Well Power has secured the licensing rights to Texas with the first right
of refusal on the other US states to a new technology solution to process waste
natural gas, such as vented, flared or stranded gas, into “clean power” and
engineered fuels, including no-sulphur diesel and diluents. Based on
proprietary technology, this solution is mobile, high-yield and can be deployed
with minimum capital expenditure.
The company plans to be able to provide its technology with full-service
engineering, design, construction, modular fabrication, maintenance and
construction management services to clients in the upstream areas of
exploration and production. Well Power will also offer consulting services,
process assessments, facility appraisals, feasibility studies, technology
evaluations, project finance structuring and support, and multi-client
subscription services.
Approximately 2.4 million barrels of oil equivalent is wasted each day by
gas flaring alone, resulting in $10 billion of lost revenue and 400 million
metric tons of CO2 equivalent global greenhouse gas emissions each year.
Additionally, 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) offers 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 flaring, the
company is well positioned to take a leadership role in the ongoing push for
sustainable resource development and energy efficiency.
Let us hear your thoughts: Well Power Inc. Message Board
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