Well Power
is appealing to investors and other parties interested in learning more about
its efforts to take on the problems of gas flaring, a pressing issue within the
United States. Well Power’s managers continue to advance their business goals
and spread the word about the flare-reducing technology they are developing in
conjunction with ME Resources, a Canadian publicly-listed company.
Years ago,
Well Power gained an exclusive five-year license to distribute ME Resources’
mobile micro refinery unit (MRU) within the state of Texas. Since then,
companies and individuals involved in oil and gas production and operations
have been invited to explore opportunities to partner with Well Power and to
learn more about the MRU which, once developed, will process wasted raw natural
gas, such as shut-in and flared gas, and turn it into electric power or
engineered fuels.
Well Power
and ME Resources are working closely with the research and development labs at
Ecole Polytechnique de Montreal where the MRU is being developed. There, a
lab-scale demonstration of the micro refinery unit is readily available. Within
the MRU, power-generation components and catalytic reactors are united with a
micro-synthesizing system that uses commercial technologies to achieve various power
and liquid outputs. This novel system is the key technological component that
enables the MRU to be portable and economically viable. 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 or engineered fuels.
Although
there are regulatory changes and operational issues to consider, the successful
development of the MRU presents an excellent value proposition for Well Power.
When deployed and implemented as a solution for wasted gas opportunities or as
a temporary tie-in solution for gas awaiting pipeline infrastructure, the MRU’s
mobile and modular features are expected to result in highly favorable
economics.
Well Power
continues to press forward with its pilot project with ME Resource and to move
towards finding and choosing a fitting industry partner in Texas to implement
the project. The company has also begun discussions with ME Resource to expand
its licensed distribution territory beyond the state of Texas, with the
ultimate goal of securing all oil and gas producing regions in the US.
For more
information, visit www.wellpowerinc.com
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