Walloon Lake, Mich.-based GasTechno says it has developed a single-step process to convert natural gas into liquid methanol that has the triple benefit of reducing the consumption of natural resources, the creation of emissions, and the cost of production. ... Dow Chemical and the University of Virginia have also said they are developing single-step technology to produce liquid methanol, but  Breidenstein said his company is ahead of the pack, giving it a market advantage.