QualityStocksNewsBreaks – Petroteq Energy Inc. (TSX.V: PQE) (OTCQX: PQEFF) Employs Patented Extraction Process to Increase Production Capacity
Petroteq Energy Inc. (TSX.V: PQE) (OTCQX: PQEFF) announced in early January 2018 that it had received two patents from the U.S. Patent Office and the Canadian Intellectual Property Office for its oil sands extraction process. Petroteq’s patented, cost-effective extraction process will be employed by the company in an effort to increase its Asphalt Ridge oil plant production capacity. An article discussing the company reads: “The company has already produced approximately 10,000 barrels of oil using the new technology and is expanding its heavy oil extraction plant in Asphalt Ridge, Utah, to further increase production. Petroteq plans to increase the oil…