Well
Power sees gas flaring as a significantly challenging environmental problem
facing the world today. As 150 billion cubic meters of natural gas are being
flared into the atmosphere annually, it represents a monumental waste of
natural resources as it adds 400 million metric tons of CO2 equivalent global
greenhouse gas emissions into the air.
As
gas flaring persists it has a degrading effect on the environment. Compounding
the issue, there is an adverse impact on local populations which includes lower
quality of life often accompanied by severe health consequences. From a
quantifiable perspective, annual flaring is equivalent to about 30 percent of
the total yearly gas requirements of the entire European Union, or the annual
residential gas consumption in the United States.
The
gas flaring topic is central to discussions between WPWR and Australian based,
MEC Resources. Actively involved in moving the company’s plans forward is newly
appointed Chief Executive Officer, Mr. Cristian Neagoe. Possessing degrees in
physics from the University of Bucharest in Romania, a PH.D in Theoretical
Chemistry from the Romanian Academy of Science in 2004 and a Chemical
Engineering degree in 2012 from the Ecole Polytechnique Montreal, he served as
a production manager at Stelian INVEST S.R.L. in Romania from 2004 to 2006. Mr.
Neagoe also retained an engineering internship at General Electric in Montreal,
Canada in 2010. Further, Mr. Neagoe has been a research associate at Ecole
Polytechnique de Montreal since May 2011. The company sees his education,
career success and knowledge of the business as being integral to shareholder
value going forward.
Gas
flaring reduction has the potential to become a game-changing victory for the
environment. WPWR is focused on assembling the right partnerships to eliminate
flaring as well as lessen new flaring. The challenge offers the industry an
opportunity to take a leadership role on sustainable resource development and
energy efficiency. Governments worldwide see flaring reduction as an
opportunity to create value from a wasted resource, thus allowing for improved
economic development for local populations and cleaner environmental
conditions.
For
more information on the company, visit www.wellpowerinc.com
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