NetworkNewsBreaks – Petroteq Energy Inc.’s (TS
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Petroteq Energy (TSX.V: PQE) (OTC: PQEFF) has developed an oil-extraction technology that releases heavy-oil resources hidden in oil sands and oil shale deposits in a way that doesn’t harm the environment. An article discussing the company reads, “Petroteq’s patented closed-loop, clean technology is currently in production at the company’s Asphalt Ridge pilot facility in northeastern Utah and has proven to be commercially viable. Petroteq began delivering oil to its regional market in November 2018 and recently reported consistent production of over 500 barrels per day (“bpd”) (http://nnw.fm/q4pXF). Petroteq’s environmentally safe and sustainable approach for the extraction of heavy oil and bitumen from oil sands, shale and shallow oil deposits produces zero greenhouse emissions or waste and does not necessitate the use of high temperatures.”
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