Recent studies reveal that the amount of carbon dioxide in the atmosphere has reached the highest recommended level, but it’s still increasing. Experts in the field agree that greenhouse gas emissions need to be reduced drastically if the world is to combat the looming climate change consequences. Unfortunately, the process cannot be successful without a joint effort by all companies in the world.
Petroteq Energy Inc, a Canadian incorporated oil extraction company, leads the way in their industry in adopting technologies to curb carbon emissions. Global warming remains a significant threat to humanity, and Petroteq affirms it is time the industry plays its part to avert the situation. Since its establishment, Petroteq has remained committed to producing energy from fossil fuels but using environmentally friendly approaches.
Due to their commitment to conserving the environment by playing the stewardship role, Petroteq has been branded as the green energy company within the fossil fuel sector. Their endeavors revolve around engineering solutions to mitigate the extreme risks of climate change while using remediation efforts to global warming. It’s evident that global warming will cause a wide range of problems, from drought to diseases to disasters, among many other unforeseen dangers.
But global warming isn’t simply a result of carbon emission; it’s the result of various factors, among them are greenhouse gasses. The insufficient energy supply of green energy still relies on energy from fossil fuels. It also may not be practically possible to have the world fully depend on clean energy, even for the next 100 years. That said, oil and gas companies will have to continue with operations but subscribe to the international climate agreements.
The carbon-negative technology has proved to be the perfect concept at the moment to help reduce carbon emission while retrieving the unwanted carbon dioxide from the atmosphere. Petroteq Energy Inc is continually launching a series of technologies to acquire closer to 175 KG/MW or 300KG/BBL. Their target is to reduce their carbon emissions by at least 30%-40% by mixing their produced oil with the 30% bio-glycerin, which is a byproduct of biodiesel production.
Petroteq is also keen to drill wells into shallow oil sands at a target depth of 600-1500 ft. and injecting carbon dioxide at high temperatures. The process will aid the recovery of oil and absorb up to 700 KG/BBL or 410KG/MW. Essentially, this is net negative from production to consumer use and leaves a net negative of 60 KG/MW.
More significantly, Petroteq proves to other companies that carbon-negative approaches are feasible in the oil and gas industry. Petroteq is also setting the pace for the other oil and gas companies to enhance their technologies and adopt carbon-negative initiatives.
With a well-outlined plan, Petroteq is proving their technologies will revolutionize the oil and gas industry. There is no doubt that the world will need to rely on fossil fuel for a few more decades, thus the need for fossil fuel companies to play their role and reduce carbon emissions.