Scottsdale 7/29/2015 8:00:00 PM
News / Stocks

QualityStocks News - Well Power (WPWR) Gearing Up to Turn Natural Gas Waste into Opportunity

QualityStocks would like to highlight Well Power Inc. (OTCQB: WPWR). The company 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.

In the company’s news:

Gas flaring is a fairly efficient method of burning impurities found in raw natural gas and carbon dioxide, but without the proper equipment in place, much of the wasted fossil fuel is expelled directly into the atmosphere – resulting in billions of wasted dollars and detriment to the surrounding environment.

The National Oceanic Administration Association (NOAA) estimates that gas flares pump 400 million tons of carbon dioxide into the atmosphere worldwide each year, adversely impacting local populations of human and wildlife, and often resulting in loss of livelihood and severe health issues.

For Houston-based Well Power, Inc., the environmental and economic obstacles are more of an opportunity than a problem. Through a strategic licensing agreement, Well Power has the rights to Texas, along with the first right of refusal on the other U.S. states, to a new technology solution designed to process waste natural gas into “clean power” and engineered fuels. Based on proprietary technology, these Micro Refinery Units (MRU) are mobile, high-yield and can be deployed with minimum capital expenditure.

The MRUs, currently in development, will provide the opportunity to turn a wasted resource into a product of value while at the same time enabling wider access to energy, improved environmental conditions, and economic development for local populations where gas flaring is prevalent – such as North Dakota. By focusing on eliminating legacy flaring and minimizing new flaring, Well Power has an opportunity to assume a vital role in the continual for sustainable resource development and energy efficiency.

Well Power also intends to offer its technology along with full-service engineering, design, construction, modular fabrication, maintenance and construction management services to clients in the upstream areas of exploration and production.

Development of the product is ongoing, with the first MRU expected in the near future.

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Forward-Looking Statement:

This release may contain forward-looking statements within the meaning of Section 27A of the Securities Act of 1933, as amended, and Section 21E of the Securities Exchange Act of 1934, as amended. All forward-looking statements are inherently uncertain as they are based on current expectations and assumptions concerning future events or future performance of the company. Readers are cautioned not to place undue reliance on these forward-looking statements, which are only predictions and speak only as of the date hereof. Risks and uncertainties applicable to the company and its business could cause the company's actual results to differ materially from those indicated in any forward-looking statements.