Regen iii invited to prepare part ii application for u.s. department of energy loan guarantee

Company achieves milestone toward securing doe-guaranteed loan to advance production of sustainable group iii base oils through patented regen(tm) process vancouver, british columbia--(newsfile corp. - june 19, 2024) - regen iii corp. (tsxv: giii) (otcqb: isrjf) (fse: pn4) ("regen iii" or the "company"), a leading clean technology company commercializing the patented regen™ process to upcycle used motor oil ("umo") into high-value group iii base oils, today announces that the loan programs office ("lpo") of the department of energy ("doe") has informed the company that its 5,600 barrel per day rg3 texas llc project meets the definition of an eligible innovative energy project, marking a milestone in the application process. this determination by the lpo enables regen iii to commence its part ii application for a loan guarantee (the "part ii application") under title 17 of the energy policy act of 2005.
GIII Ratings Summary
GIII Quant Ranking