Greenway Technologies, Inc. Reports Earnings Results for the Full Year Ended December 31, 2020
April 14, 2021 at 10:04 pm
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Greenway Technologies, Inc. announced earnings results for the full year ended December 31, 2020. For the full year, the company announced operating loss was USD 1.371 million compared to USD 2.429 million a year ago. Net loss was USD 2.541 million compared to USD 3.661 million a year ago. Basic loss per share from continuing operations was USD 0.01 compared to USD 0.01 a year ago.
Greenway Technologies, Inc. is engaged in the research and development of gas-to-liquids (GTL) synthesis gas (syngas) conversion systems and micro- plants that can meet specific gas field production requirements. Its technology G-Reformer unit (G-Reformer), a component used to convert natural gas into Syngas, when combined with a Fischer-Tropsch (FT) reactor and catalyst, produces fuels including gasoline, diesel, jet fuel and methanol. Its G-Reformer units can be deployed to process a range of natural gas streams, including pipeline gas, associated gas, flared gas, vented gas, coal-bed methane and/or biomass gas. Its technology also allows the extraction of high-value chemicals and alcohols, including n-Hexane, n-Heptane, n-Octane, n-Decane, n-Dodecane, n-Tridecane, ethanol and methanol. It also has approximately 1,440 acres of placer mining claims located on Bureau of Land Management (BLM) land in Mohave County, Arizona. Its wholly owned subsidiary is Greenway Innovative Energy, Inc.
GREENWAY TECHNOLOGIES, INC. 
