A Fort Worth alternative energy company focused on converting natural gas for use as high-grade diesel and jet fuel has committed $750,000 to establish the F. Conrad Greer Lab at UTA.
The gift from Greenway Innovative Energy will allow Brian Dennis, a professor in the Mechanical and Aerospace Engineering Department, and Fred MacDonnell, professor and chair in the Chemistry and Biochemistry Department, to conduct research focused on exponentially increasing fuel production through their innovative conversion process.
The gift honors the legacy of F. Conrad Greer, an internationally recognized petroleum engineer and chemist who is known for his extensive work in the evaluation of oil and gas properties, reservoir engineering, development of enhanced oil recovery methods, and development of industrial catalyst.
Greer, who recently retired as Greenway's chief executive officer, is a longtime UTA supporter. He came up with the concept for Greenway as he watched natural gas exploration and production in the United States soar over the past two decades.
"The explosion in the supply of natural gas opened the door to pursue the exploration of changing natural gas into liquid diesel and jet fuel with an innovative approach," says Raymond Wright, Greenway's founder and current CEO.
"The approach UTA has developed in conjunction with Greenway makes for the cleanest, most environmentally friendly method of converting supplies to ready-to-market fuel," Wright says.
Greenway Innovative Energy is a subsidiary of Fort Worth-based UMED Holdings Inc., which previously worked with the University on pioneering portable, small-scale units that can convert natural gas to liquids, such as diesel oil and jet fuel.