) gasifies coal cost effectively, without many of the harmful emissions normally associated with coal combustion plants. The primary advantages of U-GAS(R) relative to other gasification technologies are (a) greater fuel flexibility provided by the ability of SES 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) the ability of SES to operate efficiently on a smaller scale, which enables the construction of 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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