Greenway Technologies and The University of Texas at Arlington Announce the Completion of Comprehensive IP License Agreement
April 14, 2020 at 02:00 pm
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Greenway Technologies, Inc. announced the recent signing of a comprehensive patent and technology license agreement with The University of Texas at Arlington (“UTA”) covering a broad range of patent pending applications, both domestic and international. These patents and pending patent applications relate to intellectual property created by UTA researchers in furtherance of Greenway’s proprietry GTL technology and processes. Under this new license agreement, these pending patent applications complement Greenway’s existing portfolio of issued patents and pending patent applications. Greenway and UTA have a long history of working together on sponsored research focused on converting natural gas for use as high-grade diesel, gasoline, jet fuel and other petroleum-based products.
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.