September 28, 2017 - 9:30 AM EDT
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Petroteq Energy Inc. (TSX.V: PQE) (OTCQX: PQEFF) Boasts Oil Sands Technology that Could Make Tailings Ponds Passé

  • Versatile extraction process applicable to both water-wet and oil-wet sands
  • Green technology will save wildlife
  • Closed loop technology uses less water than traditional open loop processes

Tailings ponds, despite an innocuous name that makes them sound like an amusement park feature, are anything but amusing. They are as potentially treacherous as serpents hidden in the grass and remain so only because news reporting on their alarming threat has been scant. Containing mammoth quantities of residual toxic sludge, tailings ponds scar the landscapes already disturbed by the oil-sands industry. As if to highlight their destruction, many in Alberta, the hub of Canada’s industry, are decorated with bizarre orange anthropomorphic figures. These scarecrows are a feeble attempt to keep birds away. Many do not and perish slowly, ensnared by the paralyzing paste. Nevertheless, the peril to the environment posed by tailings ponds may soon abate. Petroteq Energy Inc. (TSX.V: PQE) (OTCQX: PQEFF) has developed a unique, environmentally-safe, continuous flow, closed loop technology – a first in North America and probably in the world – that is likely to make tailings ponds for oil sands a relic of the past.

A tailings pond is a wet storage area for the unwanted residual material or ‘tailings’ left behind after mining and extracting resources, such as bitumen from oil sands. Tailings ponds allow the tailings to be continuously submerged, although some tailings can be ‘dry covered’ under soil. They are usually engineered structures but, in some instances, natural bodies of water have been turned into...

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Source: NetworkNewsWire (September 28, 2017 - 9:30 AM EDT)

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