http://www.regeniii.com/gen-iii-signs-definitive-agreement-with-super-major/
"Gen III Signs Definitive Agreement with Super Major
"VANCOUVER, British Columbia (Newsfile Corp. – May 3, 2021) — Gen III Oil Corporation (“Gen III” or “the Company”) (TSXV: GIII) (OTCQB: ISRJF) (FSE: PN41) is pleased to announce that further to the Company’s press releases dated November 5th and 18th, 2020 and January 7th and March 23rd, 2021, Gen III has signed a definitive offtake agreement (the “Definitive Agreement”) with the super major for the Company’s base oil production from its proposed 5,600 bpd US Gulf Coast re-refining facility.
Gen III will issue further information as soon as it clears necessary approvals.
In advance, we want to thank the super major and our shareholders for their patience and support while the Definitive Agreement was being negotiated.
About Gen III
Gen III is a cleantech company creating more sustainable solutions that include better environmental outcomes and compelling economics. 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, including 55% Group III. For more information about the Company, please visit www.geniiiesg.com.
On Behalf of the Board of Gen III Oil Corporation“Greg Clarkes”Greg Clarkes
Chief Executive OfficerFor further information, contact Mark Redcliffe at (778) 668-5988.
