FORT WORTH, TX--(Marketwired - Aug 18, 2015) - UMED Holdings, Inc. (OTCQB: UMED), through its wholly-owned subsidiary Greenway Innovative Energy, Inc. (GIE), using its patented and proprietary technological advancements, announces advanced construction of a fully operational scaled model of their Gas-to-Liquids ("GTL") conversion unit. The working model will demonstrate the Company's unique patented reforming design that will produce syngas, without the need for expensive steam methane reformers, for the Fisher Tropsch unit. The working GTL model is being constructed so that it can easily be scaled up to the full 2,000 barrel per day unit.
Greenway will commercialize, market, and deploy these patented units for pipeline, stored natural gas facilities, and or stranded natural gas fields in the U.S. and Canada with a focus on producing high cetane rated synthetic fuels such as diesel and jet fuel.
Ray Wright, President of Greenway, said, "We have advanced the construction our first fully functional working model which will provide the Company with valuable data for the production of efficient full scale 2,000 barrels per day GTL Units. Greenway believes that its patented and proprietary mobile and fixed technology can fulfill one of this country's most important and immediate economic needs. With our full or small-scale units, we can capitalize on the abundant natural gas reserves in the U.S. and abroad. Producing our nation's much needed diesel and jet fuel under ground breaking 'totally green' conditions will establish a new standard for the oil and gas industry."
"With this patented proprietary technology, Greenway has the opportunity to be the leader in this rapidly growing industry, creating significant value for our shareholders," said Richard Halden, President of UMED Holdings, Inc.
About Greenway Innovative Energy, Inc.
Greenway Innovative Energy, Inc., a wholly-owned subsidiary of UMED Holdings, Inc. (OTCQB: UMED), located in Fort Worth, TX is comprised of oil and gas professionals developing small and full 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.
About UMED Holdings, Inc.
UMED Holdings, Inc. is a 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
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