Fully integrated oil and gas company Petroteq Energy Inc. (TSX.V: PQE) (OTCQX: PQEFF) has developed patented technologies that facilitate the environmentally friendly extraction and processing of oil. An article discussing the company reads: “Petroteq’s proprietary extraction process uses solvents to produce zero greenhouse gas, zero waste and no high temperatures, unlike existing processes in use by other companies that leave vast tailing ponds that take years for land reclamation, according to the company’s website (www.Petroteq.energy). As world governments drive demand for an increase in electric vehicle production to combat global pollution, Petroteq’s concern for the ecosystem creates a rollout-ready solution.”
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About Petroteq Energy Inc.
Petroteq is a fully integrated oil and gas company focused on the development and implementation of a new proprietary technology for oil extraction. The company has an environmentally safe and sustainable technology for the extraction of heavy oils from oil sands, oil shale deposits and shallow oil deposits. Petroteq is engaged in the development and implementation of its patented environmentally friendly heavy oil processing and extraction technologies. Petroteq’s proprietary process produces zero greenhouse gas, zero waste and requires no high temperatures. Petroteq is currently focused on developing its oil sands resources and expanding production capacity at its Asphalt Ridge heavy oil extraction facility located near Vernal, Utah. The company also owns a minority stake in an exploration and production play located in southwest Texas held by Accord GR Energy Inc. In addition, the company, through its wholly owned subsidiary PetroBLOQ, LLC, is seeking to develop the first blockchain based platform created exclusively for the supply chain needs of the oil & gas sector. For more information, visit www.Petroteq.energy and www.PetroBLOQ.com.
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