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

Synthesis Energy Systems, Inc. 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.