Petroteq Energy is the pioneering oil company dedicated to sustainability – Sponsored Content

In economic terms, sustainability is defined as the approach to developing values ​​that can extend over a long period of time. It attaches great importance to how an organization functions in relation to its economic, ecological and social environment. A company is considered sustainable if it has no or at least minimal negative effects on its environment. The oil company Petroteq Energy wants to put this at the center of its business.

Petroteq Energy Inc. is a pioneering company focused on developing and implementing innovative and safe technologies in its oil production. The company is currently headed by its Chief Executive Officer, Dr. R. Gerald Bailey, who has extensive experience in the petroleum industry. Dr. Vladimir Podlipskiy is currently Chief Technology Officer and responsible for Petroteq’s main technology.

Over the past several years, Petroteq has formed strategic partnerships with some of the largest oil and gas companies in the US and around the world. One of these companies is Valkor, a property development and investment company specializing in mineral, gas and oil exploration around the world. Valkor has worked extensively with Petroteq to focus on projects that use technology to improve energy generation and production.

Another strategic partner of Petroteq is Greenfields Petroleum, an oil and natural gas production company and winner of many Oil and Gas Awards. The company specializes in the environmentally friendly extraction and exploration of oil sands. Greenfield is currently considered the first licensed recipient of Petroteq’s proprietary technology that can be used in the construction of large-scale facilities.

The versatile and proprietary technology responsible for Petroteq’s energy recovery efforts is called Clean Oil Recovery Technology, or CORT. This technology, which is applicable to both water-wet and oil-wet reservoirs, delivers high quality oil and clean sand, making it more advantageous over traditional methods. CORT does not use water in the manufacture of oil sands.

Petroteq’s main production and extraction facility is Asphalt Ridge south of Vernal, Utah, where production consists of oil and sand products. The company rents around 2,500 acres of land at the site, which contains 87 million barrels of oil per day. In addition, the feasibility status of the Petroteq manufacturing facility in Utah was confirmed during operational certification.

Petroteq’s comprehensive environmental, social and governance strategies always focus on developing and implementing technologies that are not harmful to the environment. The company’s commitment to improving the status of global economies and communities is always tied to its efforts to preserve the planet. They also keep the public up to date on their social media pages like Twitter and their website.

Petroteq recognizes that its responsibility as a resource development company goes beyond simply generating energy for society in the new age. they need to ensure and demonstrate environmental integrity by developing socially responsible practices. Petroteq promises its consumers its continued efforts to produce affordable and environmentally friendly oil in the years to come.

This article is sponsored content. No endorsement, express or implied, for any product or service is intended by the Times of Israel.

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