Well Power Inc. (WPWR) has secured the licensing rights to Texas with the first right of refusal on the other US states to a new technology solution to process waste natural gas, such as vented, flared or stranded gas, into “clean power” and engineered fuels, including no-sulphur diesel and diluents. Based on proprietary technology, this solution is mobile, high-yield and can be deployed with minimum capital expenditure.
The company plans to be able to provide its 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 will also offer consulting services, process assessments, facility appraisals, feasibility studies, technology evaluations, project finance structuring and support, and multi-client subscription services.
Approximately 2.4 million barrels of oil equivalent is wasted each day by gas flaring alone, resulting in $10 billion of lost revenue and 400 million metric tons of CO2 equivalent global greenhouse gas emissions each year. Additionally, 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) offers 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 flaring, the company is well positioned to take a leadership role in the ongoing push for sustainable resource development and energy efficiency.
The QualityStocks Blog keeps investors up to date on everything related to the Small-Cap and Micro-Cap markets. By visiting our blog, investors also discover emerging companies that they otherwise would not have heard about.
The message boards here at QualityStocks is one of the most highly regulated, no-nonsense forums online today. Investors actively discuss their favorite trading ideas within the NYSE, NASDAQ, AMEX, OTCBB and Pink Sheets markets.
QualityStocksTwits is your stock tracking service portal to Twitter's universe of stock picks, commentary and research.
Meet The Team
Meet the team at QualityStocks.
Get your newsletter covered
by The QualityStocks Daily.
Become a sponsor of
The QualityStocks Daily.
Get your company featured
in The QualityStocks Daily.
|Submit Public Company Press Releases Press@QualityStocks.net|
|Submit Public Company News Releases News@QualityStocks.net|
Submit Resume Jobs@QualityStocks.net
See Job Descriptions
To submit a press release, share a story idea, or give us feedback, contact us.
Go back to see our previous newsletters and find out what you might have missed.