Synthesis Energy Systems (SYNE) S-1 IPO registration

Exhibit 21.1

Subsidiaries of the Company

-  Synthesis Energy Holdings, Inc. (Florida corporation)

     -  Owns 100% of:

          -  Synthesis Energy Systems, Inc. (British Virgin Islands corporation)

               -  Owns 100% of:

                    -  Radiance Generation, Inc. (British Virgin Islands corporation)

                    -  Synthesis Energy Systems Investments, Inc. (Mauritius corporation)

                    -  Synthesis Energy Investment Holdings, Inc. (Mauritius corporation)

                    -  Synthesis Energy Technology Holdings, Inc. (Mauritius corporation)

                    -  Synthesis Energy Systems (Shanghai) Co., Ltd. (Chinese corporation)