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GREENWAY TECHNOLOGIES SIGNS BINDING QATAR JOINT VENTURE AGREEMENT TO ADVANCE MODULAR GTL DEPLOYMENT
GlobeNewswire Inc.·
Greenway Technologies (GWTI) announced a binding pre-incorporation joint venture agreement with Qatar-based Lone Star Al Serdal to establish GWTI Greenway Technologies Qatar. The joint venture will focus on developing and deploying Greenway's modular gas-to-liquids (GTL) technology in Qatar, with future opportunities for hydrogen and methanol production. Greenway will own 49% of the company but receive 62.5% of net distributable cash. The agreement includes a structured 12-month commercialization program with performance targets including three strategic introductions within 90 days and two proof-of-concept opportunities by month six.
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