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[dDT]

SCOK 23.6% premarket
SinoCoking facility generating syngas at 25K cm/hour target

SinoCoking Coal (NASDAQ:SCOK) +23.6% premarket after announcing that its Pingdingshan above-ground facility for the conversion of carbon dioxide into clean-burning syngas is operating a full capacity and has achieved its initial production target of 25K cm/hour.
SCOK says the facility is generating gross revenues of ~$83K/day, based on the current price of $0.139/cm for syngas, and expects gross profit margins of 45%-50%.