Synthesis Energy Systems, Inc. (Nasdaq: SYMX) is a global energy and gasification technology company that provides products and solutions to the energy and chemicals industries.
SYMX announced that it has agreed to jointly evaluate and market a small scale power generation unit combining its gasification technology with GE Packaged Power, Inc. , a subsidiary of General Electric Company. Companies will focus on regions of the world where conversion of non-conventional feedstock sources such as lignite and coal wastes into synthesis gas fuel via SYMX’s technology may be advantaged over conventional gas turbine fuel sources such as natural gas and fuel oil.
Synthesis Energy Systems’ proven technology efficiently converts coals and other solid fuels, including inexpensive ultra-low quality coals, coal wastes and refuse derived fuels into a synthesis gas. GE’s LM-2500+G4 gas turbines can produce reliable and cost efficient power for smaller scale projects generating 50 to 100MW.
Darryl Wilson , president and CEO, Aeroderivative Gas Turbines for GE Power & Water , commented:
We look forward to continuing our work with Synthesis Energy Systems to evaluate the opportunity to jointly implement our respective technologies to help companies take advantage of syngas for distributed power generation. The LM2500+G4 turbine, with its flexibility to operate on a variety of gaseous fuel types including syngas produced from low quality solid fuels, is the ideal engine choice for this type of power plant design.
Robert Rigdon , president and CEO of SYMX, added:
Our technology is uniquely well-suited for a wide range of fuels and can produce a syngas suitable for fueling GE’s aeroderivative LM2500+G4 turbine. Based on our initial work together, we are excited about the prospects for a replicable and cost effective small scale power unit using unconventional fuels. This opportunity fits well into our model of developing valuable and low capital business verticals around key segments in which we can deliver our technology product including design, equipment, and services.
Synthesis Energy Systems serves the following industry segments:
– Fuel Gas
Substitute Natural Gas
– Cogenerated Power and Steam
– Acetic Acid
– Dimethyl Ether
– Oxo Alcohols
– Direct Reduced Iron (DRI)