Petroteq Energy (TSX.V: PQE) (OTC: PQEFF), a fully integrated, surface-oil sands mining oil company, is employing its proprietary clean, closed-loop technology to modernize the heavy-oil recovery process. An article discussing the company reads, “The proprietary mechanism is called Clean Oil Recovery Technology (‘CORT’). The technology was developed for surface tar-sand extraction, and it is suitable for all hydrocarbon deposits. The patented 14-stage process can extract up to 99% of crude oil and recycle over 99% of the solvent used in the process. CORT can also be deployed for land remediation projects, either independently or integrated with other processes. . . . Several key advantages define the superiority of the CORT approach. The technology does not require any water; it does not emit greenhouse gas; and it does not require high temperatures. Additionally, the process leaves virtually no waste; the only product returned back after the completion of the extraction is clean sand.”
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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. Petroteq 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 zero greenhouse gas and zero 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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