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About ReGen III Corp
ReGen III Corp (OTCQB: ISRJF) is a pioneering clean technology company specializing in the upcycling of used motor oil (UMO) into high-value Group III base oils. Utilizing its proprietary and patented ReGen™ process, the company transforms waste oil into a sustainable and economically valuable resource. This innovative approach addresses critical environmental challenges while catering to the growing demand for premium base oils used in high-performance lubricants.
Core Business Operations
The company operates at the intersection of sustainability and advanced engineering, focusing on the re-refining of UMO through its state-of-the-art ReGen™ process. This process not only reduces the environmental impact associated with traditional oil disposal but also delivers a product that meets or exceeds the quality of virgin crude-derived base oils. ReGen III's operations are designed to generate high-value outputs, including Group III base oils, which are in increasing demand for use in automotive and industrial lubricants.
Market Position and Differentiation
ReGen III is strategically positioned within the base oil market, a sector that is both underserved and ripe for sustainable innovation. The company's focus on Group III base oils, which are known for their superior performance characteristics, sets it apart from traditional oil refiners and other UMO recyclers. Additionally, its patented technology offers significant environmental benefits, including an estimated 82% reduction in CO2e emissions compared to virgin crude-derived base oils combusted at the end of life. This positions ReGen III as a leader in the sustainable energy transition.
Revenue Streams and Business Model
ReGen III's primary revenue streams include the sale of Group III base oils and other co-products derived from its refining process. The company also explores monetization opportunities through greenhouse gas (GHG) credits, leveraging its environmentally friendly operations to generate additional value. Its business model is supported by strategic partnerships with leading engineering and construction firms, ensuring the scalability and efficiency of its operations.
Technological Innovation
At the heart of ReGen III's operations is its patented ReGen™ process, a cutting-edge technology that enables the efficient conversion of UMO into high-quality base oils. The process has been validated through rigorous testing and pilot studies, demonstrating its ability to produce consistent and high-yield outputs. With a robust portfolio of 19 patents issued, allowed, or accepted globally, and 13 patents pending, ReGen III has established a strong intellectual property foundation.
Environmental Impact
ReGen III's operations are aligned with global sustainability goals, offering a solution that significantly reduces greenhouse gas emissions and minimizes waste. The company's commitment to environmental stewardship is further reinforced by its collaboration with ClearBlue Markets, an environmental consultancy firm specializing in carbon markets. This partnership underscores ReGen III's potential to contribute to a circular economy while generating compelling economic outcomes.
Competitive Landscape
Operating in a niche segment of the oil and energy industry, ReGen III faces competition from both traditional oil refiners and other UMO recyclers. However, its focus on Group III base oils, combined with its proprietary technology and strong environmental credentials, provides a competitive edge. The company's ability to secure offtake agreements and engage with major industry players further validates its market relevance.
Challenges and Opportunities
While ReGen III operates in a promising market, it faces challenges such as the need for significant capital investment, regulatory compliance, and competition from established players. However, its alignment with global trends toward decarbonization and sustainable resource management presents substantial growth opportunities. By leveraging its innovative technology and strategic partnerships, ReGen III is well-positioned to navigate these challenges and capitalize on emerging market dynamics.
ReGen III Corp (TSXV: GIII) (OTCQB: ISRJF), a clean technology company focused on upcycling used motor oil into Group III base oils, has provided a strategic update through CEO Tony Weatherill's video presentation.
Key developments include:
- Growing Group III market driven by OEM and consumer demand for synthetic oils
- Industry shift towards sustainability and circular re-refined base oils (RRBOs)
- Enhanced commercial engagement with potential off-takers
- Active pursuit of strategic partnerships to accelerate market entry
- Addition of Kirk McNamara as base oils consultant, bringing 15 years of industry experience
- Plans to implement regular investor updates
The company aims to capitalize on the evolving base oils and lubricants industry, with a focus on delivering substantial news in 2025 that will influence its trajectory.
ReGen III Corp (OTCQB: ISRJF) has appointed Kirk McNamara as a consultant, bringing over 15 years of base oils and chemicals industry expertise. McNamara, former Director of Base Oils at Motiva Enterprises, led a multi-billion-dollar base oil business achieving significant EBITDA growth.
McNamara's notable achievements include playing a key role in Aramco's $2.7 billion Valvoline acquisition and raising over $180 million in capital for strategic initiatives. At Motiva, he chaired the Base Oils Sustainability Committee and led global initiatives with S-Oil and Luberef as part of Aramco's Base Oils Alliance.
