Houston-based energy technologies company Well Power is
focused on the application of a valuable new energy technology for the U.S. oil
industry. The technology, called Micro Refinery Units (MRU), was developed by
ME Resource Corp., a publicly listed Canadian resource company targeting the
acquisition, exploration, and development of oil and gas resource properties in
Canada and Internationally. ME Resource has granted Well Power the licensing
rights to Texas, along with the first right of refusal for the other U.S.
states, to this new technology.
The MRU technology is all about the processing of waste
natural gas, a byproduct of oil production that usually ends up being
wastefully vented, flared, or stranded. Global gas flaring, the burning off of
this excess gas, represents not only a huge energy waste, but also an
environmental issue. Gas flaring amounts to roughly 150 billion cubic meters
each year, resulting in 400 million metric tons of carbon dioxide equivalent
greenhouse gas emissions. To get an idea of the significance, and potential, of
gas flaring, consider the fact that global gas flaring represents approximately
30% of the total annual gas requirements of the entire European Union.
Well Power’s licensed MRU technology provides a unique way
of taking this waste natural gas and converting it into Green FuelTM and clean
power, with a solution that is mobile, high-yield, and economical to deploy.
The MRU system combines proven commercial technologies together with a
proprietary micro-reactor for hydrocarbon processing and catalytic reactions.
Over and above its obvious value in converting a pollution
source into clean power and engineered fuels, including no-sulphur diesel and
diluents, the MRU solution is flexible, scalable, modular, efficient, and
easily custom configured. The proprietary technology is mobile and can be
deployed with minimum capital expenditure.
Well Power’s license allows the company to provide the
technology with full-service engineering, design, construction, modular
fabrication, maintenance, and construction management services to clients in
the upstream areas of exploration and production. Well Power can also provide
consulting services, process assessments, facility appraisals, feasibility
studies, technology evaluations, project finance structuring and support, and
multi-client subscription services.
For additional information on the technology, see a recent
write-up in Oil & Gas Network, at
http://issuu.com/oilgasnetwork/docs/ogn_june_2015l
For more information on the company, visit
www.wellpowerinc.com
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