ReGen III Corp (TSE:GIII) has released an update.
ReGen III Corp has reached a significant milestone in their pursuit of a DOE-guaranteed loan, which would cover up to 70% of the costs for constructing their Texas UMO re-refinery to produce sustainable Group III base oils. The company’s innovative ReGen™ process has been recognized as meeting the requirements for the Title 17 Clean Energy Financing Program, signaling a strong commitment to environmental benefits and domestic supply chain improvement. Upon completion, the facility is poised to significantly reduce North American imports of Group III base oils and cut CO2 emissions substantially.
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