NetworkNewsBreaks – Petroteq Energy Inc. (TSX.V:
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Posted On: 07/28/2021 4:04:37 PM
NetworkNewsBreaks – Petroteq Energy Inc. (TSX.V: PQE) (OTC: PQEFF) (FSE: PQCF) Announces Completion of FEED Study for Plant Employing CORT Process
Petroteq Energy (TSX.V: PQE) (OTC: PQEFF) (FSE: PQCF), an integrated oil company focused on the development and implementation of its proprietary oil-extraction and remediation technologies, today announced that the Front End Engineering and Design (“FEED”) Study for a proposed 5,000 barrels of oil per day (“bopd”) production facility employing Petroteq’s Clean Oil Recovery Technology (“CORT”) process has been completed by Crosstrails Engineering LLC. The study is expected to be delivered to Petroteq later this week. This FEED encompasses a production train capable of processing 5,000 bopd from mined oil sands ore. Petroteq anticipates that this FEED can become the starting basis for future 5,000 bopd train designs for use in Utah by the company and potentially by additional licensees in Utah, the U.S. and other locations worldwide. According to the update, this “standard” design may need some customization for local site conditions and ore characteristics, but differences are expected to be minor. Third party certification of this “standard” CORT process train is also expected soon.
Please see full disclaimers on the NetworkNewsWire website applicable to all content provided by NNW, wherever published or re-published: http://NNW.fm/Disclaimer
Petroteq Energy (TSX.V: PQE) (OTC: PQEFF) (FSE: PQCF), an integrated oil company focused on the development and implementation of its proprietary oil-extraction and remediation technologies, today announced that the Front End Engineering and Design (“FEED”) Study for a proposed 5,000 barrels of oil per day (“bopd”) production facility employing Petroteq’s Clean Oil Recovery Technology (“CORT”) process has been completed by Crosstrails Engineering LLC. The study is expected to be delivered to Petroteq later this week. This FEED encompasses a production train capable of processing 5,000 bopd from mined oil sands ore. Petroteq anticipates that this FEED can become the starting basis for future 5,000 bopd train designs for use in Utah by the company and potentially by additional licensees in Utah, the U.S. and other locations worldwide. According to the update, this “standard” design may need some customization for local site conditions and ore characteristics, but differences are expected to be minor. Third party certification of this “standard” CORT process train is also expected soon.
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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