Ashmore Energy International (AEI) Signs Joint Development Agreement with Synthesis Energy Systems (SES).HOUSTON -- Ashmore Energy International (AEI AEI American Enterprise Institute AEI Archive of European Integration AEI Australian Education International AEI Automotive Engineering International AEI Australian Education Index AEI Albert Einstein Institute ), an owner and operator of essential energy infrastructure assets in emerging markets worldwide, announced today the signing of a joint development agreement with Synthesis Energy Systems, Inc. (SES) (OTC OTC See: Over-the-counter. OTC See over-the-counter market (OTC). :SYMX), a coal gasification company involved in the conversion of low cost fuels into clean energy and chemical products using the U-GAS[R] gasification gas·i·fy tr. & intr.v. gas·i·fied, gas·i·fy·ing, gas·i·fies To convert into or become gas. gas technology. Under the terms of the agreement, AEI and SES will have the opportunity to identify and jointly develop various projects using the U-GAS technology in emerging markets around the world, other than in North America, certain countries in the European Union European Union (EU), name given since the ratification (Nov., 1993) of the Treaty of European Union, or Maastricht Treaty, to the European Community , Japan, Australia, and New Zealand. SES, through a long-term exclusive license, utilizes U-GAS technology to cleanly turn solid hydrocarbon fuels such as coal, biomass, or petroleum coke into synthesis gas, which is a mixture of hydrogen, carbon monoxide and other products, and is commonly referred to as "syngas
Syngas (from synthesis gas) is the name given to a gas mixture that contains varying amounts of carbon monoxide and hydrogen generated by the gasification of a carbon containing fuel to a gaseous product with ." Syngas can be utilized to generate thermal energy and, in gas-fired power plants, to produce electricity. It can also be converted into feedstock for the production of alternative fuel, such as coal-derived methanol, which can be used to produce DME (Distributed Management Environment) A network monitoring and control protocol defined by the Open Software Foundation (now The Open Group). DME was not widely used. DME - Distributed Management Environment , an alternative to liquefied petroleum gas liquefied petroleum gas or LPG, mixture of gases, chiefly propane and butane, produced commercially from petroleum and stored under pressure to keep it in a liquid state. , liquid natural gas, diesel and gasoline. "We are excited about working with SES and their U-GAS technology and welcome the opportunity to be a meaningful participant in this industry," said Emilio Vicens, AEI's Vice President of Business Development. "As a complement to AEI's existing and potential future businesses, this partnership fits with AEI's growth strategy to continue reinforcing its business lines, and we believe it strengthens AEI's competitiveness in potential new greenfield projects." About AEI AEI owns and operates essential energy infrastructure assets in emerging markets worldwide. AEI manages interests in a group of 35 energy assets with operations in 17 countries and more than USD USD In currencies, this is the abbreviation for the U.S. Dollar. Notes: The currency market, also known as the Foreign Exchange market, is the largest financial market in the world, with a daily average volume of over US $1 trillion. 2.5 billion in revenues (pro forma) and 14,000 employees. The Company serves more than 8.8 million customers worldwide by operating businesses in Power Distribution, Power Generation, Natural Gas Transportation and Services, Natural Gas Distribution, and Retail Fuel, with more than 61,000 km of gas and liquids pipelines, 134,000 km of power distribution lines, over 1,300 gasoline stations and a gross installed capacity of 1,675 MW. You can visit the AEI website at www.ashmoreenergy.com. |
|
||||||||||||
Printer friendly
Cite/link
Email
Feedback
Reader Opinion