Methanol Production Begins at Synthesis Energy Systems Yima Joint Venture Plant

Synthesis Energy Systems Inc. (NASDAQ: SYMX) announced that methanol production has begun at the Yima Joint Venture plant.

As quoted in the press release:

Located in Henan Province, China, the state-of-the-art, $250 million coal-to-methanol facility uses SES’ patented and proprietary gasification technologies. It has been constructed through a 75/25 percent owned joint venture between Yima Coal Industry Group Co. Ltd., a large, integrated Chinese coal company, and SES, respectively. When it reaches full capacity later this year, the plant is expected to cleanly convert some 2,400 tonnes per day of high ash Yima coal into 300,000 tonnes per year of refined methanol. There is a large and growing market for refined methanol in China as the demand for non-traditional utilization of methanol for production of olefins and transportation fuels is rapidly increasing in the country.

SES’s President and CEO,  Robert Rigdon, said:

This project represents a significant accomplishment for SES and is expected to generate meaningful cash flows for the Company. We expect the Yima Joint Venture to quickly ramp up methanol production rates and sales this year in order to achieve sustainable full capacity production levels.

To view the whole press release, click here

Get the Latest Coal Investing Stock Information

Get the latest information about companies associated with Coal Investing delivered directly to your inbox.

By selecting company or companies above, you are giving consent to receive email from those companies. And remember you can unsubscribe at any time.

Coal Report small 

Get Our Expert Guide to Coal Investing FREE!

  Download this FREE Special Report, Coal Price Forecast 2015 Types of Coal, Coal Prices and Coal Stocks

Leave a Reply