ReGen III
ReGen III Corp. is a Canadian public clean-technology company that uses proprietary re-refining technology to convert used motor oil into high-value Group III base oils for lubricant manufacturers, and is developing a flagship facility in Texas City, Texas.
- Company typePublic
- Founded2019
- HeadquartersVancouver, Canada
- Headcount1–10
- GTM typeB2B
- OfferingHardware or Manufacturing
What ReGen III does
ReGen III Corp. (TSX Venture Exchange: GIII/RGIII) is a Canadian-domiciled, publicly listed clean-technology company that operates a single product line: re-refining used motor oil into high-value Group III base oils, the highest quality tier of base oils used in finished-lubricant formulations. The underlying technology is proprietary and is described as a novel method/architecture that converts waste feedstock (used motor oil) into premium industrial input previously sourced predominantly from virgin crude refining and concentrated in Middle Eastern supply. The company is advancing a flagship re-refining facility in Texas City, Texas, intended to serve North American lubricant manufacturers as a domestically sourced, circular-economy alternative as global Group III supply tightens.
The business model is industrial upstream-feedstock production (B2B) into the lubricants value chain. Revenue mechanics, pricing, contract structures, and customer names are not publicly disclosed in available material; no revenue has been reported and EBITDA is deeply negative across all reported periods, indicating a pre-revenue, project-development stage (source financials). The company monetizes exclusively through this single product category — Re-Refined Group III Base Oils — and targets a single primary use-case segment, lubricant manufacturers, with the stated problem solved being environmental disposal of used motor oil, reduced dependence on imported base oils, and supply-chain resilience against Middle Eastern disruption.
The company has been capitalizing through a series of equity and debt financings, most notably a $3.975M convertible-debenture refinancing with 97% holder participation (2025-11) and an oversubscribed three-tranche non-brokered private placement totaling $4.04M (2026-03 to 2026-04). It is led by President & CEO Tony Weatherill, with CSO Mark Redcliffe, CCO Kirk McNamara (appointed 2025-10), and CFO functions staffed; headcount is in the 1–10 range, consistent with a pre-construction development phase rather than an operating refinery.
ReGen III firmographics
Firmographics- Name
- ReGen III
- Legal name
- ReGen III Corp.
- Website
- https://geniiioil.com
- Company type
- Public
- Founded year
- 2019
- Operating status
- Operating
- Headcount range
- 1–10 employees
- Short description
- ReGen III Corp. is a Canadian public clean-technology company that uses proprietary re-refining technology to convert used motor oil into high-value Group III base oils for lubricant manufacturers, and is developing a flagship facility in Texas City, Texas.
- Ownership category
- akta.pro rank
ReGen III industry classification
Industry- Product category
- Re-refined base oils and renewable fuels
- NAICS
- Petroleum Lubricating Oil and Grease Manufacturing (324191), Petroleum Refineries (324110)
- SIC
- Petroleum Refining (2911), Miscellaneous Products Of Petroleum & Coal (2990)
- akta.pro primary industry
- Used Oil Collection, Re-refining & Circularity (Waste Oil, Recycled Base Oils) (EUALAJAK)
- akta.pro secondary industries
- Base Oil Production & Supply (Group I–V, Re-refined) (EUALAJAA), Used Oil, Lubricants & Industrial Fluids Recovery/Recycling (IMAIAFAM)
Keywords
Where ReGen III is headquartered
LocationHeadquarters
- HQ city
- Vancouver
- HQ country
- Canada
- HQ region
- North America
Markets served
ReGen III business model
Business model- GTM type
- B2B
- Offering type
- Hardware or Manufacturing
- Cost components
- Supply Chain, Operations, Infrastructure, Personnel, Technology or R&D
ReGen III product offering
Product offeringCore offering
ReGen III Corp. operates a used motor oil re-refining business that transforms waste lubricant feedstock into high-value Group III base oils. Its Texas City, Texas facility is designed to produce Group III base oils as the primary product, with renewable diesel, sustainable aviation fuel, and marine fuel as additional co-products from the same process.
Product overview
ReGen III operates as a clean technology company with a single core product focus: transforming used motor oil into high-value Group III base oils. The company is advancing a flagship recycling facility in Texas City, Texas with engineering partners, positioning to serve as a domestic circular-economy alternative to globally supplied base oils. The product offering centers entirely on this re-refining technology and the resulting sustainable base oil output.
Differentiator
Problem solved
Functional benefit
Products and services
- Re-Refined Group III Base Oils
- Renewable Diesel Renewable diesel produced alongside Group III base oils at ReGen III's Texas City facility, targeted at renewable fuel offtakers and downstream fuel blenders.
- Sustainable Aviation Fuel Sustainable aviation fuel (SAF) produced as a co-product at ReGen III's Texas City facility, supplying aviation fuel markets with a circular, lower-carbon feedstock.
