Well Power, a development-stage company positioning itself as a technology company servicing oil and gas producers and operators, is collaborating with ME Resource Corp. (“MEC”), the licensor of Well Power’s Micro-Refinery Unit (“MRU”), to implement an MRU Pilot Project in the licensed territory as part of the companies’ Licensing Agreement.
MRUs are implemented in close proximity to a wellhead to process raw natural gas into liquid fuels and clean power. The Pilot Project collaboration provides Well Power with direct access to a variety of MEC resources, particularly those related to the design, development, engineering, deployment, and integration of the MRU.
These resources include MEC’s affiliates and partners, including MEC’s subsidiary, Waste Stream Energy Corp., which will lead the development of the MRU.
MEC has also established a Research and Development Program at École Polytechnique de Montreal’s Department of Chemical Engineering for the MRU. This Development Program, under the supervision of Professor Gregory Patience, P.Eng, is supported by a team of post-doctoral fellows and research associates with a wide range of expertise, including catalysis and catalysis design, gas processing, and reaction engineering.
Well Power intends to maintain all relationships throughout the development of the MRU, and anticipates that the Development Program will open the door for further optimization of efficiencies and will be able to assist with continued integration of the technology with existing infrastructure and monitoring.
The company says it will now seek a partner within the oil & gas industry to study the specific characteristics of the operators wasted natural gas.
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