October 7, 2019 - 12:30 PM EDT
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Petroteq Energy Inc. (TSX.V: PQE) (OTC: PQEFF) Resumes Clean Oil Recovery Technology (CORT) Extraction Following Facility Upgrades

  • Petroteq Energy is a technology developer for the oil and gas industry, concentrating on the ability of its flagship Clean Oil Recovery Technology (CORT) to draw and distill heavy oil from surface oil sands
  • The company recently resumed operations at its eastern Utah facility following a period of maintenance to improve its equipment’s ability to separate coarse sands, extract fluids and then return the cleaned sands to the ground

Oil and gas industry technology pioneer Petroteq Energy Inc. (TSX.V: PQE) (OTC: PQEFF) has resumed production at its eastern Utah Asphalt Ridge facility, where the company’s disruptive Clean Oil Recovery Technology (CORT) was developed for extracting heavy oils from ground surface oil sands in an environmentally safe manner.

Using CORT, Petroteq began scaling production last year and selling oil to regional markets as evidence of its technology’s effectiveness. The company was producing heavy oil with the closed loop system, but it curtailed the operation in May to begin a maintenance program that improves the processes of separating the...

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Source: InvestorBrandNetwork (October 7, 2019 - 12:30 PM EDT)

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