Synthesis Energy and Consol Energy to team up on W.V. gasification plant
Synthesis Energy Systems Inc. (Nasdaq:SYMX) said ahead of today’s opening it will team up with Consol Energy Inc. (NYSE:CNX) on a coal gasification and liquefaction plant that will produce gas and methanol. The plant will be located in West Virginia. The plant will produce about 720,000 metric tons annually of methanol that can be used as a feedstock in the chemical industry. The plant also should be able to convert methanol production to an estimated 100 million gallons per year of 87-octane gasoline.
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Houston-based Synthesis Energy develops commercial gasification technology. Pittsburgh-based Consol Energy is a coal producer. In today’s trading, shares of Synthesis Energy are at $8.68 at 12:04 p.m. ET, up $0.65 from Friday’s close. The stock has ranged from $5.05 to $15.92 during the past year. spacer spacer spacer spacer spacer spacer spacer spacer spacer spacer spacer spacer spacer spacer spacer spacer spacer spacer spacer spacer spacer spacer spacer spacer spacer spacer spacer spacer spacer spacer spacer spacer spacer spacer spacer spacer spacer spacer spacer spacer spacer spacer spacer spacer spacer spacer spacer spacer spacer spacer spacer spacer spacer spacer spacer
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