Approximately 150 billion cubic meters of natural gas are flared into the atmosphere each year, resulting in billions in lost revenue and 400 million metric tons of CO2 equivalent global greenhouse gas emissions. Even worse, environmental degradation associated with gas flaring significantly impacts local populations to the point of loss of livelihood and severe health issues. Under pressure by Environmental Protection Agency mandates to reduce wasted gas, many oil companies are scrambling for a solution.
Houston-based Well Power sees this great energy challenge as an opportunity to provide a much-needed solution while creating value from a wasted resource. In turn, this solution would enable wider access to energy, improve environmental conditions, and foster economic development for local populations.
Well Power has licensing rights to Texas, with the first right of refusal on the other U.S. states, to patented technology called the Micro-Refinery Unit (MRU), which is capable of processing waste natural gas – such as vented, flared or stranded gas – into green fuel and clean power. The technology is also mobile and scalable, meaning it can be transported and adapted to site conditions.
If you want to get technical, here’s how it works: with the ability to process raw natural gas flows of between 75 Mcf to 250 Mcf, the MRU first conditions and then converts methane and condensates to Syngas (CO and hydrogen). This is followed by a Fischer-Tropsch reaction to produce Green Fuel™, and power which is produced from heat generated by exothermic reactions and combustion.
In short, the MRU simultaneously reduces CO2 emissions and creates revenue streams with minimal capital expenditure.
For maximum efficiency, Well Power plans to provide its technology in conjunction with full-service engineering, design, construction, modular fabrication, maintenance and construction management services to clients in the upstream areas of exploration and production. Technical services will also be accompanied with consulting services, process assessments, facility appraisals, feasibility studies, technology evaluations, project finance structuring and support, and multi-client subscription services.
The MRU provides a solution to both sides of the spectrum. For the environment and local populations, reduced emissions and improved economic development; for oil producers, the opportunity to turn waste into revenue.
By eliminating legacy flaring and minimizing new flaring, Well Power is positioned to take a leadership role in the ongoing push for sustainable resource development and energy efficiency.
For more information, visit www.wellpowerinc.com
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