Markets

Synthesis Energy Achieves First Methanol Production from Yima Joint Venture Project - Shares Jump 5%

Synthesis Energy Systems Inc.'s ( SYMX ) Yima Joint Venture plant has started to produce methanol, moving SYMX closer to generating meaningful financial results from its China business in 2013.

The plant will be ramping up methanol production to full capacity as the Yima Joint Venture completes all remaining commissioning and start-up steps throughout the first half of 2013.

SYMX is up 4.7% at $1.11, trading in a 52-week range of $0.75 - $1.88. Shares have increased 31% in the last 12 months.

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The views and opinions expressed herein are the views and opinions of the author and do not necessarily reflect those of Nasdaq, Inc.

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