Lubricant Recycling
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ReGen III Provides Management Update
Newsfile· 2025-10-22 21:01
Core Insights - ReGen III Corp. has appointed Kirk McNamara as Chief Commercial Officer, who has been pivotal in driving the company's initiatives since joining as a consultant in March 2025 [1][2] - The company aims to become the world's largest producer of sustainable, re-refined Group III base oils, leveraging its patented ReGen™ technology to transform used motor oil into high-quality base oils [3][5] - ReGen III's process is designed to deliver up to 82% lower CO₂e emissions compared to virgin crude derived oils, aligning with the growing global demand for sustainable solutions [3][4] Company Developments - Kirk McNamara has been granted 625,000 stock options at a price of $0.19 per option, valid for five years, with performance milestones required for exercisability [3][8] - The company has completed FEL2 and value engineering for its flagship facility in Texas City, Texas, which is designed to produce 5,600 barrels per day (bpd) of high-quality, circular base oils [4] - ReGen III is exploring opportunities to deploy its patented technology in other strategic markets beyond Texas City [4] Market Positioning - The company is positioned to meet the rising demand for higher quality, circular base oils, aiming to set a new standard for performance and responsibility in the global lubricants market [5]