SinoCoking Coal and Coke Chemical Industries, Inc. announced operating results for the first quarter of 2015. For the quarter, the company announced that, during the first calendar quarter of 2015, it produced and shipped 51 million cubic meters of syngas to its first three customers, generating sales of more than RMB 31 million, or about $5 million using current exchange rates. According to the company, the selling price for syngas delivered during the quarter averaged $0.10 per cubic meter.

To date, 98% of receivables from syngas sales have been collected within 30 to 60 days.