Has Petroteq Energy found a solution for cleaner oil?
In the wake of the US elections, modern solutions for the oil industry are on the table.
With Joe Biden running well ahead of the incumbent in the race for the White House just days before what may be the most polarizing election in US history, which will go down in history as the most polarizing election, the country is undergoing far-reaching changes in its administrative tone and taken in the political direction. One topic that has recently come to the fore with that burgeoning blue momentum is the future of the oil industry.
If Biden wins, he will be an advocate for reform and replacement of the oil industry as we know it today, likely through a series of moves that will extend well beyond his own four years. But the beginning of this process will drive a realignment of the priorities for invested capital in the energy sector. This will of course bring potential in the field of renewable energies. But everyone already knows that, and the stocks in question have already made significant price adjustments to counter this dynamic. However, there is also another direction to be recognized, which lies in the intermediate horizon of this topic: less polluting energy based on fossil fuels. That is almost certainly part of the puzzle.
But there are few options for investors, suggesting that those most connected to the topic will have a near-monopoly if capital flows pour in to fill that niche. One stock that could well be worth your time in the research process on this very basis is Petroteq Energy Inc (OTCMKTS: PQEFF), an integrated oil company focused on developing and implementing proprietary oil production technologies that provide a cleaner, greener version of the Represent fossil fuel production. Given that the company appears to be focused on much more significant commercial activity in the coming months, now is a good time to take a closer look. In support of this process, Petroteq Energy Inc (OTCMKTS: PQEFF) has just released its management's vision that it believes it will benefit the company - giving the company a unique edge in the market as it stands out as a clean technology provider for the Extraction of oil from oil sands positioned.
According to the publication, the company's clean oil recovery technology (or its "CORT" as its proprietary technology calls it) integrates clean technology with oil sands production. Some notable CORT attributes were listed in the press release and are reproduced here: Proprietary extraction technology pre-FEED (Front End Engineering and Design) work on a 5-10k bpd plant recently completed by Crosstrails Engineering LLC, a subsidiary of Valkor LLC (as reported in the company's press release dated September 15, 2020) 10,000 bbl of oil have so far been produced from the pilot plant and the Asphalt Ridge plant Extraction technology that greatly reduces greenhouse gases compared to other extraction methods leaves no sewage or tailings ponds up to 99% of the hydrocarbons are extracted 95% of the solvents used are recovered and reused in a closed loop system
Only by-product produces bitumen and a clean, dry sand (which meets EPA Tier 1 standards) Relatively small modular space requirement; Designed to be scalable by adding parallel production trains The construction is based on standard oil processing systems, short lead times Low capital expenditure estimated at $ 15-20,000 per daily bbl in the most recent pre-FEED study Low production costs estimated at an average of $ 25- $ 30 / bbl depending on the volume of production Flexibility in terms of the ability to produce different end products.