NetworkNewsBreaks – Petroteq Energy Inc. (TSX.V:
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Posted On: 02/07/2018 7:56:23 PM
NetworkNewsBreaks – Petroteq Energy Inc. (TSX.V: PQE) (OTCQX: PQEFF) Reports Significant Progress of Heavy Oil Extraction and Processing Facility Assembly
Petroteq Energy Inc. (TSX.V: PQE) (OTCQX: PQEFF), a company focused on the development and implementation of proprietary technologies for the energy industry, this morning announced significant progress in the assembly of its heavy oil extraction and processing facility in Asphalt Ridge, Utah. Per the update, many aspects of the rebuilding project are currently ahead of schedule. Notably, Petroteq has completed reassembly of the metal support structure for the extraction equipment; installed the extraction equipment, including augurs, the first mix tank and the motor control center; installed the first two oil storage tanks as part of the planned 4,000 barrel storage facility; and received the oil heater, which is currently being assembled for installation. The company is also on track to install a second mix tank later this week. When completed, the Asphalt Ridge plant is expected to complete all industrial processes by leveraging Petroteq’s blockchain-based supply chain management system, which is currently being developed by wholly-owned subsidiary PetroBLOQ, LLC.
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Petroteq Energy Inc. (TSX.V: PQE) (OTCQX: PQEFF), a company focused on the development and implementation of proprietary technologies for the energy industry, this morning announced significant progress in the assembly of its heavy oil extraction and processing facility in Asphalt Ridge, Utah. Per the update, many aspects of the rebuilding project are currently ahead of schedule. Notably, Petroteq has completed reassembly of the metal support structure for the extraction equipment; installed the extraction equipment, including augurs, the first mix tank and the motor control center; installed the first two oil storage tanks as part of the planned 4,000 barrel storage facility; and received the oil heater, which is currently being assembled for installation. The company is also on track to install a second mix tank later this week. When completed, the Asphalt Ridge plant is expected to complete all industrial processes by leveraging Petroteq’s blockchain-based supply chain management system, which is currently being developed by wholly-owned subsidiary PetroBLOQ, LLC.
Please see full disclaimers on the NetworkNewsWire website applicable to all content provided by NNW, wherever published or re-published: http://NNW.fm/Disclaimer
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