Business News • MarketWire • UMED Holdings, Inc. Announces Raise of $1,000,000 to Complete the Funding of the F. Conrad Greer Lab at The University of Texas at Arlington and Construct a Fully Operational Scaled Model Gas-to-Liquids (GTL) |
UMED Holdings, Inc. Announces Raise of $1,000,000 to Complete the Funding of the F. Conrad Greer Lab at The University of Texas at Arlington and Construct a Fully Operational Scaled Model Gas-to-Liquids (GTL) |
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UMED Holdings, Inc. Announces Raise of $1,000,000 to Complete the Funding of the F. Conrad Greer Lab at The University of Texas at Arlington and Construct a Fully Operational Scaled Model Gas-to-Liquids (GTL)
FORT WORTH, TX--(Marketwired - Aug 19, 2016) - UMED Holdings, Inc. (OTCQB: UMED), through its wholly-owned subsidiary Greenway Innovative Energy, Inc. (GIE), using its patented and proprietary technological advancements, announces that it has raised $1,000,000 to complete the funding of the F. Conrad Greer Lab at The University of Texas at Arlington ("UTA") and construct a fully operational scaled model of their Gas-to-Liquids ("GTL") conversion unit in the lab at UTA. The working model, projected to be operational by the end of October 2016, 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 which will produce 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.
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