Published: February 08, 2006
Syngas International Corp. (OTC BB: SYNI) -- Alterative Energy Big Winner in State of Union Address
Hydrogen Technologies Biggest Winner in New Energy Funding Increases
Syngas International Corp. (OTC BB: SYNI).
In his State of the Union Address on January 31, 2006, the president
discussed some of the most important energy related issues facing the
nation. The Address, which historically sets forth the President's plan of
action for the fiscal year, heavily discussed America's dependence on oil
acknowledging that alterative fuel sources will be needed in the future.
"Keeping America competitive requires affordable energy. And here we have
a serious problem: America is addicted to oil, which is often imported
from unstable parts of the world. The best way to break this addiction is
through technology," announced President Bush.
Congress approved a 22 percent increase in clean-energy research funding.
The largest increases in the budget are intended for clean coal and
hydrogen technologies. More than fifty percent of US electric supply
currently is derived from coal.
An important coal-related amendment was included in legislation during the
final days of the 109th Congress' first session, which ends imminently.
Senator Robert Byrd of West Virginia offered an amendment to the Defense
Authorization Bill which requires that a study be done on the benefits of
converting coal to liquid fuels by the Department of Defense. The Byrd
amendment is a clear demonstration that the United States Government is
continuing to seek alternative sources of fuel, and that the gasification
processes will be a vital part of the solution to the current energy needs.
Syngas' advanced gasification and PyStR technology allow for the
utilization of biomass feedstocks to produce hydrogen, synthetic gas and
ethanol, as well as gasification of coal with zero net greenhouse gas
emissions.
Last month, Syngas announce that it would be a key note presenter on
February 13, 2006 at the Big Hydrogen Show co-hosted by the Canadian
Hydrogen Association and EnergyInet to showcase and introduce to industry,
government and academia its PyStR hydrogen production technology.
About the Canadian Hydrogen Association: http://www.h2.ca
The Canadian Hydrogen Association is a non profit membership association
composed of universities, research organizations, industry and small
business. Their objective is to promote the use and development of
hydrogen energy, hydrogen energy systems and technologies and to develop
the role of hydrogen energy for the purpose of improving the environment.
About EnergyInet Inc.: http://www.energyinet.com/
EnergyInet Inc. is a Canadian not-for-profit network that brings industry,
researchers and governments together to help develop new environmentally
responsible hydrocarbon and renewable energy technologies that will produce
an abundant supply of clean energy for Canada.
About Syngas International Corp: www.syngasinternational.com
Syngas International Corp. (OTC BB: SYNI), through its subsidiary Syngas
Energy Corp. is an emerging leader in the development and marketing of low
cost alternate fuels worldwide. We believe our superior technology will
catapult our company into a GREEN POWERHOUSE. With energy prices at high
levels and the global focus moving rapidly towards addressing pollution,
the need for sustainable, zero emission energy is vital. Our technology is
based on clean renewable energy. We foresee our company poised to benefit
from global trends.
Forward-Looking Statements
Except for the historical information contained herein, the matters
discussed in this press release are forward-looking statements. Such
statements are indicated by words or phrases such as "believe," "will,"
"breakthrough," "significant," "indicated," "feel," "foresee,"
"revolutionary," "should," "ideal," "extremely," and "excited." These
statements are made under "Safe Harbor" provisions of the Private
Securities Litigation Reform Act of 1995. Actual results may differ
materially from those described in forward-looking statements and are
subject to risks and uncertainties. See Syngas' filings with the Securities
and Exchange Commission, including, without limitation, Syngas' recent Form
10-KSB and Form 10-QSB, which identify specific factors that may cause
actual results or events to differ materially from those described in the
forward-looking statements.
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