Through a strategic licensing
agreement, Well Power has the rights to Texas, along with the first right of
refusal on the other U.S. states, to a new technology solution designed to
process waste natural gas into “clean power” and engineered fuels.
Each day, roughly 2.4 million
barrels of oil equivalent is wasted by gas flaring alone, resulting in billions
of lost revenue and churning out 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 Micro Refinery
Unit (MRU) is a mobile, high-yield solution that provides the opportunity to create
value from a wasted resource while simultaneously enabling wider access to
energy, improved environmental conditions, and economic development for local
populations.
By eliminating legacy flaring
and minimizing new gas flaring, Well Power is strongly positioned to benefit
from the worldwide push for sustainable resource development and energy
efficiency without the harmful effects on the environment and human health.
Well Power intends to offer its technology along with full-service engineering,
design, construction, modular fabrication, maintenance and construction
management services to clients in the upstream areas of exploration and
production.
To further optimize
efficiency, the company will also offer consulting services, process
assessments, facility appraisals, feasibility studies, technology evaluations,
project finance structuring and support, and multi-client subscription
services.
For more information visit
www.wellpowerinc.com
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