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Greenway Technologies forms Qatar JV to deploy modular gas-to-liquids tech with 62.5% cash share

Company Fundamentals
09 Nov 2026, 19:59 WIB
GlobeNewsWire
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Bullish
Greenway Technologies forms Qatar JV to deploy modular gas-to-liquids tech with 62.5% cash share

Greenway Technologies has signed a binding joint venture agreement with Lone Star Al Serdal WLL to form GWTI Greenway Technologies Qatar, focusing initially on modular gas-to-liquids (GTL) technology deployment. The JV will be 51% owned by Lone Star and 49% by Greenway, but Greenway will receive 62.5% of the net distributable cash. This move aims to leverage Qatar's strong GTL market and infrastructure, disrupted recently by regional hostilities, by adding flexible, modular GTL capacity. The JV also explores future opportunities in gas-to-hydrogen and methanol production, with a structured 12-month plan to develop GTL projects and establish market presence.

Greenway Technologies' joint venture agreement in Qatar provides context for energy sector trends. For readers following the energy sector, here is Pluang's market snapshot as of Nov 09, 2026 23:31 WIB: 55 of 79 priced US energy stocks rose today. Notable movers include BTU at USD 16.94 (+5.68%), AROC at USD 29.06 (+5.52%), and DNN at USD 2.31 (+5.48%).

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