Petroteq Energy (TSX.V: PQE) (OTC: PQEFF), a fully integrated, surface oil-sands, clean-recovery mining oil company with proprietary technology, recently announced the initiation of commissioning processes and sequences for its Asphalt Ridge facility in Utah (http://nnw.fm/t5Jom). An article discussing the company reads, “The company will issue a press release once commissioning has been completed and the facility starts processing oil sands ore to achieve sales of oil production at the facility. . . . An innovator and proprietary technology developer, the Canadian-registered Petroteq is making surface tar oil sands extraction cleaner and more sustainable. The company’s Clean Oil Recovery Technology (CORT) is a proprietary, closed-loop, oil-recovery system that significantly lowers capital construction and production costs. . . . Through its process, Petroteq is removing bituminous oil from the sands that are abundant in Utah. The process is so sustainable and clean that the sands left behind after the completion of the oil recovery are suitable for growing produce.”
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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 and bitumen 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. Its proprietary process produces nearly zero greenhouse gas and 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. For more information, visit the company’s website at www.Petroteq.energy.
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