- Solvent mixing process extracts bitumen without creating greenhouse gases, wastes
- Petroteq to begin commercial production this year as it ramps up output
- Company’s Utah lease believed to hold 86 million barrels of extractable oil
The commercial exploration and extraction of petroleum distillates to feed the world’s fuel needs has been a vital industry for some 160 years, and it shows no sign of abating “anytime soon,” according to Raymond Gerald Bailey, president of Petroteq Energy Inc. (TSX.V: PQE) (OTC: PQEFF), the developer of patented technologies that facilitate the environmentally friendly extraction and processing of oil.
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…
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