NetworkNewsBreaks – Petroteq Energy Inc. (TSX.V:
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Petroteq Energy Inc. (TSX.V: PQE) (OTCQX: PQEFF) is tapping into Utah’s large deposits of bitumen from oil sands with its patented liquid extraction system. An article discussing this states, “Petroteq Energy Inc. has developed its patented, environmentally safe, continuous flow, closed loop technology – a first in North America and probably in the world – to extract bitumen oil from oil sands. The technology, the result of almost five years of research by Petroteq’s research and engineering teams led by Chief Technology Officer Dr. Vladimir Podlipskiy, depends on a patented solvent/surfactant. It can be effectively applied to both ‘water-wet’ deposits (such as the oil sands projects in Alberta, Canada) or the ‘oil-wet’ deposits found in Utah.”
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