ReGen III Corp (TSE:GIII) has released an update.
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ReGen III Corp, a leader in upcycling used motor oil into sustainable base oils, has taken a significant step forward by submitting Part I of its application to the U.S. Department of Energy’s Loan Programs Office, seeking non-dilutive financing under the Title 17 Clean Energy Financing Program. This move is part of the company’s strategy to secure funding for its clean energy projects and could potentially result in a loan guarantee exceeding $100 million. ReGen III’s innovative technology is expected to significantly cut CO2 emissions, advancing the company’s goal to become the world’s largest producer of sustainable Group III base oil.
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