Greenway enters US gas-to-liquids joint venture
Published by Tom Mostyn,
Greenway Technologies, Inc. has announced that it has entered into a joint venture with Mabert, LLC, Tom Phillips, Vice President of Operations and Chief Engineer for Greenway, and OPM Green Energy, LLC (OPMGE) for an ownership interest in the recently acquired Infra Technologies US gas-to-liquid (GTL) plant located in Wharton, Texas. As previously announced, Mabert, owned and controlled by Company director, Kevin Jones, originally purchased INFRA’s entire 5.2 acre site, plant and equipment, including INFRA’s proprietary Fischer-Tropsch (F-T) reactor system and operating licence agreement. The parties formed OPMGE to facilitate the creation of this joint venture, with Jones acting as OPMGE’s Member Manager.
OPMGE issued 700 units of its membership interests to initial members, Greenway, Mabert and Phillips. Of these, OPMGE issued:
- 300 units to Mabert, in exchange for rights to the INFRA Assets, which will be used as the field testing and certification site for Greenway’s G-ReformerTM technology.
- 300 units to Greenway for use of the first G-Reformer reactor and license to use the associated technology.
- 100 units to Phillips in consideration for the services he will be providing to OPMGE.
As consideration for its 300 units, Greenway has provided a limited, non-exclusive, royalty-free licence to its intellectual property, including all of the technology related to its patent-pending G-Reformer natural gas reforming technology, including a G-Reformer unit, which will be integrated into the Wharton plant’s existing FT unit and production infrastructure. The company’s involvement in the joint venture is intended to facilitate the third-party certification of Greenway’s G-Reformer technology, related equipment and technology. In addition, the joint venture is aimed at demonstrating the commercial viability of G-Reformer technology for producing syngas and marketable fuel products. As the first operating GTL plant to use Greenway’s proprietary reforming technology and equipment, the Wharton facility is initially expected to yield a minimum of 75 – 100 bpd of gasoline and diesel fuels from converted natural gas. Phillips, along with other company operations personnel and vendor partners will be responsible for integrating the technology into the existing INFRA assets and FT system.
Ray Wright, Greenway’s Chairman of the Board said, “Greenway’s participation and ownership in this GTL production facility provides a direct path to gaining our engineering certifications, a necessary step for future G-Reformer licensing and sales. While becoming a showplace for our GTL technology, we also expect that this facility will pay for itself by producing a sustainable amount of saleable, waxless liquid fuels.”
Jones added, “I’m elated that we have this opportunity to integrate our ground-breaking technology with a proven FT reactor. Having this commercial-scale production facility creates an unparalleled opportunity for us to prove the economic viability of our unique GTL technology.”
Read the article online at: https://www.hydrocarbonengineering.com/gas-processing/30082019/greenway-enters-us-gas-to-liquids-joint-venture/
You might also like
Technip Energies inks cooperation agreement with Congo’s Ministry of Hydrocarbons
Congo’s Ministry of Hydrocarbons has signed a cooperation agreement with Technip Energies that will see the parties expand cooperation in the fields of offshore and onshore energy developments.