Well Power, a development-stage company positioning itself
as a technology company servicing oil and gas producers and operators, is
collaborating with ME Resource Corp. (“MEC”), the licensor of Well Power’s
Micro-Refinery Unit (“MRU”), to implement an MRU Pilot Project in the licensed
territory as part of the companies’ Licensing Agreement.
MRUs are implemented in close proximity to a wellhead to
process raw natural gas into liquid fuels and clean power. The Pilot Project
collaboration provides Well Power with direct access to a variety of MEC
resources, particularly those related to the design, development, engineering,
deployment, and integration of the MRU.
These resources include MEC’s affiliates and partners,
including MEC’s subsidiary, Waste Stream Energy Corp., which will lead the
development of the MRU.
MEC has also established a Research and Development Program
at École Polytechnique de Montreal’s Department of Chemical Engineering for the
MRU. This Development Program, under the supervision of Professor Gregory
Patience, P.Eng, is supported by a team of post-doctoral fellows and research
associates with a wide range of expertise, including catalysis and catalysis
design, gas processing, and reaction engineering.
Well Power intends to maintain all relationships throughout
the development of the MRU, and anticipates that the Development Program will
open the door for further optimization of efficiencies and will be able to
assist with continued integration of the technology with existing infrastructure
and monitoring.
The company says it will now seek a partner within the oil
& gas industry to study the specific characteristics of the operators
wasted natural gas.
For more information, visit www.wellpowerinc.com
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