GRI Merger with IGT Creates Gas Technology Institute
"Our focus is still on technology related to finding, delivering and using natural gas," said John F. Riordan, President and CEO of GTI. "But we are now a broader and deeper 'one-stop' technology organization, able to help a wider range of customers meet their technology needs."
He noted that GTI will continue to manage a cooperative R&D program of broad value to gas customers and the gas industry through 2004, using funds authorized by the Federal Energy Regulatory Commission (FERC). On June 1, the company filed its application for a $70 million program in 2001 with the FERC. Final review of the application is expected in October.
At the same time, Riordan pointed out, GTI is also working to develop new business with individual companies and other organizations ready to invest in projects, products and services designed to meet their business objectives.
In broad terms, GTI will have two lines of business. The first offers:
- program management, not only of FERC projects, but also of programs funded voluntarily by the utility industry and government agencies
- research and technical services, specializing in gas operations, combustion, power generation, environmental remediation, gas processing, and process engineering
- technology development and field services for gas producers, including expertise in drilling test services, emerging resources, field diagnostics, and produced water management
- educational courses, seminars and workshops for gas industry personnel and others, as well as development of advanced "e-learning" technology.
GTI also has a technology investment business – a wholly owned subsidiary designed to bring advanced technology to the market and to provide returns to GTI. It works with individual companies and organizations under a variety of business arrangements to achieve this goal. It has current major holdings in waste and renewable energy processes, distributed power generation (including fuel cells), space heating and appliances, and information and e-commerce businesses.
Reporting to Riordan as President of this subsidiary is William Burnett. Burnett served GRI for more than 20 years in various senior management positions. Other members of the GTI senior management team, reporting to Borys, are:
- Marlon McClinton, Vice President, Program Management
- Peter Barone, Vice President, FERC Support
- James Dunne, Chief Financial Officer and Vice President for Administration
- Terry Keane, Vice President, E&P Services
- Robert Stokes, Vice President, Research and Deployment
- Michael Dugan, Vice President, Education.
Edited by Stephen Heiser