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ReGen III Corp V.GIII

Alternate Symbol(s):  ISRJF

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 yield base lubricating oils in the industry. 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.


TSXV:GIII - Post by User

Post by Schoeneron Oct 22, 2021 8:32am
93 Views
Post# 34036551

Financing construction and production delayed

Financing construction and production delayed
Based on the Cormark report :

- Feed study from Koch only expected by end Q1 2022
- FID and closing of debt and equity financing by completion of Feed study
- Texas facility construction to commence mid 2022

Counting 15 to 20 months from construction to production, the Texas facility will only be in production in 2024 , if everything is going according to plan.

Shareholder better adapt their expectations accordingly.

Johann Schoener
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