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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