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Petroteq Associates with Cavitation Technologies Inc. to Test Equipment for Unconventional Oil Production
Petroteq Energy Inc. (pqe: ca) a company focused on the development and implementation of proprietary technologies for the energy industry, announced an agreement with Cavitation Technologies, Inc. (CVAT) ] () a company providing highly scalable and cost effective solutions to various fluid processing industries. The companies have entered into a licensing agreement to test its equipment during oil production in order to improve the efficiency of the production flow and reduce the production costs achieved through the oil sands extraction process. Petroteq.
The agreement between Petroteq and CTi will look for conventional oil, in the form of bitumen, obtained from the oil sands. CTi's Nano Reactor System ™ uses patented technology that can influence and modify the chemical and physical composition of certain crude oils and hydrocarbons to improve the performance and economic value of refined or processed oils and hydrocarbon products. related. [19659008"NoussommesravisdecollaboreravecCTiAvecnotresiterécemmentrénovénoubadploronsmaintenantdesopportunitéspourrendrenosproduitsplusrentablesetplusefficacesNouspensonsqu'ilestimportantdes'engagerdansl'innovationdenotreR&Davecd'autrestechnologiesconvaincantesquiontlepotentieldegénérerdessolutionsévolutivesauseindel'industry"acommentéDavidSealockPDGdePetroteq
The CTO Roman Gordon, said: "During the past decade. We have introduced our proprietary technology into a number of different verticals while building partnerships with industry leaders.This agreement gives our companies the opportunity to develop and implement technologically advanced processes that will improve greatly efficiency over conventional methods while increasing margins and profitability. "
CTi's Nano Reactor System ™ bitumen bitumen extracted by Petroteq with a fluidic crude oil catalyst. Fluidic crude oil is pumped through a cavitation device at varying pressures to create cavitation characteristics. Reacting with fluidic crude oil, the process generates cavitation bubbles, which mix with adjacent layers of condensed fluidic crude oil. This mixture induces chemical reactions between the components of the fluidic crude oil to promote molecular rearrangement to improve viscosity, API gravity and heterogeneity.
About Petroteq Energy Inc.
Petroteq is a fully integrated oil and gas company that focuses on the development and implementation of an exclusive new oil extraction technology. The company has environmentally friendly and sustainable technology for extracting heavy oils from tar sands, oil shale deposits and shallow oil deposits. Petroteq is engaged in the development and implementation of its patented environmentally sound heavy oil processing and extraction technologies. Our proprietary process produces zero greenhouse gases, zero waste and requires no elevated temperature. Petroteq is currently focusing on the development of its oil sands resources and expanding the production capacity of its Asphalt Ridge heavy oil extraction facility located near Vernal, Utah. The Company also owns a minority interest in an exploration and production facility located in South West Texas owned by Accord GR Energy Inc. In addition, the Company, through its wholly-owned subsidiary, exclusive PetroBLOQ LLC, seeks to develop the first blockchain platform created exclusively for the needs of the oil and gas supply chain. For more information, visit www.Petroteq.energy and PetroBLOQ.com
About CTi
Founded in 2007, the company designs and manufactures advanced equipment. – includes devices and systems and develops processing technologies for the refining of edible oils, the production of renewable fuels, the accelerated recovery of oil, the extraction of algal oils, the enrichment of alcoholic beverages, water treatment and emulsification of cannabidiol (CBD). In addition to its existing neutralization systems, the patented Nano Reactor ™ system allows refiners to significantly reduce treatment costs and environmental impact, while increasing efficiency. http://www.ctinanotech.com/
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(July 10, 2018 – 15:25 EDT)
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