Greenway Enters Joint Venture in U.S. Gas-To-Liquids Plant Agreement Provides Ownership Interest and Commercial Operations
The parties formed OPMGE to facilitate the creation of this joint venture, with Jones acting as OPMGEs Member Manager.
- The parties formed OPMGE to facilitate the creation of this joint venture, with Jones acting as OPMGEs Member Manager.
- OPMGE issued 700 units of its membership interests (Units) to initial members, Greenway, Mabert and Phillips.
- The Companys involvement in the joint venture is intended to facilitate the third-party certification of the Companys G-Reformer technology, related equipment and technology.
- In addition, the Company anticipates that the joint venture will demonstrate that the G-Reformer is a commercially viable technology for producing syngas and marketable fuel products.