Greenway Technologies, Inc. Announces Board Change and Update on Shareholder Committee
February 20, 2019 at 05:30 pm
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On February 19, 2019, the Greenway Technologies, Inc. received a letter of resignation from D. Patrick Six resigning as a Director effective immediately. The resignation has been accepted by the Chairman of the Board. On February 19, 2019, the Company also received a letter signed by Mr. Six and his attorney announcing Mr. Six’s resignation from the Greenway Technologies Shareholders Committee effective immediately. The letter also ordered the Committee to remove Mr. Six’s name from the slate of nominees to serve as a director and to cease and desist using Mr. Six’s EDGAR number and/or credentials.
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.