Recent News
12/28/22
1:06 PM
Petroteq Announces Update on Application for Management Cease Trade Order
Petroteq Announces Update on Application for Management Cease Trade Order
We put the environment first
PIONEERING OUR SOLUTION, we have spent more than a decade and $10’s of millions of dollars developing an efficient technology engineered to produce heavy oil at a target rate below $20/bbl. But we are MORE THAN JUST ENERGY; we produce oil without any significant waste, emissions or water use. We have removed the unwanted externalities from oil production that can be seen in other oil sands operations, fracking, and even conventional wells. So instead, our process LOOKS MORE LIKE REMEDIATION of oil-bearing near-surface sands that are cleaned to EPA Tier 1 quality before being returned, leaving the world a little cleaner than we found it.
NO WATER
Waterless oil sand production
CLEAN SAND
NO EMISSIONS
CLEAN OIL
Deleted: Nearly 100% extraction from rock from rock
ESG Energy
Zero Emissions Technology
Powered by Eco-conscious Innovation
Petroteq is a company that economically produces oil, but there is much more to its technology. We are about to show the world that we have solved the challenge of clean production of near-surface oil sands. Our technology consumes no water, has no waste tailings ponds, produces no emissions, and cleans oil sands of hydrocarbons, returning cleaned sand as part of an overall ESG strategy.
Utah a Unique Resource
Our Utah oil sands reserves possess a unique heavy oil resource which contains almost no sulfur.
The heavy sweet oil meets IMO 2020 standards and is on par with production from the Bakken and the Permian basins.