GRT, Inc. Announces It Has Entered Into An Agreement For The Further Development Of Technology For Natural Gas Conversion To Liquid Fuels
SANTA BARBARA, Calif.-- (BUSINESS WIRE) -- GRT, Inc., a Delaware corporation, announced today that it has entered into agreements with Marathon GTF Technology, Ltd., a wholly-owned subsidiary of Marathon Oil Corporation, to cooperate on the advancement of technology for the conversion of natural gas into transportation fuels. In addition, Marathon has acquired a 20 percent interest in GRT.
"GRT is working on developing cost-effective technology that utilizes natural gas at sites where it is presently flared or otherwise stranded from the energy market," said Eric McFarland, Chief Executive Officer and President of GRT.
GRT's mission is the development and commercialization of new fuel and chemical production processes based on its core technology. GRT aims to commercialize processes in both the fuels and the chemicals markets. Founded in 1999, GRT is headquartered in Santa Barbara, California. For further information, please visit www.grt-inc.com.
Jeffrey H. Sherman, Ph. D.
Vice President, Strategy and Business Development
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