Synthesis Energy Systems, Inc. (Nasdaq: SYMX) ("SES"), a global energy and gasification technology company that provides products and solutions to the energy and chemicals industries, announced today a $5.0 million strategic investment from Zuari Industries Limited ("Zuari") of India in exchange for approximately 2.2 million shares of SES common stock. Zuari is one of India's leading industrial companies in the fertilizer sector.

SES and Zuari have been investigating business development opportunities where SES' U-GAS® technology for coal gasification can be integrated into industrial projects in India, including the potential for application of the U-GAS® technology in Zuari's own industrial plants and potential plant expansions. SES and Zuari have also been working together to use Zuari's wholly-owned engineering company, Simon India Limited ("Simon"), for technical services related to SES projects in India.

"Establishing this relationship with Zuari to help drive our opportunities in India is another important validation of our technology and a further execution of our business strategy," stated Robert Rigdon, President and CEO of SES. "We and Zuari believe the U-GAS® gasification technology of SES could have widespread applications across the Indian economy. India is among the world's fastest-growing economies and the country's need for fertilizers for its agricultural industry, other basic chemicals, clean energy products such as synthetic natural gas for residential and industrial uses, transportation fuels, and clean electric power, is rapidly increasing. We appreciate this recognition of our technology's potential for application in India."

"Coal is an abundant natural resource that is becoming even more critical in helping India achieve its ambitious growth objectives over the coming years. With potential shortfalls and price increases for natural gas, higher oil prices due to unrest in the Middle East and fresh concerns over the safety of nuclear energy, clean-coal technology is becoming even more attractive," commented H.S. Bawa, Vice Chairman of Zuari. "We have worked with SES to assess the potential for SES' technology in India and are now convinced of the unique opportunity this technology presents. We look forward to continuing to work with our colleagues at SES to drive project development and accelerate adoption of SES' leading gasification technology for the benefit of the people of India."

About Synthesis Energy Systems, Inc.

SES provides technology, equipment and engineering services for the conversion of low rank, low cost coal and biomass feedstocks into energy and chemical products.  Its strategy is to create value through providing technology and equipment in regions where low rank coals and biomass feedstocks can be profitably converted into high value products through its proprietary U-GAS® fluidized bed gasification technology, which SES licenses from the Gas Technology Institute. U-GAS® gasifies coal cost effectively, without many of the harmful emissions normally associated with coal combustion plants.  The primary advantages of U-GAS® relative to other gasification technologies are (a) greater fuel flexibility provided by the ability of SES to use all ranks of coal (including low rank, high ash and high moisture coals, which are significantly cheaper than higher grade coals), many coal waste products and biomass feed stocks; and (b) the ability of SES to operate efficiently on a smaller scale, which enables the construction of plants more quickly, at a lower capital cost, and, in many cases, in closer proximity to coal sources. SES currently has offices in Houston, Texas, and Shanghai, China. For more information on SES, visit www.synthesisenergy.com or call (713) 579-0600.

About Zuari Industries Limited

Zuari Industries Limited is the flagship company of one of India's oldest and most respected industrial houses, promoted by Dr. KK Birla – recently re-branded as Adventz under the leadership of Mr. Saroj Poddar, Group Chairman of Adventz Group. Advents Group includes Zuari Industries and Texmaco, and as many as 21 group entities, straddling fertilizer, heavy industry, engineering services (Simon India, Ltd), real estate and furniture retail. The Group is primarily focused in India, but also operates internationally. As a major producer of fertilizers for India, it is also the country's largest importer of fertilizers in the private sector, and has joint ventures with OCP of Morocco and ICL of Israel.  

SES Forward-Looking Statements

This press release includes "forward-looking statements" within the meaning of Section 27A of the Securities Act of 1933, as amended, and Section 21E of the Securities Exchange Act of 1934, as amended. All statements other than statements of historical fact are forward-looking statements. Forward-looking statements are subject to certain risks, trends and uncertainties that could cause actual results to differ materially from those projected. Among those risks, trends and uncertainties are the early stage of development of SES, its estimate of the sufficiency of existing capital sources, its ability to successfully develop its licensing business, its ability to raise additional capital to fund cash requirements for future investments and operations, its ability to reduce operating costs, the limited history and viability of its technology, the effect of the current international financial crisis on its business, commodity prices and the availability and terms of financing opportunities, its results of operations in foreign countries and its ability to diversify, its ability to maintain production from its first plant in the ZZ joint venture, its ability to complete the expansion of the ZZ project, its ability to obtain the necessary approvals and permits for its Yima project and other future projects, the estimated timetables for achieving mechanical completion and commencing commercial operations for the Yima project, its ability to negotiate the terms of the conversion of the Yima project from methanol to glycol, the sufficiency of internal controls and procedures and the ability of SES to grow its business as a result of the ZJX and Zuari transactions. Although SES believes that in making such forward-looking statements its expectations are based upon reasonable assumptions, such statements may be influenced by factors that could cause actual outcomes and results to be materially different from those projected. SES cannot assure you that the assumptions upon which these statements are based will prove to have been correct.