- Marine Fuel Marine fuel produced as a co-product at ReGen III's Texas City facility, targeted at marine fuel offtakers and bunker fuel markets.
Quantifiable outcome
- Tightened global Group III base oil supplies from Middle Eastern disruptions create market opportunity for domestic circular alternatives
Companies that use ReGen III
Customer profileSegments1 record
Ideal customer profiles1 record
ReGen III technology and API
TechnologyTechnology focussed Yes
API detail
- Has API
- No
- API docs
- API detail
Core technology
AI maturity
App detail
Feature1 record
ReGen III partnerships and signals
Strategic signalScale indicators3 records
Recent moves6 records
Expansion highlights4 records
ReGen III competitors and assessment
Company assessmentDirect peers
- Heritage-Crystal Clean: US-based re-refiner and environmental services company that collects used oil and re-refines it into lubricant base oils and other products. Closest direct competitor to ReGen III's used motor oil to base oil model, though historically focused on Group II rather than Group III.
- Vertex Energy: Vertex operates used motor oil collection and re-refining assets, including a planned Group III base oil project in Texas. Direct peer to ReGen III, both pursuing Group III from used motor oil in the US Gulf Coast region.
- Safety-Kleen (Clean Harbors subsidiary): One of North America's largest used oil collectors and re-refiners, operating as part of Clean Harbors' environmental services business. Directly comparable as an established used oil re-refiner with national collection infrastructure.
Emerging players
- GreenMantle Technologies: Private used oil re-refining company pursuing re-refined base oils from waste oils. Comparable emerging player with similar circular-economy positioning, though at a smaller scale than ReGen III's Texas City project.
- Neste: Finnish renewable fuels and circular-economy leader producing renewable diesel and sustainable aviation fuel from waste feedstocks. Comparable as a circular-economy petroleum-adjacent company, though not directly competing in base oils.
Broad incumbents
- Calumet Specialty Products Partners: US specialty petroleum producer of lubricants, base oils, and specialty products including naphthenic and paraffinic base oils. Broad incumbent that competes in base oil markets though focused on specialty/renewable grades rather than waste-derived Group III.
- HF Sinclair (HollyFrontier): Large US petroleum refiner that produces lubricant base oils (including Group II/III) at scale. Broad incumbent providing competitive supply context for ReGen III's niche re-refined Group III.
- Phillips 66: Major US integrated energy company with significant lubricants and base oil production (including Group III at its Borger refinery). Broad incumbent in the domestic base oil market.
- SK Lubricants (SK Enmove): Major South Korean producer of Group III base oils (Yubase), one of the largest global suppliers. A key incumbent competitor whose Asian supply is precisely what ReGen III aims to displace in North America.
- Suncor Energy: Integrated Canadian energy company with base oil production. Relevant peer given ReGen III's Canadian domicile and overlap in North American lubricant feedstock supply chains.
Market position
Strengths5 records
Weaknesses5 records
Competitive moat3 records
Key risks6 records
Key highlights6 records
Customer concentration
ReGen III social profiles
Digital presenceReGen III financial estimates
Financial estimateRevenue estimate
Valuation estimate
ReGen III leadership team
Management profileNumber of profiles
Profiles5 records
ReGen III funding detail
Funding detailFunding overview
Funding rounds4 records
Investors
Funding detail is available on the Subscription and Enterprise plan.Contact sales →
ReGen III M&A and investment
M&A and investmentM&A
Investments
M&A and investment is available on the Subscription and Enterprise plan.Contact sales →
Frequently asked questions about ReGen III
What does ReGen III do?
ReGen III Corp. operates a used motor oil re-refining business that transforms waste lubricant feedstock into high-value Group III base oils. Its Texas City, Texas facility is designed to produce Group III base oils as the primary product, with renewable diesel, sustainable aviation fuel, and marine fuel as additional co-products from the same process.
Is ReGen III a public or private company?
ReGen III is a public company. It is classified as public and is currently operating.
When was ReGen III founded?
ReGen III was founded in 2019. It employs 1 to 10 people.
Where is ReGen III based?
ReGen III is headquartered in Vancouver, Canada, in the North America region.
Who are ReGen III's main competitors?
Direct peers on record are Heritage-Crystal Clean, Vertex Energy and Safety-Kleen (Clean Harbors subsidiary). Emerging players are GreenMantle Technologies and Neste. Broad incumbents are Calumet Specialty Products Partners, HF Sinclair (HollyFrontier), Phillips 66, SK Lubricants (SK Enmove) and Suncor Energy.
Does ReGen III have an API?
No public API is recorded for ReGen III.
What industry is ReGen III in?
ReGen III's product category is Re-refined base oils and renewable fuels. Its primary akta.pro industry code is EUALAJAK, Used Oil Collection, Re-refining & Circularity (Waste Oil, Recycled Base Oils), with a secondary code of EUALAJAA, Base Oil Production & Supply (Group I–V, Re-refined). Its NAICS code is 324191 and its SIC code is 2911.