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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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. The company’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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