Nature activists, environmentalists, corporations, and everyday people worldwide are fighting for our planet and impacting climate change. Many companies don’t see environmental conservation as a priority. However, there is one company that chose to deviate from the usual track. Petroteq Energy Inc. is an oil company using advanced technology that is eco-friendly and profitable. Thanks to their efforts, they are leading the way toward a healthier tomorrow.
Petroteq Energy Inc. is decarbonizing oil and gas production by going carbon-neutral with their oil and gas production. The company has launched a series of carbon neutral and carbon negative initiatives to extract oil from sand. The process involves zero carbon emission to air, land, or water, resulting in no environmental contamination at all. It has proved to be a means of replenishing the soil by removing the oil content from it.
While the oil and gas industry usually tops the list of carbon emissions globally, Petroteq was founded with the idea to make the earth greener. Fossil fuels will be necessary for at least another 100 years because the alternatives are too expensive for industries or unavailable. Despite the invention of more natural methods like solar power and biofuel, almost 85 percent of industries globally rely on fossil fuel to run their businesses. While the use of eco-friendly resources is limited to only 15 percent across the world, this breakthrough innovation by Petroteq will pave the way for more oil and gas companies to become environmentally friendly.
Though believed to be environmentally safe, solar energy does produce emissions during the first year of usage. This is because the process of installation, transportation, maintenance, and disposal involves generating greenhouse gases. This means it is not completely an eco-friendly alternative to fossil fuel. In the case of biofuel, the situation is no different. Biofuel leaves biowaste, a residue that is a form of crude glycerol. This is extremely harmful to the environment if not recycled properly.
Considering all these factors, the innovative efforts by Petroteq have already started creating waves in industrial technologies across the world. The company is now producing around 175 KG/MW or 300 KG/BBL of energy through advanced technology and eco-friendly strategies. This viable option has created a gold standard for the oil and gas industry and a benchmark from an economic point of view. The cost of installation of this innovative technology is at par with the present system of oil extraction.
Petroteq wants to continue its journey similarly introducing more viable eco-friendly options to bring about a revolution in the oil and gas industry. The company aims to achieve around 30 to 40 percent reduction in carbon emissions by mixing their extracted oil with 30 percent bio-glycerin, a waste byproduct of biodiesel that is currently considered carbon neutral. This new fuel will be used in heavy cargo transportation, transforming modern industrialization for a cleaner planet. By setting an example for their counterparts, Petroteq is making a hugely positive impact on our world.
