- Company announces change in top leadership as it prepares to begin production this year
- North American, Asian Pacific asphalt consumption forecast anticipates expansion
- Petroteq Energy’s extraction lease in Utah expected to generate 87 million barrels of bitumen-rich oil
Utah’s northeastern desert wilderness features a variety of colorful geographic names, such as Whiterocks, Green River, Rainbow, Bluebell, Red Canyon and Flaming Gorge. In the midst of them sits the less-aesthetic-sounding Asphalt Ridge, which nonetheless has served for decades as a critical natural resource for surrounding communities that relied on its bituminous pitch to supply the local county with materials for asphalt road repairs. Now, companies such as Petroteq Energy Inc. (TSX.V: PQE) (OTCQX: PQEFF) are exploring its potential for supplying that bitumen to a larger world market in a pioneering, land-friendly way.
Petroteq Energy recently announced the appointment of David Sealock as the company’s new…
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