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Petroteq

Description

Petroteq is a clean technology company focused on the development, implementation and licensing ‎‎of a ‎patented, environmentally safe and sustainable technology for the extraction and reclamation of ‎‎heavy oil and ‎bitumen from oil sands and mineable oil deposits. The versatile technology can be ‎‎applied to both water-wet ‎deposits and oil-wet deposits - outputting high-quality oil and clean sand.‎

Petroteq believes that its technology can produce a relatively sweet heavy crude oil from deposits of ‎‎oil sands ‎at Asphalt Ridge without requiring the use of water, and therefore without generating ‎‎wastewater which would ‎otherwise require the use of other treatment or disposal facilities which ‎‎could be harmful to the environment. ‎Petroteq's process is intended to be a more environmentally ‎‎friendly extraction technology that leaves clean ‎residual sand that can be sold or returned to the ‎‎environment, without the use of tailings ponds or further ‎remediation.‎

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