Greenway Technologies Inc (OTC: GWTI) is an energy technology company that develops proprietary gas-to-liquid (GTL) conversion technology for oil and gas operators. Revenue is intended to come from licensing its G-Reformer technology and entering joint ventures or other capital arrangements to build small-scale GTL plants for third-party customers, though as of the 10-K filed April 15, 2026, no commercial revenue from this model had been disclosed. The company's core asset is the G-Reformer, a transportable GTL system based on the Fractional Thermal Oxidation process, which converts associated gas, stranded gas, coal-bed methane, vented gas, or flared gas into liquid fuels, syngas, methanol, and hydrogen. GWTI holds U.S. Patents 8,574,501 B1 (issued November 5, 2013) and 8,795,597 B2 (issued August 5, 2014), plus additional pending domestic and international patent applications. As of December 31, 2025, the company carried an accumulated deficit of $41,330,906, incurred a net loss of $1,957,734 for FY2025, and had four full-time employees. A going concern flag is disclosed in the FY2025 financial statements.

Revenue model

Licensing and joint venture arrangements for GTL plant construction are the stated revenue model. As of the 10-K filed April 15, 2026, no commercial licensing revenue is disclosed. The company is in discussions with oil and gas operators to license the G-Reformer technology or secure joint venture funding for its first third-party customer GTL plant.

Products and services

G-Reformer: a transportable, small-footprint gas-to-liquid conversion system based on the proprietary Fractional Thermal Oxidation process, converting natural gas feedstocks (associated gas, stranded gas, coal-bed methane, vented gas, flared gas) into liquid fuels, syngas, methanol, and hydrogen. GIE (acquired August 2012) holds the underlying patents and trade secrets.

Customers and end markets

Target customers are oil and gas operators seeking to process associated, stranded, or flared gas at field sites. No named customers or executed commercial contracts are disclosed in the 10-K filed April 15, 2026.

Value-chain role

Technology developer and licensor positioned upstream of plant construction. GWTI develops and patents GTL conversion processes, then seeks to license or joint-venture with operators and capital partners to build and operate plants. It does not operate commercial GTL plants as of the filing date.

Geographic exposure

Incorporated in Texas. GTL technology demonstrated at the Conrad Greer Laboratory at the University of Texas at Arlington. No commercial geographic footprint is disclosed in the 10-K filed April 15, 2026.

Source: SEC 10-K, filed 2026-04-15

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