UMED Holdings Inc. (OTCQB:UMED), through its wholly owned subsidiary Greenway Innovative Energy Inc. (GIE), reports that the US Patent and Trademark Office has issued US Patent 8,574,501 covering the company’s mobile gas-to-liquids (GTL) conversion unit for the purpose of converting natural gas to clean synthetic fuels.
Greenway will commercialize, market, and deploy these patented units for pipeline, stored natural gas facilities, and stranded natural gas fields in the US and Canada, with a focus on producing synthetic fuels (liquid fuels derived from natural gas or synfuels) such as diesel oil and jet fuel.
The mobile conversion units will encompass several proprietary technological advancements that incorporate progressive developments in engineering, manufacturing, design fabrication, and tooling. Each unit will enable an efficient F-T synthesis gas conversion to a liquid hydrocarbon (synthetic fuel) on the surface of a heterogeneous catalyst confined to very small spaces.
Because the unit is a platform for a highly exothermic chemical reaction with uniform and consistent catalytic contact, it will be relatively inexpensive to operate, dependable, long lived, and highly autonomous, requiring minimal oversight. Due to their unique mobility, the conversion units will offer tremendous flexibility in placement options and significantly lower operating costs while creating high returns on invested capital.