Houston-based Well Power
holds exclusive licensing rights from ME Resource Corp., a Canadian company
developing mobile and scalable wellhead Micro-Refinery Units (MRUs) deployable
close to the wellhead as a means to process waste natural gas – such as vented
or flared gas – into liquid fuels and clean power.
Well Power’s licensing
rights cover the State of Texas and include the first right of refusal on the
other U.S. states, a tremendous opportunity considering the global push toward
reducing gas flaring and the associated negative impacts on the environment.
The billions of cubic
meters of natural gas flared annually at oil production sites around the world
result in approximately $10 billion of lost revenue and 400 million metric tons
of CO2 equivalent global greenhouse gas emissions each year. Environmental degradation
associated with gas flaring has been shown to have a significant impact on
local populations, often resulting in loss of livelihood and severe health
issues.
Well Power’s plan to
address this growing global issue is to provide its technology in tandem with
full-service engineering, design, construction, modular fabrication, and
maintenance and construction management services to clients in the upstream
areas of exploration and production. In addition, the company’s services will
include consulting services, process assessments, facility appraisals,
feasibility studies, technology evaluations, project finance structuring and
support, and multi-client subscription services.
The company’s MRUs,
currently in development, will provide the opportunity to turn a wasted
resource into a product of value while at the same time enabling wider access
to energy, improved environmental conditions, and economic development for
local populations where gas flaring is prevalent. By eliminating legacy flaring
and minimizing new flaring, Well Power is preparing to assume a vital role in
the continual for sustainable resource development and energy 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