Synthesis Energy Systems to Participate in India Trade Mission
India Represents Vast Potential Market for SES Gasification Technology
HOUSTON, Sept. 9, 2013
HOUSTON, Sept. 9, 2013 /PRNewswire/ --Synthesis Energy Systems, Inc. (NASDAQ:
SYMX) ("SES"), a clean energy technology company, will be joining other U.S.
gasification and clean energy companies on a trade mission to India starting
today sponsored by the U.S. India Business Council (www.usibc.com) and the Gas
Technologies Council (www.gasification.org).
The purpose of the four-day trade mission to New Delhi and Mumbai is to meet
with government ministries, industrial companies and other interested parties
in gasification to share information on deploying gasification on a wider
scale in India in order to help the country cleanly utilize its largest
domestic natural resource, coal, to meet its growing energy needs.
Participants will also bediscussing India's gasification policy framework
with government stakeholders.
"With the world's fifth largest coal reserves, the majority of which is very
high ash coal, India represents a tremendous potential market for SES," said
Carrie Lalou, vice president of business development for SES, who will be
representing the company on the India trade mission. "We believe our
proprietary technology is the only commercially available gasification
technology to economically process the lowest quality coal feedstocks.
"SES already has a presence in India through our exclusive marketing agreement
with Simon India Ltd, a subsidiary of Zuari Global Ltd, which provides us with
a valuable Indian partnership for deploying our technology in country and
gives us access to Simon's EPC capabilities for engineering SES' technology
there. Zuari, one ofIndia's leading industrial companies in the fertilizer
sector, made a $5 million strategic investment in SES in June 2011," said Mrs.
India is also a focus of SES' new business unit formed to help deploy its
technology, equipment and services for the distributed power generation
market. The business unit intends to design and sell a 'fuel generation
package' for producing clean syngas fuel for power generation.
"Our power business vertical is focused initially on fuel generation packages
for the 50 to 100 megawatt scale plants," said Mrs. Lalou. "We see India as an
ideal market for this type of standardized and modular power package because
of the need for clean power combined with plentiful Indian coal resources
which fit our technology very well."
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)
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 development stage of the operations 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 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, its ability to grow its business and generate revenues and
earnings as a result of its proposed China and India platform initiatives as
well as its joint venture with Midas Resource Partners, and its ability to
develop its power business unit and marketing arrangement with GE and its
other business verticals, steel and renewables. 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.
SOURCE Synthesis Energy Systems, Inc.
Contact: Synthesis Energy Systems, Inc., Kevin Kelly, Chief Accounting
Officer, (713) 579-0600, Kevin.Kelly@synthesisenergy.com, or MBS Value
Partners, LLC, Matthew D. Haines (Investors), Managing Director, (212)
710-9686, Matt.Haines@mbsvalue.com, or Feintuch Communications (Media),
Richard Anderson, Senior Managing Director, (718) 986-1596, SES@feintuchpr.com
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