Micro Refining Unit (MRU) Waste Gas+ Clean Power

Processing Waste Gas into Clean Power

Patience Enterprises is a micro/mobile refining unit (MRU) manufacturer specializing in the production of refined fuel like oil, gas jet-fuel and diesel from the methane and butane waste gas produced from oil well extraction.
The company is seeking growth capital in the amount of $1,000,000 USD for the purpose of re-locating the working prototype from a University in Montreal to an oil well site in Alberta, Canada for demonstration purposes. This would allow the company to raise the necessary next level funding of $20M to put the unit into production.

Funding is needed in time for the MRU equipment to be mounted on to the back of a flat bed truck and then delivered to the identified oil well site. There will be a one month period between mounting the MRU on to the truck, travel time, assembly of external equipment like holding tanks, testing and finally production.

The MRU will result in the production of 6 to 10 barrels Bpd which would result in about $450,000 USD /yr., at current prices. This would result in one unit paying for it's self within in two years or sooner. The initial cost of one unit will cost $1,000,000 USD. But, once in production the process will be scalable which would reduce the cost of building one unit to $600,000 USD per. The funding can be further supplemented via government grant that would match the private investment dollars on a one-to-one basis.

Micro/Mobile Refining Unit (MRU) is the Solution

The MRU converts waste natural gas to greener fuels. The MRU is a patented tool to provide economic and environmental benefits to promote sustainable oil and gas production.

The MRU takes undervalued; stranded, wasted, vented, flared, shut-ins and associated gases and runs them through a patented Compression/ Reaction/ Fischer Tropsch Process resulting in a green value product like fuel, power, heat/water.

Estimated stranded or capped wells in Alberta Canada is 10,000 drilled and uncompleted wells.

This technology is sustainable production - flaring reduction while adding value to remote operations. Also, it provides enhanced oil recovery as end products are all miscible agents to increase oil production as half of Canadian production comes from heavy oil.

Limitless Commercial Opportunities
The market includes; (1) 3,000 abandon wells, (2) 300 facilities set for decommissioning, (3) 4,000 abandon pipeline segments and (4) 3,000 site available for reclamation. 1,000s of potential well sites world wide.

Working capital includes:
Direct costs; Equipment, Installation, piping/electrical, building and yard expenses.
Indirect costs; Engineering/construction, legal, contractors and contingency
Total working capital: $1,000,000 USD