Well Power, Inc.’s (WPWR) Novel Solution Convert
Post# of 77
Posted On: 04/27/2015 7:08:12 PM
Well Power, Inc.’s (WPWR) Novel Solution Converts Waste Gas into Clean Power
Through a licensing agreement with ME Resource Corp. (“MEC”), Houston-based Well Power has devised a plan to assist in the development of a solution to process otherwise wasted natural gas and produce engineered fuel and electrical power. The end result addresses one of the most challenging energy and environmental problems facing the world today.
Well Power has an exclusive license for MEC’s mobile and scalable Wellhead Micro-Refinery Units (MRUs) which process raw natural gas into liquid fuels and clean power. MEC’s solution simultaneously reduces CO2 emissions and creates revenue streams with minimal capital expenditure.
Each MRU is an assembly of proven commercial technologies with a proprietary micro-reactor system for hydrocarbon processing and catalytic reactions. According to Well Power’s description, this novel system is the key technology component which enables the MRU to be an economically viable and transportable solution.
The demand for such technology echoes global concern over the fact that approximately 150 billion cubic meters of natural gas are flared into the atmosphere each year, contributing 400 million metric tons of CO2-equivalent greenhouse gas emissions. These emissions are linked to environmental degradation as well as loss of livelihood and severe health issues for populations located around gas flaring wells.
With the right technology, Well Power believes significant gas flaring reduction can be achieved within the next five years. Flare reduction creates the opportunity to create value from a wasted resource while enabling wider access to energy, improved environmental conditions, and economic development for local populations. Success in these efforts will benefit local communities, provincial and national governments, and the global environment.
Upon final development, Well Power intends to market the MRUs to oil and gas producers and operators in the State of Texas and from there into other geographical areas. Development of the MRUs is ongoing, with the first fully developed product expected to occur this year.
For more information, visit www.wellpowerinc.com
Please see disclaimer on the QualityStocks website: http://Disclaimer.QualityStocks.com
Through a licensing agreement with ME Resource Corp. (“MEC”), Houston-based Well Power has devised a plan to assist in the development of a solution to process otherwise wasted natural gas and produce engineered fuel and electrical power. The end result addresses one of the most challenging energy and environmental problems facing the world today.
Well Power has an exclusive license for MEC’s mobile and scalable Wellhead Micro-Refinery Units (MRUs) which process raw natural gas into liquid fuels and clean power. MEC’s solution simultaneously reduces CO2 emissions and creates revenue streams with minimal capital expenditure.
Each MRU is an assembly of proven commercial technologies with a proprietary micro-reactor system for hydrocarbon processing and catalytic reactions. According to Well Power’s description, this novel system is the key technology component which enables the MRU to be an economically viable and transportable solution.
The demand for such technology echoes global concern over the fact that approximately 150 billion cubic meters of natural gas are flared into the atmosphere each year, contributing 400 million metric tons of CO2-equivalent greenhouse gas emissions. These emissions are linked to environmental degradation as well as loss of livelihood and severe health issues for populations located around gas flaring wells.
With the right technology, Well Power believes significant gas flaring reduction can be achieved within the next five years. Flare reduction creates the opportunity to create value from a wasted resource while enabling wider access to energy, improved environmental conditions, and economic development for local populations. Success in these efforts will benefit local communities, provincial and national governments, and the global environment.
Upon final development, Well Power intends to market the MRUs to oil and gas producers and operators in the State of Texas and from there into other geographical areas. Development of the MRUs is ongoing, with the first fully developed product expected to occur this year.
For more information, visit www.wellpowerinc.com
Please see disclaimer on the QualityStocks website: http://Disclaimer.QualityStocks.com
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