Well Power uses
proprietary, mobile technology that can be deployed with minimal capital
expense to process waste natural gas, such as vented, flared or stranded gas
into “clean power” and engineered fuels. The license will allow Well Power to
provide its technology with full-service engineering, design, construction,
modular fabrication, maintenance and construction management services to
clients in the demanding areas of exploration and production. Other noteworthy
offerings include consulting services, process assessments, facility
appraisals, feasibility studies, technology evaluations, project finance
structuring, and multi-client subscription services.
In partnership
developing economical, mobile, and scalable Micro-Refinery Units (MRU’s) to
process raw, natural gas into Green Fuel and clean power, Well Power uses this
assembly of proven commercial technologies with a proprietary micro-reactor
system for hydrocarbon processing and catalytic reactions. This unique system
is vital for enabling the MRU to be an economical and transportable solution.
MRU’s are flexible, scalable, modular, mobile, cost effective, and energy
efficient.
With 5% of global
gas production being wasted, gas flaring reduction promises to be a great
energy and environmental success story within the next five years. Well Power
is on the verge of leveraging its position to be a central player in this
arena. For the oil and gas industry, environmental scrutiny is on the rise as a
result of recent events like the BP spill in the Gulf of Mexico. Finding the
right partnerships to eliminate legacy flaring and minimize new flaring is a
chance for the industry to take a leadership role on sustainable resource
development and energy efficiency. For producer governments, flare reduction is
an opportunity to create value from a wasted resource and enable wider access
to energy, improved environmental conditions, and economic development for
local populations. Successful efforts to reduce flaring will benefit local
communities, provincial and national governments, and the entire planet.
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. Further, environmental
degradation associated with gas flaring shows indications of having a
significant impact on local populations, often resulting in loss of livelihood
and severe health issues. Well Power is eager to leverage its market leadership
position to provide common-sense solutions to this problem.
For more
information, visit www.WellPowerInc.com
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