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Synthesis Energy Systems Enters Agreement to Study Feasibility of Using Gasification Technology to Produce Green Chemicals in



   Synthesis Energy Systems Enters Agreement to Study Feasibility of Using
        Gasification Technology to Produce Green Chemicals in the U.S.

Will Develop Financial and Technical Data Related to Conversion of Used Tires,
Auto Shredder Residue and Refuse-derived Fuels

PR Newswire

HOUSTON, Jan. 15, 2013

HOUSTON, Jan. 15, 2013 /PRNewswire/ -- Synthesis Energy Systems, Inc. (NASDAQ:
SYMX) has entered into an agreement with an undisclosed U.S.-based company to
assess the feasibility and optimal uses of SES' gasification technology for
the production of valuable 'green' chemicals.  

The agreement calls for SES to lead an engineering study, commissioned and
funded by the undisclosed U.S. company, that will define an optimal use of
potential feedstock combinations that may include used tires, auto shredder
residue and refuse-derived fuel to efficiently and cost-effectively produce
commercially viable chemicals such as methanol and methanol derivatives. The
plants being contemplated are expected to have an attractive environmental
footprint as they would process these waste streams with an exceptionally low
emissions profile. In addition, these plants have the potential to include
nearly complete carbon capture capability. 

SES will be assisted in this effort by Fluor Enterprises, a leading global
engineering, procurement, maintenance and construction company.

"We believe that our technology offers the ability to cleanly use these waste
and landfill materials in an environmentally responsible way to produce a
variety of high value products. Through our development efforts with potential
US partners last year we believe production of chemicals from these materials
can provide a unique and economically attractive 'green chemical' solution,"
stated Robert Rigdon, president and CEO. "Such an approach offers an avenue
for reduction in the carbon footprint of many of the chemical derived products
we use every day. Together with Fluor, we plan to use our in-house expertise,
intellectual property, and operations experience and to complete the study,
which we are hopeful, could form the basis of a technology, equipment and
services supply business to meet this growing need."

Due to the confidentiality agreements in place and competitively sensitive
information, SES is not able to divulge further details regarding the
agreement. The study is expected to last four months. Following the successful
completion of this study, SES hopes to advance to the next steps with this
important potential partner.

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^®
fluidized bed gasification technology, which SES licenses from the Gas
Technology Institute. U-GAS^® 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 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, please visit www.synthesisenergy.com or call (713)
579-0600.

SES 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. 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 early stage of development of SES, 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
including its China platform initiative, its ability to reduce operating
costs, the limited history and viability of its technology, commodity prices
and the availability and terms of financing opportunities, its results of
operations in foreign countries, its ability to diversify, its ability to
complete the restructuring of the ZZ Joint Venture, its ability to obtain the
necessary approvals and permits for its future projects, the estimated
timetables for achieving mechanical completion and commencing commercial
operations for the Yima project as well as the ability of the Yima project to
produce revenues and earnings, the sufficiency of internal controls and
procedures and the ability of SES to grow its business and generate revenues
and earnings as a result of its proposed China and India platform initiatives
and its relationship with Crystal Vision Energy, as well as its joint venture
with Midas Resource Partners. Although SES 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.
SES cannot assure you that the assumptions upon which these statements are
based will prove to have been correct.

Important Notice from SES

In connection with the proposed ZJX/China Energy transaction, SES has filed a
preliminary proxy statement, and intends to file a definitive proxy statement,
with the SEC and intends to mail the definitive proxy statement to the
stockholders of SES. SES and its directors and officers may be deemed to be
participants in the solicitation of proxies from the stockholders of SES in
connection with the transaction. Information about the transaction is set
forth in the preliminary proxy statement filed, and will be set forth in the
definitive proxy statement to be filed by SES with the SEC.

You may obtain the preliminary statement and, when available, the definitive
proxy statement, for free by visiting EDGAR on the SEC website at www.sec.gov.
Investors should read the definitive proxy statement carefully before making
any voting or investment decision because that document will contain important
information.

SOURCE Synthesis Energy Systems, Inc.

Website: http://www.synthesisenergy.com
Contact: Synthesis Energy Systems, Inc., Kevin Kelly, Chief Accounting
Officer, +1-713-579-0600, Kevin.Kelly@synthesisenergy.com; or MBS Value
Partners, LLC (Investors), Matthew D. Haines, Managing Director,
+1-212-710-9686, Matt.Haines@mbsvalue.com; Feintuch Communications (Media),
Richard Anderson, Senior Managing Director, +1-718-986-1596,
SES@feintuchpr.com
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