PetroTeq Energy Inc. (OTCMKTS: PQEFF) is a technology‐focused resource company that develops and commercializes proprietary processes for heavy oil and bitumen extraction. The company’s core business centers on a low‐temperature, water-efficient method designed to recover hydrocarbons from oil sands and oil shale while minimizing environmental impact. By eliminating the need for large volumes of heated water, PetroTeq’s technology aims to reduce greenhouse gas emissions, avoid tailings ponds and lower operating costs compared with conventional extraction techniques.
In addition to its extraction platform, PetroTeq has applied its separation and treatment know-how to environmental remediation projects. The company’s solutions target industrial wastewater streams and contaminated effluents, offering processes to remove heavy metals, dissolved solids and other pollutants. These remediation services complement PetroTeq’s energy business and underscore its emphasis on sustainable resource development.
PetroTeq holds strategic leases in California’s Kern County oil sands, where it has completed pilot and demonstration-scale facilities to validate its technology under real-world conditions. The company is seeking partners and licensees to deploy its proprietary extraction processes in other regions with unconventional oil resources. By combining in-house operations with technology licensing, PetroTeq aims to accelerate commercialization and generate multiple revenue streams.
Established in the late 2000s, PetroTeq Energy is led by a management team with expertise in chemical engineering, petroleum operations and environmental science. The company’s board includes industry veterans who have overseen technology scale-up and project financing in the energy sector. As PetroTeq moves toward commercial deployments, it continues to refine its processes and pursue joint ventures to expand its global footprint.
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