Tuesday, Coalworks Ltd., an emerging Australian energy developer formed a strategic alliance with Synthesis Energy Systems Inc. (SYMX) with an intend to develop Coalworks' first coal gasification and liquefaction plant at Oaklands in New South Wales, Australia utilizing SES' proprietary U-GAS gasification technology, which SES licenses from the Gas Technology Institute.
The company noted that the Oaklands coal resource will be converted into high value gasoline product through the integration of these commercially proven technologies. In the CTL plant coal is converted into syngas through the U-GAS clean coal gasification process.
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June 12, 2026 17:14 ET Major central bank action was the focus this week in economic news. The European Central Bank became the first major central bank to move in response to the rising inflationary pressures in the backdrop of the conflict in the Middle East. In North America, the U.S. inflation and trade data as well as Canada’s central bank decision gained attention. The Chinese trade data was the main news in Asia.