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Sunday, March 12, 2017 5:02:55 AM
$WPWR Well Power Inc. (WPWR) – Focused on Monetizing Huge Untapped Energy Source WPWR
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
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
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