Greenway Technol Stock Price, News & Analysis

Greenway Technologies, Inc. (GWTI) is described in its public disclosures and news releases as an advanced gas-to-liquids ("GTL") and gas-to-hydrogen ("GTH") technology development company. Based in Arlington, Texas, Greenway operates through its wholly owned subsidiary, Greenway Innovative Energy, Inc., focusing on the research and development of proprietary syngas conversion systems that use natural gas as a feedstock. The company’s technology is designed to work wherever natural gas is produced or available.

According to multiple company announcements, Greenway has developed patented reforming systems that convert natural gas (methane) into synthesis gas (a mixture of hydrogen and carbon monoxide) or into hydrogen and carbon dioxide. These systems are intended to be relatively small and modular, so they can be scaled to match oil and gas field production requirements or other processes that have access to natural gas.

Core technologies and products

Greenway’s disclosures highlight two primary proprietary systems:

• G-Reformer® / G-Reformer™ unit – A patented, first-generation commercial reformer that converts natural gas into synthesis gas. When combined with a Fischer–Tropsch (FT) reactor and catalyst, this syngas can be processed into liquid fuels and chemical products.
• H-Reformer® / H-Reformer™ unit – A reforming system derived from the G-Reformer® that converts natural gas to hydrogen and carbon dioxide, with a focus on hydrogen creation and downstream separation of carbon dioxide.

Company descriptions state that the G-Reformer® unit is the core of a system that can be used to make hydrogen (GTH) or, when combined with an FT unit, liquid fuels under a GTL configuration. The liquid outputs described include gasoline, diesel, jet fuel, diesel fuel blend stock, methanol, and various long-chain hydrocarbon chemicals, as well as other valuable chemical outputs. Greenway also notes that when these fuels are derived from natural gas, they are incrementally cleaner than conventionally produced oil-based fuels.

Gas-to-liquids (GTL) applications

In its news releases, Greenway explains that its GTL systems are designed to process a variety of natural gas streams, including pipeline gas, associated gas, flared gas, vented gas, coal-bed methane, and biomass-derived gas. The company states that GTL configurations can convert stranded gas into liquid products that can be transported using conventional logistics such as truck or rail, reducing the need for pipelines in locations where they do not exist. This is presented as a way to address stranded or flared gas by turning it into transportable liquid fuels and chemicals.

The company also describes the potential for its technology to support projects in areas with abundant natural gas resources but limited infrastructure, including oil and gas fields and other sites where natural gas is available. In certain communications, Greenway notes that its systems can be scaled to meet the natural gas supply wherever it is available.

Gas-to-hydrogen (GTH) and hydrogen-focused systems

Greenway’s GTH activities center on producing hydrogen from natural gas at or near the point of use. The H-Reformer® is described as a modular system that converts natural gas to hydrogen and carbon dioxide. Company materials explain that enhancements to the original G-Reformer® and an extension to the reforming vessel enable the H-Reformer® to generate more hydrogen per unit of natural gas input and to convert carbon monoxide to carbon dioxide within the unit.

The company states that carbon dioxide can be separated from the resulting hydrogen using commercially available processes, yielding highly pure hydrogen and liquid carbon dioxide. The liquid carbon dioxide can then be removed, sold, or sequestered. Greenway also notes that the H-Reformer® is scalable by adjusting output configurations or stacking multiple units, allowing it to meet small or large hydrogen production requirements.

In its descriptions, Greenway emphasizes that hydrogen produced by its systems can be used at the point of manufacture, which reduces or eliminates the cost of compressing and transporting hydrogen over long distances. For applications that do not require compressed hydrogen, such as certain electrical power generation projects, the company highlights the potential to avoid hydrogen compression and transportation costs.

Feedstocks, outputs, and environmental aspects

Across several news releases, Greenway reports that its reformer systems are designed to handle multiple types of natural gas streams, including:

• Pipeline-quality natural gas
• Associated gas
• Flared gas
• Vented gas
• Coal-bed methane
• Biomass-derived gas

The company notes that its technology can produce a range of outputs, such as:

• Gasoline, diesel, and jet fuel
• Diesel fuel blend stock
• Methanol
• Sustainable aviation fuel (SAF), as referenced in connection with certain project discussions
• Other valuable long-chain hydrocarbon chemicals and liquids

Greenway’s public statements also discuss environmental and regulatory aspects. The company indicates that its process does not require external heating sources, which it describes as contributing to a highly efficient and lower carbon-generating process compared to other natural gas-to-hydrogen technologies. It further explains that when pipeline-quality fossil natural gas is used as input, the system produces what it calls "blue hydrogen," and when renewable pipeline-quality methane is used, it produces "green hydrogen." These distinctions are presented as relevant for clean air credits and lower-carbon standards.