SOURCE Synthesis Energy Systems, Inc.

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Americans for Tax Reform today reiterated its support for full, tax revenue neutral repeal of all government granted advantages and preferences to the ethanol industry. To this end, ATR is pleased to support Senator Jim DeMint's amendment which repeals the Renewable Fuel Standard (ethanol mandate) and kills the death tax. This amendment fills in the gaps left by Senator Tom Coburn's ethanol amendment and overwhelms the Coburn tax increase with a more significant tax reduction. The Coburn amendment repeals the ethanol tax credit and tariff but in a way that raises net taxes and grows government spending. The DeMint amendment abolishes the death tax which is a significantly larger tax cut than the Coburn amendment's $6 billion tax increase.

The DeMint amendment also cuts to the heart of the government's support for ethanol by repealing the mandate that requires American families to purchase ethanol at the gas pump.

Taxpayer Protection Pledge signers should feel free to support the Coburn amendment provided they also vote for the DeMint amendment.

The government's mandate of ethanol usage distorts energy markets and raises prices for consumers. In order to fully repeal the government's unfair, anti-free market support of ethanol, all three policies must be eliminated—the mandate, the tax credit, and the tariff. Only the combination of the Coburn-DeMint amendments completely kills the government's support of the ethanol regime.

The DeMint amendment which abolishes the death tax ensures that repealing the ethanol tax credit is done in a way that prevents additional money from flowing to the appropriations committees. ATR has always opposed all forms of government support of ethanol. Our goal has been to repeal the ethanol tax credit, tariffs and the mandate totally…without raising taxes. The Coburn amendment, combined with the DeMint Amendment, accomplishes this longstanding goal.

Americans for Tax Reform is a non-partisan coalition of taxpayers and taxpayer groups who oppose all tax increases. For more information or to arrange an interview please contact John Kartch at (202) 785-0266 or by email at [email protected].

SOURCE Americans for Tax Reform

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Currently, the 6th Asia LNG Summit 2011 is under being organized by CPPEI and Global Leaders Institute.

The 6th Asia LNG Summit 2011 will take the booming LNG project as its central focus. Based on specific LNG projects, the latest industrial information and potential investment chances can be found. Through the application and implementation of the most core technology and equipment in these LNG projects, the industrial elites can share the advanced experiences and seize the industrial developing trends. In addition, this event will gather around lots of the decision makers of ONG projects, which can create more cooperation opportunities.

In the LNG market, will the future of LNG be supply exceeding demand or the opposite? How is one to grasp the market dynamics and find the investment direction? What kind of role will China play in the future of the LNG market? How are the most attractive LNG projects going? How are state of the art technologies and equipment being implemented? You will find the answers at this summit.

If you wish to contribute to Asia LNG Summit 2011 as a speaker, sponsor, delegate or exhibitor, please contact Michael Yuan at +86-21-5236-0030 ext. 6096 or at [email protected]. Any marketing issue and media problems, please contact Juno Zhu at + 86-21-5236-0030 ext. 6053 or at [email protected]. To register, please visit www.lng-summit.com or call +86-21-5236-0030/32.

SOURCE Global Leaders Institute

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  • Manufacturer's Suggested Retail Price starts at $39,995 before tax credit
  • Expanded customer choice includes two new interior trim and exterior colors

Chevrolet dealers in all 50 states will begin taking orders for the 2012 Chevrolet Volt electric car today.

The suggested retail price for the award-winning Volt will start at $39,995 (or $32,496 assuming a full federal tax credit of $7,500, which is subject to the customer's eligibility). The price includes an $850 destination freight charge but excludes tax, title and license fees. The starting price of the 2012 model is more than $1,000 below the 2011 base model.

The lower base price is possible in part because of a wider range of options and configurations that come with the expansion of Volt production for sale nationally. The 2011 model was available in just seven states and the District of Columbia.

For 2012, consumers will be able to choose from a total of seven option packages compared with only three for the 2011 model. A loaded Volt, with leather appointments, backup camera, navigation system and premium paint and wheels is priced at $46,265 including delivery ($38,765 net of full tax credit).

"We are giving consumers greater choice of content as the Volt becomes available nationwide by the end of this year," said Cristi Landy, Volt marketing director. "This gives us the opportunity to be more flexible in our pricing and still provide additional high-tech content to customers who want to purchase it."

The Volt will be available in two additional interior accents (white and spiced red) and two new exterior colors (Summit White and Blue Topaz Metallic).

