Post by
AndreasG on Aug 29, 2021 9:10am
BP has verbally approved the OTGAL site
From the latest MD&A :
" On July 5, 2021, the Company entered into a non-binding letter of intent (“LOI”) with Oiltanking North America, LLC (“Oiltanking“), setting forth the conceptual terms that will guide further discussions between ReGen III and Oiltanking, regarding the provision of land and logistical assets for the construction and operation of the new re-refinery at the Oiltanking Galveston County Terminal (“OTGAL“) in Texas City, Texas. BP was subsequently notified the OTGAL site is the Company’s intended location for the USGC Facility. BP has verbally approved the site. At OTGAL, Oiltanking handles specialty chemicals and petrochemicals with more than 87,000 cubic meters of storage capacity on over 200 acres providing ample room for expansion opportunities."