Petroteq Energy is the groundbreaking oil company

In enterprise terms, sustainability is defined as the approach to creating values that could stretch for a protracted time. It places nice emphasis on how an organization operates in relation to its financial, ecological, and social environment. A business is considered maintainable if it has no, or at the very least, a minimal negative impact on its surroundings. This is what the oil firm Petroteq Energy wants to put on the coronary heart of their business.

Petroteq Energy Inc. is a pioneering company focusing on growing and implementing innovative and safer technology in its oil production. The corporate is presently under the leadership of its Chief Executive Officer, Dr. R. Gerald Bailey, who has rich expertise within the petroleum industry. Dr. Vladimir Podlipskiy is its present Chief Technology Officer and is liable for Petroteq’s principal technology.

Prior to now few years, Petroteq made strategic partnerships with some of the biggest oil and gas corporations within the US and your complete globe. Certainly one of these corporations is Valkor, a project development and funding firm specializing in mineral, gas, and oil production across the world. Valkor has worked intently with Petroteq to concentrate on projects that use technology to reinforce energy extraction and production.

Another of Petroteq’s strategic partners is Greenfields Petroleum, an oil and natural gas production company and the recipient of many Oil and Gas Awards. The company specializes within the production and exploration of oil sand that is eco-friendly in its approaches. As of this moment, Greenarea has been deemed the first licensed recipient of Petroteq’s proprietary technology, which it can use in building massive-scale plants.

The versatile and proprietary technology chargeable for Petroteq’s efforts for energy remediation is called the clean oil recovery technology or CORT. This technology, which is applicable to both water-wet and oil-wet deposits, outputs high-quality oil and clean sand, making it more advantageous than traditional methods. CORT does not use water during the production of oil sands.

Petroteq’s main production operation and extraction facility is the Asphalt Ridge located just south of Vernal, Utah, the place outputs include oil and sand products. The company is leasing around 2,500 acres of land within the location, which accommodates 87 million barrels of oil in place per day. Moreover, the feasibility status of Petroteq’s production plant in Utah has been confirmed while its operation is being certified.

Petroteq’s general environmental, social, and governance strategies are always centered round creating and implementing technology that’s not harmful to the environment. The corporate’s commitment to elevating the standing of global economies and communities is always tied to its efforts in conserving the planet. They always educate the public, too, by their social media pages like Twitter and their website.

Petroteq understands that its accountability goes past just producing energy for society as a resource development firm within the new age; they need to ensure and exhibit environmental integrity by developing socially accountable practices. Petroteq promises its consumers its continued efforts to provide affordable and eco-friendly oil production within the years to come.

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