Business
Uptick Newswire Welcomes Returning Guest, Patrick Six of Greenway Technologies, Back onto “Stock Day” Podcast
Uptick Newswire Welcomes Returning Guest, Patrick Six of Greenway Technologies, Back onto “Stock Day” Podcast.
About this update from Greenway Technologies, Inc.
[{"type":"text","content":"\nPHOENIX, 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.\n 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 a...