GWTI
Industry:
Chemicals

DESCRIPTION

Greenway Technologies is a development-stage company that has developed a proprietary gas-to-liquids (GTL) technology designed to convert natural gas into liquid fuels and high-value chemicals. The core product is the G-Reformer, a patented modular reactor that converts natural gas into synthesis gas using a process Greenway calls Fractional Thermal Oxidation. The synthesis gas is then fed into a conventional Fischer-Tropsch reactor to produce fuels (diesel, gasoline, jet fuel, methanol) and high-purity chemicals including n-hexane, n-heptane, and n-octane. The G-Reformer's key differentiator is its small, modular, and transportable form factor — unlike traditional refinery-scale GTL plants, Greenway's units are designed to deploy directly at oil and gas field sites to process associated, flared, or stranded gas that would otherwise be wasted. Greenway's intended business model has two components: directly operating its own GTL micro-plants to sell fuels and chemicals, and licensing the G-Reformer technology to third-party operators. High-purity chemical outputs are expected to carry better margins than fuels. However, Greenway has not yet reached commercial-scale operations and has not generated material revenues. The company is still in the R&D and early commercialization phase, carries a going concern qualification, has four full-time employees, and has an accumulated deficit of over $41M.

Read full business overview →