Research and development partnerships

Greenway reports that it is engaged in ongoing research and development activities, including work conducted in association with The University of Texas at Arlington (UTA). The company has disclosed a patent agreement and a Sponsored Research Agreement (SRA) with UTA. Under this SRA, UTA performs defined research tasks on Greenway’s GTL and GTH products, maintains and operates equipment in the Greer Lab at UTA, and conducts specific projects aimed at new features and improvements to current and future products.

According to the company, the SRA framework provides that patents and other discoveries resulting from the research become Greenway’s property, with all rights assigned to the company. Greenway describes this arrangement as supporting a continuous flow of work that leads to new products and features while protecting its intellectual property rights.

Commercialization efforts and project discussions

In its announcements, Greenway describes itself as having devoted more than a decade to research and development of its GTL and GTH technologies. The company has reported several steps toward commercialization, including:

• A non-binding term sheet with Swift Creek, LLC (SCL) under which SCL would purchase a patented G-Reformer™ unit and an FT unit configured as a micro-plant to produce a minimum of five barrels per day of liquid hydrocarbons and other liquids. The term sheet also contemplates Greenway retaining a portion of the offtake and SCL acting as a representative to promote and market such systems.
• A non-binding letter of intent with GME Hydro LP for the purchase and deployment of two H-Reformer™ units intended to convert natural gas to hydrogen for electrical power generation, with a described configuration targeting hydrogen output to support a larger power generation system.

In connection with these discussions, Greenway has outlined potential uses of its technology for producing synthetic diesel blend stock, jet fuel, sustainable aviation fuel (SAF), methanol, and other liquid hydrocarbons, as well as for addressing stranded natural gas wells and projects involving fossil and renewable natural gas blends.

Stock trading venue and regulatory reporting

Greenway’s common stock trades under the symbol GWTI. Company news releases state that the stock has traded on OTC Markets platforms, including periods on the OTCQB® Venture Market and periods on the OTC Pink (pink sheet) trading platform, depending on the status of its SEC reporting and related regulatory requirements. In one announcement, Greenway reported an uplisting from the OTC Pink Market to the OTCQB Venture Market, and in another, it described a conversion from OTCQB trading to pink sheet trading due to untimely SEC filings, followed by steps to regain OTCQB eligibility.

The company also reports that it is subject to SEC reporting requirements and has filed Forms 10-K, 10-Q, and 8-K. Recent 8-K filings include disclosures about executive appointments, board changes, and a mediated settlement agreement involving the issuance of common stock and cash payment obligations.

Corporate governance and leadership changes

Greenway’s SEC filings and news releases describe several governance and leadership developments. These include the appointment of a new Chief Executive Officer, changes to the Board of Directors, and the resignation of a board member. The company has reported that its board size was increased and that new directors were appointed, with terms extending until the next annual meeting of shareholders or earlier resignation, death, or removal.

Business model focus

Based on its public statements, Greenway’s business model centers on developing, protecting, and deploying proprietary GTL and GTH technologies. The company emphasizes:

• Patented reformer systems (G-Reformer® and H-Reformer®) as core technology assets.
• Collaboration with research institutions to enhance and expand its technology.
• Potential commercial projects where its systems can be installed at sites with access to natural gas, including oil and gas fields and other locations with fossil or renewable methane.
• Configurations that aim to create liquid fuels, hydrogen, and chemical products with lower carbon characteristics relative to conventional fuel production.

Greenway’s disclosures present its technology as modular and scalable, with applications that range from small systems to larger installations, depending on project requirements and available natural gas supply.

Regulatory and legal matters

In a Form 8-K, Greenway reported entering into a mediated settlement agreement with a plaintiff and other parties. Under this agreement, the company agreed to issue shares of its common stock and make cash payments over time, with an agreed judgment serving as security for its obligations. The company also disclosed the use of exemptions from registration under the U.S. Securities Act of 1933 for the issuance of settlement shares.

These disclosures illustrate how Greenway addresses legal and financial obligations through negotiated agreements and how such matters are reported in its SEC filings.

Summary

In summary, Greenway Technologies, Inc. is described in its own communications as a Texas-based GTL and GTH technology development company focused on proprietary reformer systems that convert natural gas into synthesis gas, hydrogen, and a range of liquid fuels and chemicals. Its activities include research and development in partnership with academic institutions, protection of intellectual property, and efforts to move from a primarily research-focused phase toward commercial deployment of its patented systems in projects that utilize natural gas resources.