HOUSTON, Oct. 25 /PRNewswire/ -- Synthesis Energy Systems, Inc. (Nasdaq: SYMX), an alternative energy technology company that provides advanced technology products and solutions to the energy and chemical industries, announced today that an interview with Robert Rigdon, President and CEO, has been published on CEOCFO.com. A link to the article is also available on the Company's website at www.synthesisenergy.com.
In the CEOCFO.com interview, Mr. Rigdon discusses the Company's patented U-GAS® coal gasification technology and three tiered business strategy for building long-term shareholder value. This strategy includes providing proprietary technology and equipment to third parties through licensing; making investments in projects which the Company develops, designs, builds and operates; and unique opportunities to gain access to low rank coal resources through implementation of its U-GAS® coal gasification technology.
"Our U-GAS® coal gasification technology has already been demonstrated on a commercial scale at our Zao Zhuang joint venture plant in China, where we have demonstrated our capability to convert high ash, low rank coals, coal wastes and lignite into syngas in an efficient, clean and competitive manner. As a result, we are seeing growing interest from potential partners in China, India and other countries," stated Mr. Rigdon. "Low rank coals are an abundant and available resource that has the potential to play a significant role in providing the world's energy needs when the energy from these coals is unlocked in a clean and efficient manner. However, low rank coals are not currently utilized widely because of the difficulty and expense for conventional coal technologies to process these coals. Our U-GAS® technology has demonstrated the ability to gasify these low rank coals in an environmentally friendly and affordable manner, potentially opening up these resources for widespread energy and chemicals production, particularly in emerging markets where access to clean, affordable energy is limited. We believe we are executing a business strategy designed to realize the true potential of our U-GAS® technology."
About Synthesis Energy Systems, Inc.
Synthesis Energy Systems, Inc. provides advanced technology products, including its U-GAS® fluidized bed gasification technology and related services and equipment, to enable the clean conversion of low cost coal and biomass feedstocks into high value energy and chemical products, such as transportation fuel and ammonia. U-GAS® technology, which the Company licenses from the Gas Technology Institute, gasifies coal cost effectively, 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 the construction of plants more quickly, at a lower capital cost, and, in many cases, in closer proximity to coal sources. The Company currently has offices in Houston, Texas, and Shanghai, China. For more information on SES, visit www.synthesisenergy.com or call (713) 579-0600.
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. Forward-looking statements are subject to certain risks, trends and uncertainties that could cause actual results to differ materially from those projected. Among those risks, trends and uncertainties are the Company's early stage of development, its estimate of the sufficiency of existing capital sources, its ability to successfully develop its licensing business, its ability to raise additional capital to fund cash requirements for future investments and operations, its ability to reduce operating costs, the limited history and viability of its technology, the effect of the current international financial crisis on its business, commodity prices and the availability and terms of financing opportunities, its results of operations in foreign countries and its ability to diversify, its ability to maintain production from its first plant in the Zao Zhuang joint venture, its ability to complete the expansion of the Zao Zhuang project, its ability to obtain the necessary approvals and permits for its Yima project and other future projects, the estimated timetables for achieving mechanical completion and commencing commercial operations for the Yima project, its ability to negotiate the terms of the conversion of the Yima project from methanol to glycol and the sufficiency of internal controls and procedures. Although the Company believes that in making such forward-looking statements its 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. The Company cannot assure you that the assumptions upon which these statements are based will prove to have been correct.
SOURCE Synthesis Energy Systems, Inc.