Regenx Tech Corp. C.RGX

BASF acquires Zodiac Enterprises - 2021

[AlfTanner]

(The terms of the transaction were not disclosed.)

BASF expands chemical catalyst recycling capacity and capability
 

BASF acquires Zodiac Enterprises LLC assets in Caldwell, Texas

Acquisition will grow BASF’s circular economy business in catalyst recycling

Complements BASF’s precious metal recycling in Seneca, South Carolina

 

ISELIN, NJ, July 2, 2021 — BASF has expanded its chemical catalyst recycling capacity and capability with the acquisition of Zodiac Enterprises LLC in Caldwell, Texas. The site recycles precious metals from industrial scrap, primarily chemical catalysts, and will complement BASF’s existing precious metal recycling operations in Seneca, South Carolina. It will also provide increased smelting capacity in North America. Additional personnel will be hired to expand the site’s production capabilities.

 

“This investment allows us to meet the increased customer demand for recycling spent chemical and automotive catalysts,” said Tim Ingle, Vice President, BASF Precious Metals Refining, Chemicals & Battery Recycling. “We are proud to enable the circular economy since recycling metal emits as much as 90 percent less CO2 than refining primary metal from a mine.”
 

[calerxx]

Anyone know what Zodiac got out of the deal? what were they worth before and after?   My fear is selling out for pennies on the dollar when there's so much potential.

[Ballsofire]

Selling out would be foolish, this process has a cash cow potential. Just franchising the commercial units around the world, and eventually being in a position to finance the projects are a few options.

[KevinOleary]

Terribly boring wild guesses. Hold off on publishing your book until you at least find if the process works. What happened to rancher's claims of profit at 47%, posters too busy plotting takeovers to get Greg's opinion?

[canuck1326]

why do you claimi it doesn't work? Burden of proof is on you.  The company says it does.  The complany that has the NDA in place and an agreement to take the "black poweder" must see something it likes.  The pilot plant worked to the point they are scaling up (I am understand things don't always scale). They are planning on having a grand opening to  the

[KevinOleary]

I didn't say it doesn't work, just that Greg told me 80% will not be economical. I got asked a week ago and said Greg told me that. It is uncertain if the plant  can economically scale up so it's silly for people to be calculating their takeover scenarios when they have no clue if there is any profit. One guy even claims the refineries will subsidize the plant and he must think

[djstone56]

I've never seen any reference to "47%" in anyone's posts on here, so I'm not sure where that's coming from.  What we have been told by the Company is that in the most recent testing with the new heater, is that extraction rates exceeded 90%.  Having said that, the new gas line wasn't installed yet so the new boiler system wasn't running at optimum heat

[KevinOleary]

Do you have rancher on ignore? He posted a few weeks ago the plant will make lots of money if it recovers half of the amount of metals it was designed to.  Half of 95% is 47.5%. I got attacked for saying it has to be somewhere above 80% but somehow the happy bs dream that rancher posts here didn't even get questioned.

[djstone56]

Nope...I don't have Rancher on ignore and although I don't recall reading that specific post, I take your word that he said it.  My initial reaction is that it was an off the cuff, general comment about the potential profitability of the Company if they can actually do what they claim they can.  I've never specifically asked Greg if 80% recovery rates are economically viable

[KevinOleary]

He told me 80% is not economical. Your math and assumptions are bad, and I'm not going to waste time explaining the errors when I got Greg's response long ago.  Here's the pumper's post that you missed. He should have said if it just works half as well, this project is dead.  ".and that plant works "even half" as well as advertised ................hold on

[corazon1]

Geeeezzzzz. Who cares.   I ,like most others appreciate Ranchers input   

[Therancher]

The ignore button is easily found because...........I found it ;););) Lawsuit brought in Canada, RGX is a ...........USA company!!!!!!  GOOD LUCK!!! If RGX really is a $1,000,000,000 company with one full plant running ..............what is it worth with 50 plants running and...............at that point you donate Cehegin to the Spanish Government for a "park". ;););) GLTOYOU&

[canuck1326]

You must be special becasue I've asked the company via email on a couple of occassions what sensitiviy models they have for profitability and I have been consistently told that will need to be shared to all shareholders

[djstone56]

So KevinOleary.  I reached out to Greg to see if he had told anyone that an 80% extraction rate was not economical.  His response was unequivocal..."I have never said that to anyone".  He further said, "Ask him for his phone number so I can call him on it."  I know that you'll be reluctant to post your phone number, but if you'd like to message me