PHOENIX, June 19, 2018 (GLOBE NEWSWIRE) -- Patrick Six, current CEO of Greenway Technologies, Inc. (OTCQB:GTWI) (“the company”) returned to “Stock Day” to discuss company updates with “Stock Day” host Everett Jolly.
For new listeners, Mr. Six described the company’s history. Fischer-Tropsch (FT) is a process by which natural gas can be converted into diesel fuel and jet fuel. This process has existed since the early 1920s, when two German scientists discovered that coal could be converted directly into diesel fuel. Since then, six plants utilizing this process have opened and are operating overseas. Greenway Technologies Inc. has altered the process so it can operate on a smaller scale, creating a manageable way of handling natural gas conversion in the United States that stays in line with the country’s strict environmental regulations. The United States is currently the largest producer of natural gas, and according to Six, their process could revolutionize the way that it is handled in the United States. “We can create synthetic fuel at a more efficient... and a more environmentally safe rate than anywhere in the world, enabling the conversion of trapped or stranded gas which cannot be brought to the market into diesel or jet fuel which can be trucked to market thereby creating revenue with clean water and electricity as by-products of the process.”
Six’s confidence in the company’s direction is evident. Greenway Technologies Inc. is currently operating in a pre-revenue stage, but they are developing technology for a G- Reformer® that can create “synthesis gas” which is the first step in the Gas-To-Liquid process and be licensed or sold to other natural gas conversion companies for use with their FT facilities as well as designing a full scale Gas-To-Liquid (GTL) plant. It is a growing market, and Six believes that doing this will allow for the company to begin pulling in a significant amount of revenue, as early as this year. “I think it is very possible that we could have G-Reformers deployed by the end of this year.”
The company is also undergoing leadership changes in order to continue moving forward and providing a focus on the transition from pre-revenue to revenue stage. Greenway announced John Olynick as their new President. John has over 40 years of experience and a highly successful track record in the technology arena and was CEO and Board Chairman of a public company that experienced rapid and significant growth. He also brings experience in working with “Wall Street” and the investment community.
Greenway also recently announced a new CFO and a new member of their Board of Directors.
Greenway Technologies Inc. trades on the OTCQB market under the ticker symbol GTWI. Shares are currently selling for around 7 cents, and the company’s market cap is about 19.7 million.
For more information about the technology used by Greenway Technologies, corporate structural changes, and an introduction to their new President on the show, please follow the link below to hear the full interview.
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About Greenway Technologies, Inc.
Greenway Technologies, Inc. (GWTI) is established for acquisitions in the energy sector. GWTI owns two US patents and one provisional patent. The company is in the process of performing research on its proprietary technology to convert natural gas into diesel and jet fuel that will be a tremendous asset to our country as the USA has the largest supply of natural gas in the world. This technology could help lead the USA to being energy independent. In addition, GWTI has placer claims filed with the BLM on 1,760 acres in Mohave County, Arizona and is developing an operating plan to mine the claims.
Contact Information
Greenway Technologies, Inc.
John Olynick - President
john.olynick@gwtechinc.com
http://www.gwtechinc.com/
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