In his new role, McNamara will focus on driving strategic partnerships, market expansion, and sustainability efforts. As part of his consulting agreement, he has been granted 2 million stock options at CAD $0.25 per option, valid for five years, with performance and time-based vesting milestones.
ReGen III Corp. (TSXV: GIII) (OTCQB: ISRJF) announced its CEO Tony Weatherill will attend the 29th ICIS World Base Oils and Lubricants Conference from February 12-14, 2025, in London, UK. The conference, a major industry event attracting over 450 delegates and 50 expert speakers, will focus on emerging technologies and sustainability, including re-refined base oils, sustainable lubricants, green refineries, product carbon footprint, and engine decarbonization.
The company, which specializes in upcycling used motor oil into high-value Group III base oils, views the conference as an opportunity to engage with industry leaders and advance discussions with offtake parties and potential strategic partners regarding their sustainable re-refined Group III solutions.
ReGen III Corp. (TSXV: GIII) (OTCQB: ISRJF), a clean technology company focused on upcycling used motor oil into Group III base oils, has announced two share-related transactions:
1. The company will pay $45,150 in semi-annual debenture interest through issuing approximately 118,501 common shares at $0.381 per share, subject to TSX Venture Exchange approval.
2. The company has completed a previously announced settlement of $164,850 in debenture interest by issuing 714,555 common shares at $0.2307 per share, with a hold period ending April 19, 2025.
ReGen III Corp. (TSXV: GIII) (OTCQB: ISRJF), a clean technology company focused on upcycling used motor oil into Group III base oils, has announced its decision to settle its semi-annual interest payment of $164,850 through the issuance of approximately 714,564 common shares at $0.2307 per share. The share issuance is subject to TSX Venture Exchange approval and will have a four-month hold period from the closing date.
ReGen III Corp. (TSXV: GIII) (OTCQB: ISRJF) (FSE: PN4) has announced executive changes effective immediately. Greg Clarkes has stepped down as CEO for personal reasons but will continue as Chairman of the Board. Mark Redcliffe, previously the President, has been appointed as the new CEO and President.
Clarkes founded ReGen III in 2017, securing patents and shifting the company's focus to high-value re-refining. He played a important role in obtaining FEL2 financing and negotiating a multi-year offtake agreement with bp Products North America. Under his leadership, the company developed its proprietary ReGen™ process, protected by 32 pending or awarded patents.
Redcliffe, who joined the company in 2018, has been instrumental in key successes including feedstock and offtake agreements, product certifications, and financial partnerships. The Board expressed confidence in Redcliffe's ability to lead the company and advance ongoing negotiations.
ReGen III Corp. (TSXV: GIII) (OTCQB: ISRJF) (FSE: PN4), a clean technology company specializing in upcycling used motor oil, has announced two significant updates. Firstly, the company's 2021 patent application to the Intellectual Property Office of Singapore (IPOS) for its ReGen™ process has been deemed eligible for grant, effective March 11, 2024. This brings ReGen III's total to 20 patents issued, accepted, or eligible for grant, with an additional 12 patents pending globally. Secondly, the company reported the resignation of Catherine Banat from its Board of Directors. These developments highlight ReGen III's ongoing efforts to strengthen its intellectual property portfolio and evolve its corporate governance structure.
ReGen III has advanced in its application for a U.S. Department of Energy (DOE) loan guarantee to fund its RG3 Texas Project.
The project, eligible as an Innovative Energy Project, aims to produce Group III base oils using its patented ReGen™ process. This DOE loan could cover up to 70% of the project's engineering and construction costs.
ReGen III's successful Part I application gathered data from consultants and financial advisors, and it met the DOE's stringent requirements. The proposed Texas facility is expected to produce 3,000 barrels per day of Group III base oils and reduce North American imports by 11%.
The project is also projected to cut CO2 emissions significantly, equivalent to 900,000 tonnes of CO2e annually.
However, the DOE's eligibility determination does not guarantee loan approval, which will depend on further review.
ReGen III Corp. has been invited to present at the Emerging Growth Conference to showcase its patented ReGen™ process that upcycles used motor oil into high-value Group III base oils. The presentation will cover the Company's overview, technological advantages, and growth initiatives on May 9, 2024. Investors and analysts are encouraged to attend the interactive session.
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