Synthesis Energy Systems, Inc.’s (SYMX) joint marketing agreement with General Electric Company (GE), which combines SYMX‘s gasification technology used on low-quality, low-cost feedstocks with GE‘s aeroderivative gas turbine power generation technology, has opened up opportunities in emerging regions, says Robert W. Rigdon, President and CEO of Synthesis Energy Systems, Inc.
“We believe there is an opportunity existing today in many regions of the world to provide smaller- to medium-scale power plants; these would be power plants that would produce somewhere between perhaps 50 megawatts to 100 megawatts, and potentially even as high as 300 megawatts. These smaller-scale power plants are needed for power generation in many regions of the world with emerging and developing economies to move their economies forward. A lot of these places don’t have the power demand yet, or the infrastructure in place that can support massive centralized power plants like those that have been built in the developed world,” Rigdon said.
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SYMX has the capability to produce a clean syngas fuel from very low-cost, low-quality feedstocks, which when combined with GE‘s aeroderivative gas turbine power generation technology can provide the key to clean and affordable power, Rigdon says, opening up significant opportunities in developing areas.
“These units would consume low-quality, low-cost fuels, like lignite coals and renewable materials and waste materials, to produce electricity very cleanly and affordably. This can be a compelling value proposition, because without our technology to convert the low-quality feedstocks into clean fuel, these regions are left with the option of expensive LNG-based natural gas costing in the $14 to $15 per million BTU range, expensive fuel oil or older, much less clean and more expensive coal options,” Ridgon said. “Therefore we create an opportunity to actually make clean power from much lower-cost resources that are readily available in most of these countries…It’s a great example of deploying our technology as a clean energy platform to help provide much needed energy to improve and create better living conditions in many parts of the world.”
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