- Petroteq’s field operations and engineering staff have initiated the commissioning process for its Asphalt Ridge facility
- The EIA warns that, even though production needs are met for the immediate future, more investment in new extraction technologies will be needed to meet rising demand
- Companies like Petroteq are leading the way; the Petroteq clean oil sand extraction technology is green, effective and cost-efficient
- Petroteq is already working on licensing agreements that will allow other entities to utilize CORT for effective oil sand extraction
Petroteq Energy Inc. (TSX.V: PQE) (OTC: PQEFF) has announced the initiation of commissioning processes and sequences for its Asphalt Ridge facility in Utah, offering the company’s revolutionary technology for the environmentally safe and sustainable extraction of heavy oil and bitumen from oil sands, oil shale deposits and shallow oil deposits (http://nnw.fm/t5Jom). 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...
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NOTE TO INVESTORS: The latest news and updates relating to PQEFF are available in the company’s newsroom at http://nnw.fm/PQEFF
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