The Future of Green Oil
Petroteq Energy Inc. is a Canadian-incorporated holding company, publicly trading on the TSX Venture Exchange (Symbol: PQE) and the OTC Pink Market (Symbol: PQEFF). Its executive offices are located in Los Angeles, California, and its initial oil sands processing plant is in Vernal, Utah.
The company specializes in oil production with ancillary offerings in mining, and sand remediation. We’ve developed proprietary technologies that enable us to produce oil without water, waste tailings ponds and emissions. In addition to sustainable oil production, our technology cleans oil sands of all hydrocarbons, creating a purified sand as part of our overall ESG strategy.
01.
ENERGY
02.
INNOVATION
03.
REMEDIATION
Our Core Values
Unorthodox Approaches: Petroteq takes pride in being a forward-thinking company rooted in innovative and unorthodox approaches. Our company strives to find new ways to approach age-old problems in the ever-evolving world of resource development. From our technology to our business practices, innovation plays a critical role in plans, practices, and outcomes.
History
2010
Petroteq is founded by Aleksandr Blyumkin as the MCW Energy Group.
Oct 2014
Petroteq unveils its initial extraction facility in Utah’s Temple Mountain Area, creating the first operational pilot to test whether the CORT technology is viable.
Nov 2018
Petroteq creates a strategic partnership with energy investor and project manager Valkor LLC in order to optimize their solvent recovery process.
Oct 2019
Petroteq achieves high-quality crude oil, boasting a sweet medium to heavy crude oil with especially low sulfur content.
Mar 2019
The Chapman Engineering Company conducts an economic viability study for Petroteq’s CORT technology, officially declaring it economically viable for commercial scaling.
Nov 2020
Petroteq signs its first non-exclusive multi-site license for oil CORT technology to Greenfield Energy LLC — a 50/50 joint venture between TomCo Energy PLC and Valkor LLC.