Greenway Technologies, Inc. & Subsidiaries (OTC: GWTI)

Greenway Technologies Inc. is engaged in the research and development of proprietary gas to liquids synthesis gas conversion systems and micro plants that can be scaled to meet specific gas field production requirements.

Its patented G Reformer unit converts natural gas into synthesis gas which when combined with a Fischer Tropsch reactor and catalyst produces fuels including gasoline, diesel, jet fuel, methanol and other high value chemicals.

The G Reformer can process a variety of natural gas streams including pipeline gas, associated gas, flared gas, vented gas, coal bed methane and biomass gas.

When derived from these sources the liquid fuels created are incrementally cleaner than conventionally produced oil based fuels.

The company is a development stage firm with plans to commercialize its unique and patented technology.

Revenue is expected to come from the sale of G Reformer units, licensing of the gas to liquids technology and the production of synthetic fuels, high value chemicals and hydrogen.

Currently the firm has not generated significant revenue as it focuses on research, testing and pilot scale demonstrations.

Greenway Technologies Inc. positions itself as an innovator in the gas to liquids sector by offering a modular, portable system that has a smaller footprint than traditional large scale GTL plants.

Its technology enables the use of flared, stranded, coal bed methane or vented gas at remote wellheads, reducing the need for flaring and allowing on site fuel and chemical production.

Key competitors include large integrated players such as Shell, Chevron, PetroSa, Qatar Petroleum, Sasol, Statoil and Eni as well as specialized firms like Velocys.

Compared with other small scale GTL providers such as Greyrock, Advantage Midstream, EFT, Primus GE and GasTechno, the company claims its G Reformer system offers lower capital costs, greater transportability and the ability to operate on a wider range of gas compositions.

The company’s prospective customers are oil and gas producers seeking to monetize otherwise wasted gas streams, refiners looking for clean fuel additives and industrial consumers of high purity chemicals.

While the filing does not disclose specific customer names, the target market includes exploration and production companies, midstream operators and petrochemical manufacturers.