Synthesis Energy Systems, Inc. (SYMX) Begins Producing Methanol at Yima JV Facility in Henan, China
Synthesis Energy Systems, developers of the U-GAS® fluidized bed gasification technology that allows energy producers to fully utilize even the abundant low rank, low cost coal, reported that the Yima Joint Venture project has begun outputting methanol. The company thus moves one major step closer towards meaningful financial traction with the China segment of the business this year, as methanol production at the facility is steadily ramped up to full capacity, with completion of the requisite commissioning and start-up steps being taken care of first. This remarkable cutting-edge facility in Henan Province is the result of a $250M investment in…