GIII - Multiple offtakesFrom the September 17th NR : " Commercial offtake negotiations with one of the super-majors continue to progress well. "
From the July 28th NR : " The Company has already received an indexed, commercial term-sheet from one potential purchaser. " I suppose if this indexed term sheet were from Parkland Fuels , who has an offtake on the production from the future plant in Alberta, the name of Parkland would have been mentioned.
From the October 1st NR : " the interest shown in our re-refined base oils from multiple super-majors.” . I can only assume that oil super majors are not only in the business of testing samples , and that after the final results of the testing , the second super major will want to push towards commercial discussions too.
So it is more than likely that we can expect announcements on multiple offtakes the coming weeks and months. Multiple offtakes implying a lot of Base oils those groups want to by from GIII.