Well Power Inc. (WPWR) Knows Gas Flaring Reduction as Vital Well Power Inc. (WPWR) Knows Gas Flaring Reduction as Vital to Cleaner Environment
Well Power sees gas flaring as a significantly challenging environmental problem facing the world today. As 150 billion cubic meters of natural gas are being flared into the atmosphere annually, it represents a monumental waste of natural resources as it adds 400 million metric tons of CO2 equivalent global greenhouse gas emissions into the air.
As gas flaring persists it has a degrading effect on the environment. Compounding the issue, there is an adverse impact on local populations which includes lower quality of life often accompanied by severe health consequences. From a quantifiable perspective, annual flaring is equivalent to about 30 percent of the total yearly gas requirements of the entire European Union, or the annual residential gas consumption in the United States.
The gas flaring topic is central to discussions between WPWR and Australian based, MEC Resources. Actively involved in moving the company’s plans forward is newly appointed Chief Executive Officer, Mr. Cristian Neagoe. Possessing degrees in physics from the University of Bucharest in Romania, a PH.D in Theoretical Chemistry from the Romanian Academy of Science in 2004 and a Chemical Engineering degree in 2012 from the Ecole Polytechnique Montreal, he served as a production manager at Stelian INVEST S.R.L. in Romania from 2004 to 2006. Mr. Neagoe also retained an engineering internship at General Electric in Montreal, Canada in 2010. Further, Mr. Neagoe has been a research associate at Ecole Polytechnique de Montreal since May 2011. The company sees his education, career success and knowledge of the business as being integral to shareholder value going forward.
Gas flaring reduction has the potential to become a game-changing victory for the environment. WPWR is focused on assembling the right partnerships to eliminate flaring as well as lessen new flaring. The challenge offers the industry an opportunity to take a leadership role on sustainable resource development and energy efficiency. Governments worldwide see flaring reduction as an opportunity to create value from a wasted resource, thus allowing for improved economic development for local populations and cleaner environmental conditions.
For more information on the company, visit www.wellpowerinc.com
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