New features for 2012 include:

  • Standard keyless access with passive locking; the car automatically locks and unlocks with the key fob in close proximity of vehicle
  • OnStar Turn by Turn navigation standard for three years, and available in-dash navigation system
  • Chevrolet MyLink including Bluetooth streaming audio for music and select phones (late availability)
  • Standard AM/FM stereo with CD player and MP3 playback and 7-inch diagonal color touch-screen display
  • Available 17-inch sport alloy wheels with black inserts (late availability).

Chevrolet will continue to offer an eight-year/100,000-mile* limited warranty on the Volt's 16-kWh lithium-ion battery, plus:

  • Three-year/36,000-mile* bumper-to-bumper coverage
  • Five-year/100,000-mile* roadside assistance and courtesy transportation
  • Five-year/100,000-mile* limited gas engine coverage
  • Six-year/100,000-mile* corrosion protection coverage.

Customers in all states can visit their nearest participating Chevrolet Volt dealer today to order a 2012 Volt. Once an order is placed, a dedicated Volt advisor will be available to answer questions and keep the customer apprised of the order progress. Nationwide availability will initially be limited as deliveries will occur by phases. Additionally, Chevrolet will have a team of Volt advisors available to answer questions starting today at 1-888-VOLT-4-YOU (1-888-865-8496).

The Volt offers a total driving range of up to 379 miles, based on EPA estimates.  For the first 35 miles, the Volt can drive gas- and tailpipe-emissions free using a full charge of electricity.  When the Volt's battery runs low, a gas-powered engine/generator seamlessly operates to extend the driving range another 344 miles on a full change. Chevrolet expects to build up to 45,000 Volts for retail and fleet customers in the United States during calendar year 2012.  

About Chevrolet

Founded in Detroit in 1911, Chevrolet celebrates its centennial as a global automotive brand with annual sales of about 4.25 million vehicles in more than 120 countries. Chevrolet provides consumers with fuel-efficient, safe and reliable vehicles that deliver high quality, expressive design, spirited performance and value. The Chevrolet portfolio includes iconic performance cars such as Corvette and Camaro; dependable, long-lasting pickups and SUVs such as Silverado and Suburban; and award-winning passenger cars and crossovers such as Cruze, Malibu, Equinox and Traverse. Chevrolet also offers "gas-friendly to gas-free" solutions including Volt. Cruze Eco offers EPA-est. 42 mpg highway while Volt offers 35 miles of electric, gasoline-free driving and an additional 344 miles of gas-powered extended range. Most new Chevrolet models offer OnStar safety, security and convenience technologies including OnStar Hands-Free Calling, Automatic Crash Response and Stolen Vehicle Slowdown. More information regarding Chevrolet models can be found at www.chevrolet.com

*Whichever comes first. See dealer for details.

SOURCE General Motors

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On the first day of Intersolar in Munich (8 June 2011), BELECTRIC presented the new 2.0 MegaWattBlock. The 2.0 MegaWattBlock is a standardised plant unit with nominal power of 2,000 kWp, any number of which can be combined to create larger ground-mounted solar power plants. The standardised system design, intelligent grid stabalisation technology and BELECTRIC's many years of experience in plant engineering and construction make solar power generation more cost efficient and reliable than ever before.

From the very start, the aim of the BELECTRIC development team was to further decrease the average electricity production costs. Bernhard Beck, CEO of BELECTRIC Solarkraftwerke GmbH, comments: "For us, the LCOE (Levelised Costs Of Electricity) are one of the most important factors on the energy market. A significant reduction in these costs opens up new opportunities and paves the way for the next generation of solar power plants. And that's exactly what our new 2.0 MegaWattBlock stands for." This cost efficiency is achieved thanks to the highly standardised BELECTRIC system design with perfectly co-ordinated power plant components, which are produced for the most part in house. The special power plant inverter with direct 20 kV medium voltage feed-in is tailored to application with thin-film modules. The dynamic reactive power control enables a significant increase in network stability. The entire design thereby explains the above-average system efficiency of the new BELECTRIC solar power plants. "Power generation at these power plants can compete with offshore wind power," declares Bernhard Beck. Our modular 2.0 MegaWattBlock enables us to customise the solution to match the customer's power requirements. As the new power plant has been designed to be installed and operated in extreme environmental conditions, it can be deployed in any region of the world.

About BELECTRIC: BELECTRIC is the global market leader for the development and implementation of ground-mounted solar power plants and photovoltaic rooftop installations (EPC). At BELECTRIC, engineers and project developers conduct interdisciplinary research in all areas of solar technology and develop innovative technologies that form the basis for the environmentally friendly energy supply of the future. Unlike most competitors, the company offers photovoltaic systems from a single source. The plants are realised - from planning and construction through to operation - without sub-contractors. Alongside solar power generation, the subsidiary BELECTRIC Drive concentrates on the combination of photovoltaics and e-mobility. More information at www.belectric.com.

This press release was issued through 24-7PressRelease.com.  For further information, visit http://www.24-7pressrelease.com.

SOURCE BELECTRIC Technology GmbH

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