Synthesis Energy Systems Inc. (SES, Nasdaq: SYMX) and GE Packaged Power Inc., a subsidiary of GE (NYSE:GE), have agreed to jointly evaluate and market a small scale power generation unit combining SES' gasification technology with GE's aeroderivative gas turbines.
Under the terms of this agreement, the two businesses will complete the market evaluation and seek initial customers on a non-exclusive basis. SES' technology 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 power for smaller scale projects generating 50 to 100 MW.
The agreement 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 SES' technology may be advantageous over conventional gas turbine fuel sources such as natural gas and fuel oil.
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