Questor Announces Sale of Clean Combustion Unit in Nigeria
July 31 2024 - 7:00PM
Questor Technology Inc. (“Questor” or the “Company”) (TSX-V: QST)
is pleased to announce that it has received a purchase order valued
at $1 million dollars, to supply a clean combustion solution to an
energy company in Nigeria. Questor’s clean combustion unit will be
a critical component in a Nigerian government-approved pilot
project aimed at eliminating flaring in upstream oil production
processes.
Oil continues to play a crucial role in
Nigeria’s economy, funding the nation’s day-to-day activities. This
investment in Questor’s technology will ensure that oil is produced
cleanly and in a more sustainable way. Questor’s ISO 14034
certified clean combustion technology safely handles associated gas
from oil production and eliminates methane and other harmful
pollutants at 99.99 percent efficiency, surpassing stringent
emission regulations globally. The innovative design of Questor’s
unit also significantly reduces capital, fuel, and operating costs
for our customers at oil and gas processing facilities and
refineries.
“We are proud to support Nigeria’s goal of
achieving net-zero emissions by 2060,” said Audrey Mascarenhas,
President and Chief Executive Officer of Questor. “Our technology
not only meets but exceeds the latest emission regulations,
offering an effective solution for sustainable energy
production.”
Questor continues to advance its clean
combustion technology to meet and exceed stringent emission
standards in North America and other key markets. With over 25
years of experience providing emission reduction solutions to
customers operating globally, Questor is well-positioned to expand
its market presence in Canada, the US, and internationally.
ABOUT QUESTOR TECHNOLOGY
INC.
Questor Technology Inc., incorporated in Canada
under the Business Companies Act (Alberta) is an environmental
emissions reduction technology company founded in 1994, with global
operations. The Company is focused on clean air technologies that
safely and cost effectively improve air quality, support energy
efficiency and greenhouse gas emission reductions. The Company
designs, manufactures and services high efficiency clean combustion
systems that destroy harmful pollutants, including Methane,
Hydrogen Sulfide gas, Volatile Organic Hydrocarbons, Hazardous Air
Pollutants and BTEX (Benzene, Toluene, Ethylbenzene and Xylene)
gases within waste gas streams at 99.99 percent efficiency per its
ISO 14034 Certification. This enables its clients to meet emission
regulations, reduce greenhouse gas emissions, address community
concerns and improve safety at industrial sites.
The Company also has proprietary heat to power
generation technology and is currently targeting new markets
including landfill biogas, syngas, waste engine exhaust, geothermal
and solar, cement plant waste heat in addition to a wide variety of
oil and gas projects. The combination of Questor’s clean combustion
and power generation technologies can help clients achieve net zero
emission targets for minimal cost. The Company is also doing
research and development on data solutions to deliver an integrated
system that amalgamates all of the emission detection data
available to demonstrate a clear picture of the site’s emission
profile.
The Company’s common shares are traded on the
TSX Venture Exchange under the symbol “QST”. The address of the
Company’s corporate and registered office is 2240, 140 – 4 Avenue
S.W. Calgary, Alberta, Canada, T2P 3N3.
QUESTOR TRADES ON THE TSX VENTURE
EXCHANGE UNDER THE SYMBOL ‘QST’
Investor Relations ContactAly
Sumar – Chief Financial
Officerinvestor@questortech.com
Neither TSX Venture Exchange nor its Regulation
Services Provider (as that term is defined in the policies of the
TSX Venture Exchange) accepts responsibility for the adequacy or
accuracy of this release.
This document is not intended for dissemination
or distribution in the United States.
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