Greenway Technologies signs LOI with GME Hydro for two G-Reformer units to produce hydrogen for power generation

GREENWAY TECHNOLOGIES, INC. & SUBSIDIARIES

Two G-Reformer units will produce ~10,800 kg carbon-free hydrogen to fuel 10 MW electrical generators.
GME will use on-site pipelines and combine 25% renewable natural gas, eligible for Federal Clean Air Act Credits.
GME will purchase, install, and operate units; liquified carbon by-product sold for additional revenue.
In conjunction with LOI, GME will invest in GWTI via purchase of restricted stock.

item 1.01

Key facts

Extracted from this filing and checked against the source text.

Material Agreements SEC 8-K Item 1.01/1.02 confidence 0.9

GREENWAY TECHNOLOGIES, INC. & SUBSIDIARIES entered into Letter of Intent with GME Hydro LP (effective 2023-10-13).

Action: entry
Counterparty: GME Hydro LP
Effective: 2023-10-13

Exact text from the filing

On October 13, 2023, Greenway Technologies, Inc., a Texas corporation (“GWTI”) entered into a Letter of Intent (“LOI”) with GME Hydro LP (“GME”), a Limited Partnership registered in the State of Pennsylvania.

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Source: SEC EDGAR

accession 0001493152-23-037806

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