Today, there is no practical way to economically transport natural gas from a remote location to existing distribution systems. While technologies like cryogenics, which convert natural gas to a transportable liquid state at hundreds of degrees below zero are available, they are highly specialized and require expensive infrastructure. Pipelines are the standard transport infrastructure.
Pipelines are tested and proven but are not without controversy, political challenges, and are costly to install and maintain. The current cost of a pipeline is estimated to be $750,000 per diameter inch per mile. In addition to the high cost, pipelines are only possible if right-of-ways are obtained. Building new pipelines to take advantage of recently discovered natural gas reserves is a barrier to entry for higher utilization of this clean and economical resource. These economic, political, and social barriers leave vast amounts of natural gas stranded in capped wells and remote storage facilities. GIE is writing “new rules” for natural gas to liquid fuel conversion and delivery which will dramatically change the world’s energy landscape and will positively impact US dependence on imported oil.
GREENWAY’S SOLUTION IS AN INNOVATIVE NEW TECHNOLOGY THAT WILL CHANGE THE OIL AND GAS INDUSTRY
The newly developed Greenway gas-to-liquid (GTL) solution offers the ability to monetize stranded natural gas in capped wells, remote storage facilities, or gas being flared into the atmosphere. The legacy GTL processes have been widely studied and documented for over 100 years, but these existing technologies have never performed in a reliable and economical way and cannot be delivered on a small scale. It is the economics of the process and scalability of the solution that GIE will revolutionize with intellectual property developed in association with the University of Texas at Arlington.
Greenway started working on GTL technology in 2009. Utilizing a concept introduced by the late Dr. Conrad Greer and further developed by Raymond Wright, the current President of Greenway Innovative Energy, Inc., the company designed an economical, scalable system to convert natural gas into liquid fuel. The company formed a diverse team of experts from both private enterprise and academia to advance the technology toward commercialization. After many years of research and improvements to the design and processes, GIE is proud to announce this breakthrough technology and to make it available for deployment. In order to demonstrate this innovative approach to GTL technology, a small-scale GTL system, representative of the company’s commercial design concept, was completed at UTA in April 2017. This prototypical plant successfully produced liquid diesel fuel from natural gas drawn from the city natural gas supply at UTA laboratory.