What changed in this filing

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Item 1. Business

2023-04-14 compared with 2022-04-11 · 23 added, 29 removed, 228 unchanged (19% of the section changed)

37 unchanged sentences

certain proprietary prior prescribed testing metrics.

July 23, 2019, we announced that Mabert LLC, a Texas limited liability company (“ Mabert ”), 100% owned by Kevin

Jones, acquired INFRA Technology Group’s U.S.

July 23, 2019, we announced that Mabert LLC, a Texas limited liability company (“ Mabert ”), 100% owned by Kevin Jones,

acquired INFRA Technology Group’s U.S.

GTL plant and technology located in Wharton, Texas (the “ Wharton Plan t”).

Mabert purchased the entire 5.2-acre site, plant and equipment, including INFRA’s proprietary FT reactor system and operating license

On August 29, 2019,

to further facilitate the commercialization process, we announced that Greenway entered into a joint venture with OPM Green Energy, LLC,

a Texas limited liability company (“ OPMGE ”), for a 42.857% ownership interest in OPMGE.

In exchange for its 42.857%

ownership of OPMGE, Greenway agreed to contribute a G-Reformer to the entity.

The other members of OPMGE are Mabert, which owns 42.857%

and Tom Phillips, our former Vice President of Operations for GIE, who owns 14.286%.

Additionally, OPMGE entered a LEASE AGREEMENT with

Mabert whereby OPMGE leased the Wharton Plant from Mabert.

Our involvement in OPMGE was intended to facilitate third-party certification

of our G-Reformer and related equipment and technology.

In addition, we anticipated that OPMGE’s operations would demonstrate that

the G-Reformer is a commercially viable technology for producing Syngas and marketable fuel products.

As the first operating GTL plant

to use our proprietary reforming technology and equipment, the Wharton Plant was initially expected to yield a minimum of 75 - 100 barrels

per day of gasoline and diesel fuels from converted natural gas.

August 29, 2019, to further facilitate the commercialization process, we announced that Greenway entered into a joint venture with OPM

Green Energy, LLC, a Texas limited liability company (“ OPMGE ”), for a 42.857% ownership interest in OPMGE.

for its 42.857% ownership of OPMGE, Greenway agreed to contribute a G-Reformer to the entity.

The other members of OPMGE are Mabert,

which owns 42.857% and Tom Phillips, our former Vice President of Operations for GIE, who owns 14.286%.

Additionally, OPMGE entered a

LEASE AGREEMENT with Mabert whereby OPMGE leased the Wharton Plant from Mabert.

Our involvement in OPMGE was intended to facilitate third-party

certification of our G-Reformer and related equipment and technology.

In addition, we anticipated that OPMGE’s operations would

demonstrate that the G-Reformer is a commercially viable technology for producing Syngas and marketable fuel products.

As the first operating

GTL plant to use our proprietary reforming technology and equipment, the Wharton Plant was initially expected to yield a minimum of 75

- 100 barrels per day of gasoline and diesel fuels from converted natural gas.

never transferred the G-Reformer to OPMGE, as required by the LIMITED LIABILITY COMPANY AGREEMENT OF OPM GREEN ENERGY, LLC.

3 unchanged sentences

removal and lawn maintenance

● Maintenance,

Repairs or Alterations

45 unchanged sentences

The front-end part of the GTL process is called “Gas

Reformation”.

The output of the Gas Reformer is compressed and fed through a secondary process, called Fischer-Tropsch (FT).

Reformation.” The output of the Gas Reformer is compressed and fed through a secondary process, called Fischer-Tropsch (FT).

secondary process is widely used in many forms in the chemical and oil industries.

7 unchanged sentences

based on Steam Methane reformation.

While many companies have tried to scale Steam Methane Reformation down for use in smaller, non-refinery

based GTL plants, they have been largely unsuccessful.

While many companies have tried to scale Steam Methane Reformation down for use in smaller, non-refinery-based GTL plants, they have been largely unsuccessful.

As a result, we can build self-sufficient GTL plants at virtually any location

10 unchanged sentences

The chemicals

which would be produced in the GTL plant would be vital to many industries including pharmaceutical, cosmetics, fragrances,

adhesives, and others.

which would be produced in the GTL plant would be vital to many industries including pharmaceutical, cosmetics, fragrances, adhesives,

The vast majority of these chemicals are produced in China.

Such dependency makes America captive to shortfalls

whether they are manufacturing related or intentional.

By making these chemicals in the USA, we reduce that dependency and keep the product,

the jobs, and the profits in America.

Such dependency makes America captive to shortfalls whether they

are manufacturing related or intentional.

By making these chemicals in the USA, we reduce that dependency and keep the product, the jobs,

and the profits in America.

of stringent environmental regulations by numerous governments to control pollution and promote cleaner fuel sources is expected to complement

113 unchanged sentences

Compared sentence by sentence after normalising whitespace, quotation marks, case and digits, so re-formatting and restated figures do not read as changed language. Wording changes appear as one removal and one addition. The current filing and the prior one are authoritative.

What changed 10-K

Item 1. Business