Struggling
to keep the pace of the nation’s high production rates for oil and natural gas,
several states in the union demonstrate subpar handling of natural gas that
often streams in large volumes with the crude. On a broader scale, a growing
conglomeration of studies stacks up in agreement with a Stanford study that
suggests that “U.S. emissions of methane are considerably higher than official
estimates. Leaks from the nation’s natural gas system are an important part of
the problem.”
Gas
flaring is the controlled burning of natural gas that cannot be capture and
returned to the system for processing. Approximately 150 billion cubic meters
of natural gas are flared annually around the world, representing a tremendous
waste of natural resources and churning 400 million metric tons of CO2
equivalent global greenhouse emissions, including methane.
Consequently,
environmental degradation is linked to gas flaring, resulting in significant
impact on local populations via loss of livelihood and severe health issues.
Sadly, money often speaks louder than morals. And for that translation,
billions of dollars’ worth of gas each year is being wasted through gas
flaring.
As part of
Obama’s Climate Action Plan, the White House and the Environmental Protection
Agency (EPA) are working to define a preliminary strategy to curb methane
emissions from a variety of industries, including landfills, agriculture and
fossil fuel. As part of this plan, if the EPA can identify what kind of
regulations will be effective and in compliance with the Clean Air Act, the new
rules must be set by the end of 2016.
In North
Dakota, where gas flared in the Bakken oil field has nearly tripled in the last
three years, new rules aimed at cutting the waste took effect in June and are
expected to cut natural gas production flared from 28% in May to 10% in 2020.
Furthermore, the North Dakota Industrial Commission will soon require that
companies submitting drilling permit applications explain how they will limit
flaring – if it’s not up to par with commission standards, the state can impose
limits on oil production.
As
state-level and federal-level government take action, innovative companies in
the energy industry are preparing to offer viable solution to meet reduction
standards.
Dr.
Christian Neagoe, director and CEO of Houston-based Well Power Inc.,
specializes in the design of industrial processes, including sizing reactors,
distillation and extraction columns, heat exchangers and pumps, as well as mass
and energy balance and energy optimization.
Under his
leadership and in partnership with ME Resource Corp., Well Power is developing
proprietary technology designed to process wasted raw natural gas, including
shut-in and flared gas, into Engineered FuelsTM and electric power.
These
Micro Refinery Units (MRUs) have the potential to address the global concerns
and dollar-value waste as a solution to process waste natural gas into “clean
power” and engineered fuels, including no-sulphur diesel and diluents.
The plan
is to provide the technology to clients in the upstream areas of exploration
and production, offering full-service engineering, design, construction,
modular fabrication, maintenance and construction management services, as well
as consulting services, process assessments, facility appraisals, feasibility
studies, technology evaluations, project finance structuring and support, and
multi-client subscription services.
Well
Power’s MRUs provide incredible opportunity to cultivate value from a wasted
resource while improving environmental conditions and economic development for
local populations. Aligned with the ongoing push for sustainable and
environmentally friendly resource development, Well Power is strongly
positioned to take a leadership role in addressing a huge gap in energy production
and efficiency.
For more
information, visit www.wellpowerinc.com
About QualityStocks
QualityStocks is committed to connecting subscribers with companies that have huge potential to succeed in the short and long-term future. We offer several ways for investors to find, evaluate, and learn more about investing in these companies.
QualityStocks is committed to connecting subscribers with companies that have huge potential to succeed in the short and long-term future. We offer several ways for investors to find, evaluate, and learn more about investing in these companies.
Sign up for “The QualityStocks Daily Newsletter” at www.QualityStocks.net
The Quality Stocks Daily Blog http://blog.qualitystocks.net
The Quality Stocks Daily Videos http://videocharts.qualitystocks.net
The Quality Stocks “Ones to Watch” http://gotstocks.qualitystocks.net
Please see disclaimer on the QualityStocks website: http://disclaimer.qualitystocks.net
No comments:
Post a Comment