Synthesis Energy Systems Inc. (SES, NASDAQ: SYMX) signed an agreement with an undisclosed global technology provider to define a product that integrates the SES coal gasification technology with the provider's globally deployed process. To allow the provider to use low quality coal as a feedstock in an environmentally favorable way.
The agreement calls for SES to lead an engineering study that will first define the best integration of the two advanced technologies, followed by the completion of a basic engineering package and budgetary cost estimate for the integrated plant.
SES will be assisted in this effort by Fluor Enterprises, a unit of Fluor Corp. (NYSE: FLR) and the study is expected to last eight months.
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