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Petroteq Energy is the groundbreaking oil company that revolves around sustainability

The company specializes in the production and exploration of oil sand that is eco-friendly in its approaches.

In business terms, sustainability is defined as the approach to developing values that could stretch for a long time. It puts great emphasis on how an organization operates in relation to its economic, ecological, and social environment. A business is considered sustainable if it has no, or at least, a minimal negative effect on its surroundings. This is what the oil company Petroteq Energy wants to put at the heart of their business.

Petroteq Energy Inc. is a pioneering company focusing on developing and implementing innovative and safer technology in its oil production. The company is currently under the leadership of its Chief Executive Officer, Dr. R. Gerald Bailey, who has rich experience in the petroleum industry. Dr. Vladimir Podlipskiy is its current Chief Technology Officer and is responsible for Petroteq’s principal technology.

In the past few years, Petroteq made strategic partnerships with some of the biggest oil and gas companies in the US and the entire globe. One of these companies is Valkor, a project development and investment company specializing in mineral, gas, and oil production across the world. Valkor has worked intently with Petroteq to focus on projects that use technology to enhance 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 in the production and exploration of oil sand that is eco-friendly in its approaches. As of this moment, Greenfield has been deemed the first licensed recipient of Petroteq’s proprietary technology, which it can use in building large-scale plants.

The versatile and proprietary technology responsible 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 primary production operation and extraction facility is the Asphalt Ridge located just south of Vernal, Utah, where outputs consist of oil and sand products. The company is leasing around 2,500 acres of land in the location, which contains 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 overall environmental, social, and governance strategies are always centered around developing and implementing technology that is not harmful to the environment. The company’s commitment to elevating the status of global economies and communities is always tied to its efforts in conserving the planet. They constantly educate the public, too, through their social media pages like Twitter and their website.

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

This article is sponsored content. No endorsement by The Times of Israel of advertiser products or services, real or implied, is intended.

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