ReGen III (GIII: TSXV)
Wholesale - Vancouver, British Columbia, Canada
ReGen III (GIII: TSXV) Employees
ReGen III (GIII: TSXV) Details
Gen III is first and foremost a cleantech company, that is building a green project that has compelling economics, without government subsidies. Gen III owns a portfolio of patented technologies that enable used motor oil ("UMO") re-refineries to produce a higher value product mix of base oils than traditional methods. Our technology has been validated in two independent pilot plant tests and by Stantec Consulting Ltd., WSP Canada, Wood Group Mustang, U.S. Department of Energy Oak Ridge Laboratory, Tetra Tech, Process Dynamics Inc. and Koch Modular Process Systems.Ticker: GIII (tsxv)The American Petroleum Institute, categorizes base oils into five main groups: I, II, III, IV and V. This breakdown is based on a combination of the refining method and the base oil's properties in terms of viscosity, the proportion of saturates and the sulfur content.The majority of traditional refiners only produce Group I through Group II+ base oils, which are used to formulate motor oils for older passenger car engines or for use in some industrial applications. Refineries currently produce only a small proportion of Group III, often referred to as synthetic oil and there is only one re-refiner in North America, currently producing 400 bpd of a low-grade Group III.Gen III's ReGen™ technology, produces a 55% yield of Group III, which is a high margin base oil used in the formulation of performance synthetic grade motor oils. Group III base oil is the fastest growing group of base oils as more automakers require the use of better-quality motor oils and consumers continue to switch to synthetic grade motor oils.Re-refining the highest value use for UMO, and also the most environmentally responsible because it prevents UMO's from being disposed of improperly, or burned as a fuel. Our environmental advisors calculate that the Bowden facility's ReGen™ process will reduce CO2 emissions by 360,000 tonnes per annum, which is equivalent to taking 76,000 cars off the road each year.
ReGen III (GIII: TSXV) Technologies
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