Synthesis Energy Systems, Inc. to Present at The Brazilian Coal to Chemical Complex Opportunity Conference Today
November 29 2017 - 3:48PM
Synthesis Energy Systems, Inc. (SES) (NASDAQ:SYMX), a global leader
in the clean and efficient production of low-cost synthesis gas for
high value energy and chemical products, announced that SES is
presenting at Alternativas Sustentáveis do Uso do Carvão:
Oportunidades do Complexo Carboquímico no Brasil (The Brazilian
Coal to Chemical Complex Opportunity) Conference in Porto Alegre,
the state capital of Rio Grande do Sul, Brazil, today. DeLome Fair,
President and CEO, is presenting during the panel entitled “O Polo
Carboquímico na Ótica da Tecnologia e Meio Ambiente (The
Carbochemical Complex in the Perspective of Technology and
Environment), alongside representatives of Shell and Air Liquide.
The mediator is Sr. José Domingos Gonzales Miguez, Diretor do
Departomento de Politicas em Mudança do Clima – Ministério de Meio
Ambiente (Minister of the Environment).
The conference is organized by Federação das
Industrias do Rio Grande do Sul (FIERGS) and Centro Internacional
de Negócios do Rio Grande do Sul (CIN) to review the new Regulatory
framework to attract investment in the Brazilian coal to chemical
complex opportunity.
“We are pleased to participate in this important
conference in Brazil, where due to the high ash content of the
local coal, we believe our premier clean syngas technology can
provide strong economics,” said Ms. Fair. “The southern state of
Rio Grande do Sul is committed to the implementation of multiple
coal to chemical complexes to enhance the local economy, evidenced
by the recent passing of legislation that supports this activity.
To highlight the governmental support, at the opening of the
conference, we were honored to witness the Governor of Rio Grande
do Sul officially sign this legislation into law. As a result of
the strong economics driven by our unparalleled feedstock
flexibility, we are seeing increased interest in SGT from customers
around the globe, including projects in Brazil.”
Brazil’s Legislative Council established State Coal Policy and
the Carboquímico (Carbochemical) Pole of Rio Grande do Sul, the
country’s southernmost state, with the passing of Bill No.191/2017,
as reported by Jornal do Comércio on October 25, 2017. The Bill’s
objective is to favorably impact the economy in a sustainable
manner without negatively impacting the environment, through a
pole, or point, of syngas production to generate energy and/or
chemicals. The story reported that the expectation was to attract
investments to create a $4.4 billion industrial zone, to be
anchored by an approximately $1.7 billion carbochemical complex
through coal gasification, via the partnership of Brazil’s Copelmi
and South Korea’s Posco. The complex is projected to generate
about 2 million cubic meters of gas daily, with the syngas also
cited for the manufacture of ammonia, methanol and urea, as opposed
to imports. The proposal further provides for incentives to use the
resultant coal ash to manufacture construction materials.
About Synthesis Energy Systems,
Inc.
Synthesis Energy Systems (SES) is a
Houston-based technology company focused on generating clean,
high-value energy from low-cost and low-grade coal, biomass and
municipal solid waste through its proprietary technology for
conversion of these resources into a clean synthesis gas (syngas)
and methane. SES’s proprietary technology enables the production of
clean, low-cost power, industrial fuel gas, chemicals, fertilizers,
transportation fuels, and substitute natural gas, replacing
expensive natural gas-based energy. SES’s technology can also
produce high-purity hydrogen for cleaner transportation fuels. SES
enables greater fuel flexibility for both large-scale and efficient
small- to medium-scale operations close to fuel sources. Fuel
sources include low-rank, low-cost high ash, high moisture coals,
which are significantly cheaper than higher grade coals, waste
coals, biomass, and municipal solid waste feedstocks. SES: Growth
With Blue Skies. For more information, please visit:
www.synthesisenergy.com.
Forward-Looking Statements
This press release includes "forward-looking
statements" within the meaning of Section 27A of the Securities Act
of 1933, as amended, and Section 21E of the Securities Exchange Act
of 1934, as amended. All statements other than statements of
historical fact are forward-looking statements and are subject to
certain risks, trends and uncertainties that could cause actual
results to differ materially from those projected. Although SES
believes that in making such forward-looking statements our
expectations are based upon reasonable assumptions, such statements
may be influenced by factors that could cause actual outcomes and
results to be materially different from those projected by us. SES
cannot assure you that the assumptions upon which these statements
are based will prove to be correct. Please refer to our latest Form
10-K available on our website at www.synthesisenergy.com.
Contact: MDC GroupInvestor
Relations:David CastanedaArsen
Mugurdumov414.351.9758IR@synthesisenergy.com
Media Relations:Susan
Roush805.624.7624PR@synthesisenergy.com
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