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April 30, 2014
07:48 EDTSYMXSynthesis Energy's ZZ JV signs COG supply agreement with Shandong Shenghuo
Synthesis Energy Systems announced that the SES ZZ joint venture has signed a ten-year agreement with Shandong Shenghuo XuLong Coal Chemical Co. to purchase coke oven gas, or COG, to increase methanol production at the Zao Zhuang, or ZZ, Joint Venture plant in Zao Zhuang City, Shandong Province, China. Shandong Shenghuo will supply a minimum of 4,000 Normal Cubic Meters per hour of the new COG feedstock, with a normal target amount of 5,500 NCM per hour. This represents 30% to 40% additional COG feedstock, and is projected to push overall methanol production at ZZ up to approximately 110,000 tonnes per year, operating on a combination of COG blended with ZZ syngas from the SES gasifiers at the facility. During the last reported quarter ended December 31, 2013, the ZZ plant generated $4.4M from sales of 10,127 tonnes of methanol produced using primarily COG from Xuecheng Energy's adjacent coking coal plant.
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September 10, 2014
18:33 EDTSYMXOn The Fly: After Hours Movers
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