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.
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.
Market Leading Products: As energy producers and environmental stewards, quality means everything. Our team has developed an operational process to ensure that we produce some of the highest quality resources available on the market. This ever-evolving process is an endeavor that requires constant optimization of our technology and operational procedures — pushing our team towards the highest level of excellence.
People-Planet-Profit: Responsibility is the ethos of our company, Petroteq has a responsibility to its shareholders, employees, customers, community, and of course, the environment. Our management team is constantly working on ways to achieve success, using the triple bottom line framework to inform our goals and strategic initiatives. Through our innovative efforts, we are effectively aligning our economic endeavors with our social and environmental responsibilities.
Forward Together: We believe that great companies are built through teamwork and collaboration. Petroteq works with world-class strategic partners to enhance our production capabilities, technologies, and strategy. We’ve also assembled an in-house team with expertise across each segment of the resource production process. Through this collaboration, we have and will continue to develop our technologies from conceptual theories to commercialized products.
Petroteq is founded by Aleksandr Blyumkin as the MCW Energy Group.
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.
Petroteq creates a strategic partnership with energy investor and project manager Valkor LLC in order to optimize their solvent recovery process.
Petroteq achieves high-quality crude oil, boasting a sweet medium to heavy crude oil with especially low sulfur content.
The Chapman Engineering Company conducts an economic viability study for Petroteq’s CORT technology, officially declaring it economically viable for commercial scaling.
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.