Post by
Schoener on Oct 26, 2021 4:13am
GIII confirms validation by only pilot plant testing
Refering to information on the GIII website :
" Our technology has been validated in two independent pilot plant tests ... "
https://www.regeniii.com/corporate/corporate-profile/
If the GIII technology has only been tested in pilot plants , there is a significant production risk , since it still needs to be demonstrated that the technology will work on a full commercial scale.
Taking into consideration this significant production risk, it is not difficult to understand why :
- previous owners never succeeded in succesfully bringing this technology in production
- GIII has not been able to close any financing in a 4 year time frame
- we are hearing again news on delays for obtaining financing
- BP is staying muted on the GIII collaboration and offtake, they want to see the financing to be closed first