HOUSTON, Nov. 29, 2017 (GLOBE NEWSWIRE) -- 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 Group Investor Relations: David Castaneda Arsen Mugurdumov 414.351.9758 IR@synthesisenergy.com
Media Relations: Susan Roush 805.624.7624 PR@synthesisenergy.com
