Posted On: 02/11/2015 3:43:00 PM
Post# of 77
The Well Power, Inc. (WPWR) Initiative to Curb Global Gas Flaring
Houston-based Well Power holds exclusive licensing rights from ME Resource Corp., a Canadian company developing mobile and scalable wellhead Micro-Refinery Units (MRUs) deployable close to the wellhead as a means to process waste natural gas – such as vented or flared gas – into liquid fuels and clean power.
Well Power’s licensing rights cover the State of Texas and include the first right of refusal on the other U.S. states, a tremendous opportunity considering the global push toward reducing gas flaring and the associated negative impacts on the environment.
The billions of cubic meters of natural gas flared annually at oil production sites around the world result in approximately $10 billion of lost revenue and 400 million metric tons of CO2 equivalent global greenhouse gas emissions each year. Environmental degradation associated with gas flaring has been shown to have a significant impact on local populations, often resulting in loss of livelihood and severe health issues.
Well Power’s plan to address this growing global issue is to provide its technology in tandem with full-service engineering, design, construction, modular fabrication, and maintenance and construction management services to clients in the upstream areas of exploration and production. In addition, the company’s services will include consulting services, process assessments, facility appraisals, feasibility studies, technology evaluations, project finance structuring and support, and multi-client subscription services.
The company’s MRUs, currently in development, will provide the opportunity to turn a wasted resource into a product of value while at the same time enabling wider access to energy, improved environmental conditions, and economic development for local populations where gas flaring is prevalent. By eliminating legacy flaring and minimizing new flaring, Well Power is preparing to assume a vital role in the continual for sustainable resource development and energy efficiency.
For more information, visit www.wellpowerinc.com
Please see disclaimer on the QualityStocks website: http://Disclaimer.QualityStocks.com
Houston-based Well Power holds exclusive licensing rights from ME Resource Corp., a Canadian company developing mobile and scalable wellhead Micro-Refinery Units (MRUs) deployable close to the wellhead as a means to process waste natural gas – such as vented or flared gas – into liquid fuels and clean power.
Well Power’s licensing rights cover the State of Texas and include the first right of refusal on the other U.S. states, a tremendous opportunity considering the global push toward reducing gas flaring and the associated negative impacts on the environment.
The billions of cubic meters of natural gas flared annually at oil production sites around the world result in approximately $10 billion of lost revenue and 400 million metric tons of CO2 equivalent global greenhouse gas emissions each year. Environmental degradation associated with gas flaring has been shown to have a significant impact on local populations, often resulting in loss of livelihood and severe health issues.
Well Power’s plan to address this growing global issue is to provide its technology in tandem with full-service engineering, design, construction, modular fabrication, and maintenance and construction management services to clients in the upstream areas of exploration and production. In addition, the company’s services will include consulting services, process assessments, facility appraisals, feasibility studies, technology evaluations, project finance structuring and support, and multi-client subscription services.
The company’s MRUs, currently in development, will provide the opportunity to turn a wasted resource into a product of value while at the same time enabling wider access to energy, improved environmental conditions, and economic development for local populations where gas flaring is prevalent. By eliminating legacy flaring and minimizing new flaring, Well Power is preparing to assume a vital role in the continual for sustainable resource development and energy efficiency.
For more information, visit www.wellpowerinc.com
Please see disclaimer on the QualityStocks website: http://Disclaimer.QualityStocks.com
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