FORT WORTH, TX--(Marketwired - Jul 14, 2015) - UMED Holdings, Inc. (OTCQB: UMED), through its wholly-owned subsidiary Greenway Innovative Energy, Inc. (GIE), using its patented and proprietary technological advancements, has begun the process of constructing a fully operational scaled model of their Gas-to-Liquids ("GTL") conversion unit. The working model will confirm the Company's unique patented reforming design that will produce, without the need for expensive steam methane reformers, the syngas for the Fisher-Tropsch unit that will convert the syngas to diesel and jet fuel. 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 (liquid fuels derived from natural gas or synfuels) such as diesel and jet fuel.
Ray Wright, President of Greenway said, "We are extremely excited to begin the process of constructing 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 technology can fulfill one of this country's most important and immediate economic needs. With our full or small-scale, truly mobile units, we can capitalize on the abundant natural gas reserves in the U.S. and abroad. Producing our nations much needed diesel and jet fuel under ground breaking 'green' conditions will establish a new standard."
"With this patented proprietary technology, Greenway has a tremendous 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 mobile, 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. Visit http://greenwaygtl.com to learn more.
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
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.