Petroteq Energy Inc.

Petroteq Energy Inc. is a technology-focused oil and gas company that engages primarily in the exploration and extraction of oil sands, aiming to foster more environmentally friendly and efficient methods of oil recovery. A key aspect of Petroteq's operations is its focus on innovation, particularly its patented Clean Oil Recovery Technology (CORT), which allows for the extraction of bitumen without the need for water and reduces greenhouse gas emissions. This technique has made significant waves in the energy sector due to its potential to minimize environmental impact while maintaining high production standards. Petroteq Energy Inc. operates primarily in North America, positioning itself strategically in areas rich with oil sands, such as Utah's Asphalt Ridge. The company also explores the use of its proprietary technology in renewable energy ventures, such as converting waste into valuable materials. By integrating advanced technology with traditional oil extraction methodologies, Petroteq plays a pivotal role in shaping sustainable practices within the fossil fuel industry, contributing to the sector's broader movement towards balancing economic growth with environmental responsibility.