“Avoiding climate breakdown will require cathedral thinking. We must lay the foundation while we may not know exactly how to build the ceiling.” – Greta Thunberg
We must save the planet from the devastating effects of climate change for the very reason that it belongs to us. While most of us realize this blazing truth, only a few have taken the initiative to make a difference. Industrial emissions contribute massively to global warming. The greenhouse gases generated by the exploitation of fossil fuels have already reached an alarming stage. Although alternative eco-friendly resources have been developed, this only accounts for 15% of the globally consumed resources.
Petroteq Energy Inc., an oil company, has stepped forward to revolutionize the oil and gas industry. The company is selling oil by extracting it from the sand. While this oil extraction technology is completely carbon neutral, it is also replenishing the soil by removing the oil, making the earth greener. This decarbonizing oil extraction process initiative is helping the company grow in the most environment-friendly way.
The idea behind founding such technology was to profit by utilizing nature and not destroying it. This will have a long-term positive impact on Petroteq and the oil and gas industry as a whole. This initiative can be an alternative for industries in the future to save our environment. Most alternative energy resources like solar energy and biofuel may have zero-emission during consumption, but they indirectly generate greenhouse gases in different consumption phases. For example, the photovoltaic system emits carbon dioxide during transportation, installation, maintenance, and even disposal. In fact, one photovoltaic system can produce up to 50g of CO2 per kilowatt-hour in the first year of usage. The impact of using biofuel is no different. Biofuel produces biowaste in the form of crude glycerol, which is harmful to the environment.
Also, alternative sources of energy as of today are expensive compared to natural resources, especially fossil fuel. Most alternative resources are not available to industries in many places. This is keeping the percentage of fossil fuel consumption higher than eco-friendly options. While scientists worldwide are working to find a better solution to this problem that will be cost-effective yet accessible, Petroteq is leading the way for the oil and gas industry to create a greener earth.
The combined use of all of Petroteq Energy Inc’s technologies is helping the company to produce around 175 KG/MW or 300 KG/BBL of clean energy for industrial use. This innovative technology is by far the gold standard for the oil and gas industry, which is feasible in every way. Petroteq intends to reduce carbon emissions by a 30% to 40% reduction in CO2 in the coming years. The company is working to create a new kind of fuel by mixing their oil with 30% bio-glycerin, a carbon-neutral biodiesel waste byproduct. The company is set to continue its eco-friendly initiatives in the coming years, also paving the way for more industries to become carbon-neutral.