Advanced Environmental Petroleum Producers, Inc. (OTCQB: AEPP) is a publicly traded petroleum company that practices more sustainable drilling processes that cause minimal permanent scarring to the earth's surface. After 8 years of research and development, the company is leading an effort to explore approximately 3 million acres of resources in Peru.
The company uses Biodegradable Nano Products to recover oil and gas. This also allows the company to recover clean water from the extraction process. The end result is a substantial decrease in greenhouse gas release per barrel.
Now that the company has its development permits approved, they can continue forward with their pilot plant and become a revenue generating company.