ReGen III Dividend Coverage

What does ReGen III do? ReGen III Corp, trading under the ticker GIII.V, is a Canadian energy company headquartered in Vancouver. The company's official website is https://www.regeniii.com/. ReGen III Corp has an IPO date of June 12, 1985, and currently employs five people. The company operates in the energy sector, specifically within the energy industry. ReGen III Corp is focused on oil processing, utilizing its ReGen technology to produce high base lubricating oils. The ReGen technology is noted for producing a 53% yield of Group III base oil, which is a high-margin product used in performance synthetic motor oils. The company is developing a brownfield re-refinery in Texas City, Texas, referred to as the Texas Facility. Additionally, ReGen III Corp is involved in Koch Project Solutions, LLC (KPS), which provides project execution management services for the Texas Facility. The company is also working on a ReGen facility in the United States Gulf Coast, currently in the site selection and negotiation phase. ReGen III Corp aims to build or enhance UMO re-refineries and license its intellectual property globally. The company's operations span across Texas and Alberta, with a focus on re-refining processes and base oil production. ReGen III is one of the most popular companies on Eulerpool.