Synthesis Energy Systems and Coalworks Extend Strategic Alliance

Synthesis Energy Systems, Inc. SYMX announced today that it is undertaking a study for its strategic partner, Coalworks Limited, to determine the potential for additional cost savings resulting from the use of high pressure U-GAS® gasifiers at Coalworks' planned coal-to-liquids plant in Oaklands, New South Wales, Australia. The agreement follows on the companies' 2009 strategic alliance for development of the Oaklands facility.