Well Power, Inc. (WPWR) Looks to Minimize Natural
Post# of 77
Posted On: 01/21/2015 5:39:34 PM
Well Power, Inc. (WPWR) Looks to Minimize Natural Gas Waste with New Technology
With an estimated 61% of homes throughout the country using natural gas as a fuel for heating or cooking efforts, according to the Energy Information Administration, the high degree of global natural gas waste is an increasingly concerning statistic. Through gas flaring practices associated with petroleum refining processes and industrial plants, Well Power, Inc. (OTCQB: WPWR) estimates that roughly the equivalent of the total amount of natural gas consumed annually for residential purposes throughout the United States is wasted. In other terms, five percent of total global gas production is lost as a result of outdated production and industrial practices.
In addition to economic concerns, the environmental impact of gas flaring can be troubling as well. With environmental scrutiny continuing to increase following recent events such as the oil spill in the Gulf of Mexico, finding new, environmentally friendly methods of byproduct reduction is more important than ever before for the oil and gas industry. Unlike impractical environmental solutions that vastly increase costs and maintenance, Well Power is working to produce an environmentally-friendly alternative that has the potential to produce considerable savings over the life of a project.
The company, through proprietary technological solutions, is testing a new way to process the natural gas lost through flare systems and similar operations into clean power and engineered fuels. Using a custom Micro-Refinery Unit, the company aims to combine proven technologies in order to capture and process the raw natural gas onsite with a scalable, mobile and cost effective solution. With this technology, Well Power could have the capability to turn undervalued gas emissions including stranded, shut-in, wasted, flared, vented and otherwise associated gas into more valued end products, such as Engineered Fuels™, electric power and heat, with minimized environmental impact.
Well Power has previously secured licensing rights in Texas, as well as first right of refusal on other U.S. states, for its Micro-Refinery Unit. With remaining regulatory issues and operational concerns needing to be addressed before full implementation, the company is currently seeking an appropriate industry partner with whom to launch the project.
For more information, visit www.wellpowerinc.com
Please see disclaimer on the QualityStocks website: http://Disclaimer.QualityStocks.com
With an estimated 61% of homes throughout the country using natural gas as a fuel for heating or cooking efforts, according to the Energy Information Administration, the high degree of global natural gas waste is an increasingly concerning statistic. Through gas flaring practices associated with petroleum refining processes and industrial plants, Well Power, Inc. (OTCQB: WPWR) estimates that roughly the equivalent of the total amount of natural gas consumed annually for residential purposes throughout the United States is wasted. In other terms, five percent of total global gas production is lost as a result of outdated production and industrial practices.
In addition to economic concerns, the environmental impact of gas flaring can be troubling as well. With environmental scrutiny continuing to increase following recent events such as the oil spill in the Gulf of Mexico, finding new, environmentally friendly methods of byproduct reduction is more important than ever before for the oil and gas industry. Unlike impractical environmental solutions that vastly increase costs and maintenance, Well Power is working to produce an environmentally-friendly alternative that has the potential to produce considerable savings over the life of a project.
The company, through proprietary technological solutions, is testing a new way to process the natural gas lost through flare systems and similar operations into clean power and engineered fuels. Using a custom Micro-Refinery Unit, the company aims to combine proven technologies in order to capture and process the raw natural gas onsite with a scalable, mobile and cost effective solution. With this technology, Well Power could have the capability to turn undervalued gas emissions including stranded, shut-in, wasted, flared, vented and otherwise associated gas into more valued end products, such as Engineered Fuels™, electric power and heat, with minimized environmental impact.
Well Power has previously secured licensing rights in Texas, as well as first right of refusal on other U.S. states, for its Micro-Refinery Unit. With remaining regulatory issues and operational concerns needing to be addressed before full implementation, the company is currently seeking an appropriate industry partner with whom to launch the project.
For more information, visit www.wellpowerinc.com
Please see disclaimer on the QualityStocks website: http://Disclaimer.QualityStocks.com
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