What changed in this filing

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Item 1. Business

2025-03-11 compared with 2024-07-16 · 35 added, 32 removed, 190 unchanged (26% of the section changed)

45 unchanged sentences

applications.

December 8, 2020, the Company announced an exclusive worldwide patent licensing agreement with the University of Texas at Arlington (UTA)

for all patent applications currently filed with the Patent and Trademark Office relating to GWTI’s natural gas reforming technologies

developed under its sponsored research agreement with UTA.

December 8, 2020, the Company announced an exclusive worldwide patent licensing agreement with UTA for all patent applications currently

filed with the Patent and Trademark Office relating to GWTI’s natural gas reforming technologies developed under its sponsored

research agreement with UTA.

December 15, 2020, the Company announced additional information regarding valuable outputs produced by the company’s proprietary

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The chemical outputs include n-Hexane,

n-Heptane, n-Octane, n-Decane, n-Dodecane, and n-Tridecane.

Alcohols produced include ethanol and methanol.

The company has identified

worldwide industrial demand for these outputs which will significantly improve the economic return on investment (ROI) of GTL plants

that are based on GWTI’s technology.

GWTI is a development-stage company with plans to commercialize its unique and patented technology.

n-Heptane, n-Octane, n-Decane, n-Dodecane, Tridecane and other long-chain hydrocarbons.

Produced alcohols include ethanol and methanol.

The company has identified worldwide industrial demand for these outputs which will significantly improve the economic return on investment

(ROI) of GTL plants that are based on GWTI’s technology.

GWTI is a development-stage company with plans to commercialize its unique

and patented technology.

we believe that our proprietary G-Reformer is a major innovation in gas reforming and GTL technology in general.

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cannot be easily deployed at field sites to process associated gas, stranded gas, coal-bed methane, vented gas, or flared gas.

technology for the G-Reformer is unique, because it permits for transportable (mobile) GTL plants with much smaller footprints, compared

technology for the G-Reformer is unique, because it permits transportable (mobile) GTL plants with much smaller footprints, compared

to legacy large-scale technologies.

Thus, we believe that our technologies and processes will allow for multiple small-scale GTL plants

to be built with substantially lower up-front and ongoing costs, resulting in more profitable results for oil and gas operators.

to be built with substantially lower up-front and ongoing costs, resulting in more profitable results for operators.

Industry –Market

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initial ROI studies of the market for high purity chemicals that we produce can provide incredibly rapid payback of investments.

be noted the vast majority of these chemicals produced are made in China.

Further, because they originate from a barrel of oil at a refinery,

they are much lower in purity.

be noted the vast majority of these chemicals produced are currentlymade in China.

Further, because they originate from a barrel of oil

at a refinery, they are much lower in purity.

created by the GTL process include High Cetane Diesel, Naphtha, Technical Grade Water, and high value, high purity chemicals.

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More information can be found under the EPA’s New Source Performance Standards which are published under 40 CFR 60.

to Research Nester in July 2023, key industry players include:

Shell, Chevron, Exxon, PetroSA, Qatar Petroleum, Sasol, Velocys, ENI S.p.A..

In terms of global production and consumption, Shell had the largest market share in 2023, with virtually all current production located

Our technology is not designed to compete with the large refinery-size GTL plants operated by such large industry operators.

Our plants are designed to be scaled to meet individual gas field production requirements on a distributed and mobile basis.

to a report released in July 2019 by the Global Gas Flaring Reduction Partnership (“GGFRP”), there are currently only 5 small-scale

GTL plant technologies that have been proven and are now available for flared gas monetization available in the U.S., including:

(“Flare to Fuels”);

to Research and Markets in late 2024, key industry players include:

Shell, Chevron, PetroSA, Qatar Petroleum, Sasol, Statoil

ASA, Velocys, ENI S.p.A..

In terms of global production and consumption, Shell had the largest market share in 2024, with virtually all

current production located overseas.

Our technology is not designed to compete with the large refinery-size GTL plants operated by such

large industry operators.

Our plants are designed to be scaled to meet individual gas field production requirements on a distributed

and mobile basis.

According to a report released in July 2019 by the Global Gas Flaring Reduction Partnership (“GGFRP”),

there are currently only 5 small-scale GTL plant technologies that have been proven and are now available for flared gas monetization

available in the U.S., including:

Greyrock (“Flare to Fuels”);

Advantage Midstream (licensing Greyrock technology);

EFT (“Flare Buster”);

Primus GE and

GasTechno (“Methanol in a Box”).

We were not a direct part of this study, as we had not received 3rd party certification

of our proprietary technology as of the date of this report.

Primus GE and GasTechno (“Methanol in a Box”).

We were not a direct part of this study, as we had not received

3rd party certification of our proprietary technology as of the date of this report.

the GGFRP report mentioned us as follows, “Greenway Technologies announced on July 23, 2018 that Mabert LLC, a major investor in

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including for “fundamental actions,” as such term is defined by the Texas Business Organizations Code (the “ TBOC ”).

To resolve any such potential errors, we called a special meeting of the Shareholders to be held December 11, 2019, in Arlington,

To resolve any such potential errors, we called a special meeting of the Shareholders to be held December 11, 2019, in Arlington, Texas.

December 11, 2019, we held a special meeting of the Shareholders to approve four proposals.

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Schedule 14A filed with the SEC on November 19, 2019 and incorporated herein by reference.

of the filing date of this Form 10-K, we have two (2) full-time employees.

of the filing date of this Form 10-K, we have three (3) full-time employees.

Certain of these employees receive no compensation or compensation

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For the year ended December 31, 2024, we incurred a net loss

of $1,580,735 and used $302,663 in net cash for operating activities.

of $1,513,568 and used $444,223 net cash for operating activities.

The ability of the Company to continue as a going concern is in

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the Company’s current cash position is not sufficient to support its ongoing daily operations and requires the Company to raise

addition capital through debt and/or equity sources.

additional capital through debt and/or equity sources.

our ability to continue as a going concern is therefore in doubt and dependent upon achieving a profitable level of operations or on

4 unchanged sentences

will provide us the opportunity to continue as a going concern.

we are attempting to commence operations and generate revenues, our cash position may not be enough to support our daily operations.

we are attempting to commence operations and generate revenues, our cash position may not be sufficient to support our daily operations.

Management intends to raise additional funds by way of a public or private offering.

6 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