NetworkNewsBreaks – Petroteq Energy Inc. (TSX.V:
Post# of 252
In a news release this morning, Petroteq Energy (TSX.V: PQE) (OTCQX: PQEFF), a company focused on the development and implementation of proprietary technologies for the energy industry, reported that it has completed testing of all the fundamental process systems in its heavy oil extraction facility located in Asphalt Ridge, Utah, and that it has started test runs of the utility system as one of the final steps before commercial production. Petroteq has been granted all the relevant permits required to launch commercial production by the pertinent Utah agencies. Most notably, it has received an Air Exemption Permit that certifies that its operation won’t have harmful effect on the surrounding ground water. “We are on the verge of beginning our production phase at Asphalt Ridge,” Alex Blyumkin, CEO of Petroteq Energy stated in the news release. “We completed reassembly and testing of the major process systems successfully and are in the final stages of pre-production testing of the utility system, bringing us one step closer to commercial launch at a time when demand for our products is on the rise.”
Please see full disclaimers on the NetworkNewsWire website applicable to all content provided by NNW, wherever published or re-published: http://NNW.fm/Disclaimer