Well Power, Inc.’s (WPWR) MRU Technology Positio
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Through a strategic licensing agreement, Well Power has the rights to Texas, along with the first right of refusal on the other U.S. states, to a new technology solution designed to process waste natural gas into “clean power” and engineered fuels.
Each day, roughly 2.4 million barrels of oil equivalent is wasted by gas flaring alone, resulting in billions of lost revenue and churning out 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 Micro Refinery Unit (MRU) is a mobile, high-yield solution that provides the opportunity to create value from a wasted resource while simultaneously enabling wider access to energy, improved environmental conditions, and economic development for local populations.
By eliminating legacy flaring and minimizing new gas flaring, Well Power is strongly positioned to benefit from the worldwide push for sustainable resource development and energy efficiency without the harmful effects on the environment and human health. Well Power intends to offer its technology along with full-service engineering, design, construction, modular fabrication, maintenance and construction management services to clients in the upstream areas of exploration and production.
To further optimize efficiency, the company will also offer consulting services, process assessments, facility appraisals, feasibility studies, technology evaluations, project finance structuring and support, and multi-client subscription services.
For more information visit www.wellpowerinc.com
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