Questor Announces Sale of Clean Burn Unit in Nigeria

CALGARY, Alberta, July 31, 2024 (GLOBE NEWSWIRE) — Questor Technology Inc. (“Questor” or the “Company”) (TSX-V: QST) is pleased to announce that it has received a $1 million order to supply a clean-burning solution to an energy company in Nigeria. Questor’s clean-burning unit will be a key component of a government-approved pilot project to eliminate flaring in upstream oil production.

Oil continues to play a critical role in the Nigerian economy, funding the country’s day-to-day operations. This investment in Questor technology will ensure that oil is produced in a cleaner and more sustainable manner. Questor’s ISO 14034 certified clean-burn technology safely processes associated gas from oil production and eliminates methane and other harmful pollutants with 99.99 percent efficiency, exceeding stringent emissions regulations worldwide. The Questor’s innovative unit design also significantly reduces capital, fuel and operating costs for our customers in oil and gas processing plants and refineries.

“We are proud to support Nigeria’s goal of achieving net zero emissions by 2060,” said Audrey Mascarenhas, President and CEO of Questor. “Our technology not only meets but exceeds the latest emissions regulations, offering an effective solution for sustainable energy production.”

Questor continues to advance its clean-burn technology to meet and exceed stringent emissions standards in North America and other key markets. With more than 25 years of experience providing emissions reduction solutions to customers operating around the world, Questor is well-positioned to expand its market presence in Canada, the U.S. and internationally.

ABOUT QUESTOR TECHNOLOGY INC.

Questor Technology Inc., registered in Canada under the Business Corporations Act (Alberta), is a technology company dedicated to reducing environmental emissions, founded in 1994, with operations worldwide. The company focuses on clean air technologies that safely and economically improve air quality, support energy efficiency and reduce greenhouse gas emissions. The company designs, manufactures and services high-efficiency clean combustion systems that destroy harmful contaminants including methane, hydrogen sulphide gas, volatile organic hydrocarbons, hazardous air pollutants and BTEX (benzene, toluene, ethylbenzene and xylene) gases in waste gas streams at 99.99 percent efficiency in accordance with ISO 14034 certification. This enables customers to meet emissions regulations, reduce greenhouse gas emissions, solve community problems and improve safety in industrial facilities.

The company also has a proprietary heat-to-electricity technology and is currently targeting new markets including landfill biogas, syngas, combustion engine exhaust, geothermal and solar energy, cement plant waste heat, and a wide range of oil and gas projects. Questor’s combination of clean combustion and power generation technologies can help customers achieve net zero emissions goals at minimal cost. The company is also researching and developing data solutions to deliver an integrated system that combines all available emissions detection data to provide a clear picture of a facility’s emissions profile.

The company’s common shares are traded on the TSX Venture Exchange under the symbol “QST”. The company’s registered office and registered office address is 2240, 140 – 4 Avenue SW Calgary, Alberta, Canada, T2P 3N3.

QUESTOR IS TRADED ON THE TSX VENTURE EXCHANGE UNDER THE SYMBOL “QST”

Contact for investors
Aly Sumar – Financial Director
[email protected]

Neither the 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.

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