Well Power
is joining the movement to curb gas flaring, a move that presents an excellent
value proposition for the company.
Well
Power, a development stage company, is intent on providing a feasible,
commercial method for the oil and gas sector, one that will convert wasted-gas
opportunities into revenue streams. The company means to present a unique
solution for oil and gas producers and operators looking to turn wasted,
flared, stranded, shut-in or vented gas into electrical power, engineered
fuel—no-sulphur diesel, diluents and synthetic crude—and other lucrative end
products.
Through a
partnership with a Canadian publicly-listed company called ME Resources (MEC),
Well Power has secured an exclusive five-year distribution license for the
economical, portable and scalable Wellhead Micro-Refinery Units (MRUs) that MEC
is developing. The MRU is being designed for deployment close to oil and gas wellheads
where it will convert raw natural gas into green fuel and clean power. The unit
is also being designed to be deployed with minimum capital expenditure.
With the
Micro Refinery Unit, power-generation components and catalytic reactors are
united with a micro-synthesizing system that utilizes commercial technologies
to achieve various power and liquid outputs. This novel system is the key
technological component that enables the Micro Refinery Unit to be economically
viable and transportable. The MRU also includes a container-sized unit with the
capacity to transform, on a daily basis, 100,000 cubic feet of natural gas into
clean power and engineered fuels.
As a
result of its collaboration with ME Resources, Well Power has secured the
licensing rights to distribute in Texas. From there, the company hopes to
expand into other geographical areas, and it has already made arrangements so
that it has the first right of refusal when it comes to distributing this new,
developing technology solution into other U.S. states.
For more
information, visit www.wellpowerinc.com
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