FORT WORTH, Texas, Aug. 19, 2014 (GLOBE NEWSWIRE) -- UMED Holdings Inc., through its wholly-owned subsidiary Greenway Innovative Energy, Inc. (Greenway), provider of patented, mobile Gas-to-Liquids,(GTL) technology has entered into an exclusive agreement with a large multinational company for the technology to develop small-scale synthetic gas plants for its GTL Conversion Unit which converts natural gas into clean synthetic fuels.
The small scale synthetic gas plant, utilizing proprietary technology developed by the company and Greenway, will be a key component in the success of the GTL Conversion Units. These plants will be developed to create optimal synthetic gas to be converted in the Fischer-Tropsch reactor portion of the process, which will maximize output and yield of synthetic diesel and jet fuel. Ray Wright, Greenway President, said "This agreement allows us to partner with a recognized world leader in the creation of custom and synthetic gas as well as continuing innovation and development in these areas. " Greenway will also exclusively purchase from the company certain gases required in the conversion process.
About Greenway Innovative Energy, Inc.
Greenway Innovative Energy, Inc., located in Fort Worth, TX is comprised of oil and gas professionals developing mobile, small-scale Gas-to-Liquid (GTL) conversion units intended to take advantage of the abundant supply of natural gas resources throughout the world by way of improved and environmentally conscience technology. The advancement of this technology will enable natural gas producers to achieve stronger financial performance through conversion of natural gas to clean synthetic fuels. The conversion unit will be particularly useful in its application to stranded gas fields or stored gas facilities. Visit http://greenwaygtl.com to learn more.
About UMED Holdings, Inc.
UMED Holdings, Inc. is a publicly traded Fort Worth, Texas-based global diversified holding company that owns and operates businesses in a variety of industries including energy, oil and gas, aerospace, food and beverage, and mining. Visit http://umedholdings.com to learn more.
Forward Looking Statements
This document contains forward-looking statements and information as that term is defined in the Private Securities Litigation Reform Act of 1995, and, therefore, is subject to certain risks and uncertainties. There can be no assurance that the actual results, business conditions, business developments, losses and contingencies and local and foreign factors will not differ materially from those suggested in the forward looking statements as a result of various factors, including market conditions, competition, advances in technology and other factors.
Carmel Advisors, LLC Brian Barnes 858-314-3390 877-412-3025 (Toll Free) UMED Holdings, Inc. Investor Relations 817-346-6900