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UMED Holdings, Inc. and Its Wholly-Owned Subsidiary, Greenway Innovative Energy, Inc., Announce Gift Establishing a New Laboratory at The University of Texas at Arlington to Build a Small Scale Version of Its Gas-to-Liquids (GTL) Conversion Unit
UMED Holdings, Inc. and Its Wholly-Owned Subsidiary, Greenway Innovative Energy, Inc., Announce Gift Establishing a New Laboratory at The University of Texas at Arlington to Build a Small Scale Version of Its Gas-to-Liquids (GTL) Conversion Unit.
About this update from Greenway Technologies, Inc.
[{"type":"text","content":"\n \n \n UMED Holdings, Inc. and Its Wholly-Owned Subsidiary, Greenway Innovative Energy, Inc., Announce Gift Establishing a New Laboratory at The University of Texas at Arlington to Build a Small Scale Version of Its Gas-to-Liquids (GTL) Conversion Unit\n \n \nUMED Holdings, Inc. and Its Wholly-Owned Subsidiary, Greenway Innovative Energy, Inc., Announce Gift Establishing a New Laboratory at The University of Texas at Arlington to Build a Small Scale Version of Its Gas-to-Liquids (GTL) Conversion Unit\n \n FORT WORTH, TX--(Marketwired - Apr 7, 2016) - UMED Holdings, Inc. (OTCQB: UMED), through its wholly-owned subsidiary Greenway Innovative Energy, Inc. (GIE), has committed $750,000 to establish the F. Conrad Greer Lab at The University of Texas at Arlington where a small scale version of its Gas-to-Liquids (\"GTL\") conversion unit will be constructed.\n The small-scale version will confirm the company's unique proprietary front end design that will produce, without the need for expensive steam methane reformers, the syngas for the Fischer Tropsch unit that converts the syngas to diesel and jet fuel.\n For the past five years, Greenway has been working with UTA, through sponsored research agreements, on pioneering portable, small-scale units that can convert natural gas to liquids, such as diesel fuel and jet fuel. The small-scale version is being constructed so that it can easily be scaled up to the full 2,000 barrels per day unit.\n The gift to UTA, which is described at http://www.uta.edu/news/releases/2016/02/greenway-energy-gift.php. will allow Brian Dennis, professor in the Mechanical and Aerospace Engineering Department, and Fred MacDonnell, professor and chair of the Chemistry and Biochemistry Department, to exponentially increase fuel production through their innovative process. \n The gift and expanded research focus in alternative fuels will help UTA fulfill its goals under the Strategic Plan 2020: Bold Solutions | Global Impact, especially under the guiding theme of creating a Global Environmental Impact. \n \"Greer, who recently retired as Greenway's chief executive officer, has been a longtime supporter of UTA, said Raymond Wright, Greenway's founder and current CEO. Wright said Greer is passionate about innovation in the development of alternative fuels and came up with the concept for Greenway as...