NetworkNewsBreaks – Petroteq Energy Inc.’s (TS
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Posted On: 05/17/2019 4:25:58 PM
NetworkNewsBreaks – Petroteq Energy Inc.’s (TSX.V: PQE) (OTCQX: PQEFF) Patented Extraction Process Reduces Environmental Impact
Petroteq Energy (TSX.V: PQE) (OTCQX: PQEFF), an oil and gas industry technology innovator, is developing a surface-oil extraction process that lowers the effects on the environment. An article discussing PQEFF reads, “Petroteq’s patented process produces heavy oils squeezed from surface pockets of bituminous shale in a closed-loop ‘clean’ cycle that avoids many of the financial risks and uncertainties associated with exploring for crude sources deep underground. In particular, once a surface asphalt resource has been visually identified, there is no significant investment risk on the company’s part related to exploration, because the extent of the resource is already known prior to set up. . . . Petroteq’s process also has the advantage of being perhaps the most environmentally friendly of any extraction mechanism. It is a first-of-its-kind technology in which oil sands are mixed with a solvent solution, crushed to squeeze out the oil, shaken and then heat distilled to remove the oil for storage. The original sand material is returned to the desert floor cleaner than when it was taken for processing.”
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Petroteq Energy (TSX.V: PQE) (OTCQX: PQEFF), an oil and gas industry technology innovator, is developing a surface-oil extraction process that lowers the effects on the environment. An article discussing PQEFF reads, “Petroteq’s patented process produces heavy oils squeezed from surface pockets of bituminous shale in a closed-loop ‘clean’ cycle that avoids many of the financial risks and uncertainties associated with exploring for crude sources deep underground. In particular, once a surface asphalt resource has been visually identified, there is no significant investment risk on the company’s part related to exploration, because the extent of the resource is already known prior to set up. . . . Petroteq’s process also has the advantage of being perhaps the most environmentally friendly of any extraction mechanism. It is a first-of-its-kind technology in which oil sands are mixed with a solvent solution, crushed to squeeze out the oil, shaken and then heat distilled to remove the oil for storage. The original sand material is returned to the desert floor cleaner than when it was taken for processing.”
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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