The project will be located on a brownfield terminal site in Texas City that is owned and operated by Oiltanking North America, and will make use of extensive infrastructure already in place.

The project will process 5,600 bpd of UMO into Group III and Group II+ base oils and other products.

ReGen III is currently moving through the Front End Engineering and Design phase and is projecting the Texas Facility will be operational and running at full capacity 18 months after the requisite financing is obtained.