ReGen III Corp. V.GIII

Alternate Symbol(s): ISRJF

Energy Oil & Gas Refining & Marketing

ReGen III Corp. is a Canada-based cleantech company commercializing its ReGen, patented technology to recycle used motor oil (UMO) into high-value Group III base oils. The ReGen technology is designed to produce the highest quantity of high base lubricating oils of any re-refining process. Its ReGen technology, produces a 53% yield of Group III, which is a high-margin base oil used in the formulation of performance synthetic grade motor oils. The Company is also focused on developing its brownfield re-refinery in Texas City, Texas (Texas Facility). Its projects include Texas and Alberta. It is also engaged in Koch Project Solutions, LLC (KPS) to provide project execution management services up to turnkey delivery of the proposed Texas Facility. The Company is focused on building or enhancing UMO re-refineries and licensing its intellectual property to third parties around the world. Its first ReGen facility is in the site selection and negotiation phase in the United States Gulf Coast.

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ReGen III Corp. > Time to execute on SM LOI

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Comment by TurtleDoveon Mar 11, 2021 11:41am

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Post# 32772813

RE:Time to execute on SM LOI

LOI can mean they agree that they want to make this deal happen on "general important terms" to each party

An acutal binding written agreement, especially one of this magnitude could take many months to complete. The amount of back and forth between legal teams over the smallest details can be daunting.

I wish it was as easy as signing an LOI but they aren't nearly as intricate, detailed or sensitive as what a contract would be. Not to mention it is very rare that both sides are 100% ok with the terms and no contract negotiation is needed.

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