Thursday, July 17, 2014

Well Power Inc. (WPWR) to Highlight Proprietary Technology for Processing Waste Natural Gas

Following extensive interest from oil and gas industry professionals at Well Power’s earlier webinar on its proprietary Micro-Refinery Unit, the company has announced an additional presentation that will be open to the public. The new webinar will take place during the week of July 28th, 2014, with final date, time, and log-in details to be given to participants upon signup.

Well Power, based in Houston, has acquired an exclusive distribution license from ME Resource Corp., Vancouver-based developer of a technology that can process waste natural gas into useable clean fuels, such as no-sulfur diesel. Waste natural gas is a major energy industry problem, representing significant losses as excess natural gas generated during oil production is vented, burned off in flares, or simply left stranded, due to an inability to cost effectively process it.

It is estimated that global gas flaring amounts to approximately 150 billion cubic meters every year, an energy equivalent to nearly 30% of the European Union’s annual gas requirements. The Micro-Refinery Unit (MRU) technology offers an easily deployable high-yield way of turning all this wasted gas into Green FuelTM and clean power, even electrical power. Well Power’s licensing agreement gives them exclusive rights to Texas, with the first right of refusal for all other U.S. states.

The webinar will be led by Professor Gregory Patience, Director and Chief Technology Officer of MEC, and will be joined by Dr. Christian Neagoe, Director and CEO of Well Power. Professor Patience, a member of the Department of Chemical Engineering at École Polytechnique de Montréal since 2004, has gained an international reputation collaborating with researchers across North America and Europe. Dr. Neagoe, with a Ph.D. in Theoretical Chemistry, has been a Research Associate at École Polytechnique de Montréal since 2011.

To register for this webinar, please visit www.wellpowerinc.com and sign-up with your email address.

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