Vancouver, British Columbia — (Newsfile Corp. – June 15, 2023) — ReGen III Corp. (TSXV: GIII) (OTCQB: ISRJF) (FSE: PN4) (“ReGen III” or the “Company”) is pleased to announce the appointment of Christine O’Grady (“O’Grady”) as EVP, Supply, Origination and Business Development, effective July 10, 2023 (“Commencement Date”). With an impressive track record in driving new business opportunities, O’Grady brings a unique combination of technical expertise and commercial acumen to her role.
O’Grady will join ReGen III with over nineteen years of experience in the energy sector, specializing in origination and business development within the hydrogen, renewables and oil industries. O’Grady’s strong technical background, coupled with her innovative thinking and analytical approach, has consistently resulted in the delivery of new business opportunities and revenue growth.
Prior to joining ReGen III, O’Grady held key positions, including Senior Manager of Energy, Supply and Trading at Nikola Motor Company and Trading Originator and Business Development Lead at bp Products North America. Notably, O’Grady led hydrogen origination efforts, successfully negotiating supply contracts and driving collaboration with new markets. O’Grady also played a pivotal role in executing commercial trading opportunities and securing long-term product offtakes in the Americas for bp, including her position as lead negotiator on the base oils Sales and Purchase Agreement with ReGen III.
“We look forward to Christine joining our leadership team, as her expertise in origination and business development, combined with her industry knowledge, will play a vital role in driving our growth and expansion in the base oil market,” said Gregory Clarkes, Chief Executive Officer of ReGen III. “Having worked and negotiated across the table from Christine over a period of fifteen months, we are confident that her specific skillset and leadership qualities will ensure we advance on and achieve our corporate goals.”
As EVP, Supply, Origination and Business Development, O’Grady will focus on identifying new business opportunities, cultivating strategic offtake partnerships, and driving growth initiatives within ReGen III. O’Grady’s strong leadership skills and ability to collaborate with cross-functional teams will enhance the company’s ability to deliver innovative solutions and maximize revenue.
“I am excited to be joining ReGen III and contribute to the Company’s growth,” said Christine O’Grady. “I look forward to leveraging my technical and commercial expertise to identify new business opportunities, forge strategic supply and offtake partnerships and continuing to drive ReGen III’s disruptive processing technology within the industry.”
With a Bachelor of Science degree in Chemical Engineering from the University of Illinois Chicago, O’Grady brings a solid technical foundation to her role. O’Grady’s nineteen years of refinery operations, trading and business development experience, leadership skills, and collaborative approach make her an invaluable asset to the ReGen III team.
In connection with O’Grady’s appointment, the Company will issue 500,000 stock options, to be priced in the context of the market on her Commencement Date.
About ReGen III
ReGen III is a cleantech company commercializing disruptive, patented technology to recycle used motor oil (“UMO”) into high-value Group III base oils. With a focus on creating sustainable solutions that generate better environmental outcomes and compelling economics, the Company’s ReGen™ process is expected to reduce CO2e emissions by 82% as compared to virgin crude derived base oils combusted at end of life.
In 2022, ReGen III completed FEL2 and value engineering for the Company’s 5,600 bpd UMO Texas recycling facility, where world class engineering, construction and licensed vendor teams – including Koch Project Solutions, LLC, PCL Industrial Management Ltd., Koch Modular Process Systems and Duke Technologies – are providing detailed design, construction, commissioning, and start-up services.
Operating in an underserved segment of the base oil market, ReGen III aims to become the world’s largest producer of sustainable Group III base oil.
For more information on ReGen III or to subscribe to the Company’s mailing list, please visit: www.regeniii.com/investors/corporate-presentations and www.regeniii.com/newsletter-subscription.
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Certain information other than statements of historical facts contained in this news release constitutes “forward-looking information” or “forward-looking statements” (collectively, “forward-looking information”). Without limiting the foregoing, such forward-looking information includes statements regarding the Company’s business plans, expectations, capital costs and objectives. In this news release, words such as “may”, “would”, “could”, “will”, “likely”, “believe”, “expect”, “anticipate”, “intend”, “plan”, “estimate” and similar words and the negative form thereof are used to identify forward-looking information. Forward looking information should not be read as guarantees of future performance or results, and will not necessarily be accurate indications of whether, or the times at or by which, such future performance will be achieved. Forward-looking information is based on information available at the time and/or the Company management’s good faith belief with respect to future events and is subject to known or unknown risks, uncertainties, assumptions and other unpredictable factors, many of which are beyond the Company’s control. For additional information with respect to these and other factors and assumptions underlying the forward-looking information made in this news release, see the Company’s most recent Management’s Discussion and Analysis and financial statements and other documents filed by the Company with the Canadian securities commissions and the discussion of risk factors set out therein. Such documents are available at www.sedar.com under the Company’s profile and on the Company’s website, www.ReGenIII.com. The forward-looking information set forth herein reflects the Company’s expectations as at the date of this news release and is subject to change after such date. The Company disclaims any intention or obligation to update or revise any forward-looking information, whether as a result of new information, future events or otherwise, other than as required by law.