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Blue Chip Growth

Stock Report: () Report Updated: Oct 19, 2014 | Print This Page

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(SYMX)

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Company Profile

Synthesis Energy Systems, Inc., a global energy and gasification technology company, engages in the provision of various products and solutions to the energy and chemical industries primarily in China. It owns and operates coal gasification plants that utilize its proprietary U-GAS fluidized bed gasification technology to convert low rank coal and coal wastes into energy products. The company licenses its technology rights to third parties and delivers an engineered technology package, as well as offers equipment components to customers who have contracted to own and operate projects. It also has a joint venture agreement with Shandong Hai Hua Coal & Chemical Company Ltd. for the production and sale of syngas that can be used as a fuel gas in industrial applications or can be used to produce power, synthetic natural gas, methanol, dimethyl ether, glycol, ammonia, direct reduction iron, gasoline, other transportation fuels, steam, and other byproducts, as well as various by products of the plant comprising ash and elemental sulphur. The company was founded in 2003 and is headquartered in Houston, Texas.

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