Greenway Technologies, an Arlington-based advanced gas-to-liquids and gas-to-hydrogen technology development company has named Robert Kevin Jones as president of the company.
Jones, 59, is one of Greenway’s largest shareholders, the company said. Jones was elected to the board last month.
Greenway said Jones has invested “considerable personal capital” into the company and raised additional capital from investors. He brings his skills and personal connections to the company, which the board of directors believes will serve the company well. Greenway said that Jones wants to help lead the company from its pre-revenue state to a “prosperous and profitable enterprise.”
Jones has more than 35 years of business leadership experience, having founded and grown his company into one of the largest healthcare construction sector providers for 23 years, with revenues of nearly $100 million until his departure in 2021.
Developing systems in association with UT Arlington
Via its wholly-owned subsidiary, Greenway Innovative Energy Inc., the company is researching and developing proprietary GTL and GTH systems in association with the University of Texas at Arlington. Greenway said these relatively small systems can be scaled to meet the natural gas supply wherever it is available.
The company said its patented technology has been integrated into its patented commercial G-Reformer unit, the core of a system that can be used to make hydrogen, or, when combined with a Fischer-Tropsch unit, liquid fuels (GTL), including diesel fuel blend stock, with an associated variety of valuable long-chain hydrocarbon chemicals or methanol.
Greenway said that in addition to a robust return on investment, the systems solve a critical problem by enabling conventional transportation of the liquid offtake or by creating hydrogen at the point of consumption. GTL can convert stranded gas to a liquid that can be transported by conventional logistical methods, eliminating the need for a pipeline where none exists.
With GTH systems, the hydrogen can be created at the point of use, removing the costly need to compress and transport centrally created hydrogen, the company added. Greenway said the unit does this in either case with “unequaled efficiency and no airborne carbon emissions.”
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