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 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.

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ReGen III Corp > BP has option to withdraw from Offtake by end of year

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Comment by lscfaon Nov 11, 2021 7:27pm

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Post# 34117526

RE:RE:BP has option to withdraw from Offtake by end of year

Basher idiot Schoener repeating himself. See thread from October 22

lscfa wrote:

Not a chance. BP wants this oil badly. That's why it wants first right of refusal on additional plants.

"The BP Offtake Agreement also provides BP with a right of first look to purchase (i) the offtake on any future facilities that will produce similar products; and (ii) the ability to purchase new products made by the Corporation."

On Oct 22/21 Schoener wrote:
BP has the contractual option to withdraw from the offtake agreement by end of year if no financing has been closed for the USGC facility in Texas.

If Cormark has the most updated information, that financing is only expected to close by end of Q1 next year.

Johann Schoener