Well Power, Inc. (WPWR) – Intent on Turning Wasted-Gas Oppor Well Power, Inc. (WPWR) – Intent on Turning Wasted-Gas Opportunities into Revenue Streams
Well Power is joining the movement to curb gas flaring, a move that presents an excellent value proposition for the company.
Well Power, a development stage company, is intent on providing a feasible, commercial method for the oil and gas sector, one that will convert wasted-gas opportunities into revenue streams. The company means to present a unique solution for oil and gas producers and operators looking to turn wasted, flared, stranded, shut-in or vented gas into electrical power, engineered fuel—no-sulphur diesel, diluents and synthetic crude—and other lucrative end products.
Through a partnership with a Canadian publicly-listed company called ME Resources (MEC), Well Power has secured an exclusive five-year distribution license for the economical, portable and scalable Wellhead Micro-Refinery Units (MRUs) that MEC is developing. The MRU is being designed for deployment close to oil and gas wellheads where it will convert raw natural gas into green fuel and clean power. The unit is also being designed to be deployed with minimum capital expenditure.
With the Micro Refinery Unit, power-generation components and catalytic reactors are united with a micro-synthesizing system that utilizes commercial technologies to achieve various power and liquid outputs. This novel system is the key technological component that enables the Micro Refinery Unit to be economically viable and transportable. The MRU also includes a container-sized unit with the capacity to transform, on a daily basis, 100,000 cubic feet of natural gas into clean power and engineered fuels.
As a result of its collaboration with ME Resources, Well Power has secured the licensing rights to distribute in Texas. From there, the company hopes to expand into other geographical areas, and it has already made arrangements so that it has the first right of refusal when it comes to distributing this new, developing technology solution into other U.S. states.
For more information, visit www.wellpowerinc.com
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