Canadian holding company Petroteq Energy Inc. is an oil and gas manufacturer publically trading on the OTC Pink Market and the TSX Venture Exchange. Its oil sands processing plant is currently located in Vernal, Utah, while its executive offices are in Los Angeles, California. The company’s main services are in oil production, but they also have ancillary offerings in sand remediation and mining.
Petroteq Energy Inc. is one of the very few oil production companies to develop their own proprietary technologies. Through this innovation, they’re able to produce oil without polluting any bodies of water, waste tailing ponds, as well as emissions. Petroteq’s technology also rids oil sands of all hydrocarbons in addition to their sustainable oil production while creating purified sand.
What sets the company apart from other large corporations in the industry is its unorthodox approaches to business operations and organizations. Petroteq is not just a company concerned with making profits to pay its employees and sustain its operations. They strive to find fresh ways to approach perennial problems in resource development, which is always evolving with time and technology.
Petroteq emphasizes the importance of innovation, whose roles in planning, practices, and outcomes are critical to their business runnings and reaching the top-tier level. They also maintain responsibility as the company’s ethos because they acknowledge their accountability to the environment, shareholders, employees, and the community. Petroteq’s team works non-stop on looking for ways to make more out of their success.
Teamwork and collaboration are values that Petroteq uses to strengthen its production capabilities, strategies, and technology. They have assembled a team of in-house experts across every aspect of their resource production process. Petroteq is also working with established strategic partners to enhance their operations and management to assure the success of their endeavors.
To help the environment, Petroteq uses decarbonization of oil and gas production to hopefully stop and reverse the carbon emissions from gas and oil factories. The company also has a two-pronged solution, which involves reducing emissions and sequestering carbon present in the atmosphere. Petroteq uses these approaches to decarbonize oil and gas production effectively and reduce greenhouse gas effects.
As a leader in oil and gas production, Petroteq understands its responsibility to protecting the environment. Hence, they launched a series of carbon negative and carbon-neutral initiatives using economically viable approaches. Petroteq wants the world, especially other oil production companies, to know that successful carbon-negative approaches are doable and possible within the industry.
Petroteq aims to achieve a 30% to 40% reduction in carbon dioxide emissions by mixing their oil with bio-glycerin, a waste product of biodiesel production. Also, they’re planning to drill wells into shallow oil sands with target depths of 600–1,500 feet. Through this approach, recovery of oil will be enhanced while protecting the environment using less aggressive means.
While offering world-class services to their consumers, Petroteq also aims to educate people about the oil and gas industry. They have a Twitter page where they tweet useful information about their company and how they do their business while protecting the environment. Petroteq has a website as well for all their clients to know more about the organization and management side of their company.
VK Weekly 