Petroteq Energy Inc. (TSX.V: PQE) (OTCQX: PQEFF), a company focused on the development and implementation of proprietary technologies for the energy industry, this morning announced that it has received approval from the State of Utah to serve as an official government contractor for the planning, design and procurement of infrastructure projects. The milestone is expected to enable Petroteq to participate in local and government infrastructure activities by providing bitumen for roadway projects. “Given the timing of President Trump’s State of the Union address, which emphasized infrastructure spending, specifically on roads and bridges, we feel this is a fortuitous timing for us to be able to participate in this anticipated growth opportunity,” Alex Blyumkin, CEO of Petroteq, stated in the news release. “Becoming a contractor for the State of Utah is a significant milestone for our Company… and we anticipate that the project initiatives will generate significant benefits to our shareholders.”
To view the full press release, visit http://ibn.fm/7GvJy
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About Petroteq Energy Inc.
Petroteq Energy is engaged in the development and implementation of its proprietary environmentally friendly heavy oil processing and extraction technologies. Our proprietary process produces zero greenhouse gas, 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. The company also owns a minority stake in an exploration and production play located in southwest Texas held by Accord GR Energy Inc. Petroteq is also developing technologies to optimize petrochemical industry workflow processes. For more information, visit www.PetroteqEnergy.com
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