Petroteq Energy, Inc. has developed a unique, environmentally-safe, continuous flow, closed loop technology... a first in North America... and probably in the world. The Company's philosophy is that the environment and the oil sands industry can work together harmoniously ... .without any of the resulting destruction seen in so many of the world's major oil sands projects. This extraction technology is the result of almost five years of research by Petroteq's research and engineering teams, headed up by the Company's Chief Technology Officer, Dr. Vladimir Podlipskiy, well known for his work with benign solvents.
HERE'S HOW PETROTEQ'S EXTRACTION TECHNOLOGY WORKS
Stage 1: Crushed ore delivered into patented fluidized bed extractor. Extraction process is performed at temperatures between 50-60 C degrees
Stage 2: Solvent composition with extracted oil bitumen is delivered from extraction column to the evaporator and then to distillation column.
Stage 3: Hydrocarbons (oil/bitumen) are extracted from the solvent in the distillation column and pumped to the storage tank.
Stage 4: Solvent is recycled, warmed up and returned back to the extractor within the continuous flow, closed-loop system.
Stage 5: Purified sands leave extractor and go through the drying process.