Mar 13, 2019
Key Points:
- Very high caliber management team with strong track records.
- CEO Gregory Clarkes was the founder, director, and
significant shareholder of Skye Resources Inc., which was sold to
HudBay Minerals Inc. in 2008 for $460 million.
- View management team full bio here https://www.geniiioil.com/corporate/managment/
- Existing facility includes all utilities, tank storage, truck and
rail handling, fire fighting systems, retention and settlement
ponds, site access and roadways.
- Estimated facility capex savings of $30 million.
- 20 Year site lease with Parkland Refining.
- Pre FEED studies completed by Stantec and WSP.
- ReGen technology proven to be commercially viable and
economically scaleable.
- Higher yields, lower capex, and lower opex compared to other
competing re refiners.
- In talks with various firms about potentially
licencing utilizing proprietary technology, joints ventures
and builds.
- 5 Year off-take agreement with Elbow River.
- Environmental benefits is reducing greenhouse gas emissions,
diverts chemical waste from being burned or dumped, utilizing
Bowden facility decreases environmental footprint compared to
construction of a new refinery. Estimated 360,000 tonnes CO2
emissions reduction per year.
- Estimated 9 million dollars in greenhouse gas credits per
year.
- Re-refining is more lucrative than crude oil refining because you
start with a cleaner product.
- Estimated 61M EBITDA per 1000 BPD of group 3 production and 34M
EBITDA per 1000BPD The Bowden re-refinery.
- Gross 170 million projected first year with EBITDA of 85 Million
on first full year of production.
- Demand for Group 3 oil in North America is over 17000 BPD while
48000 BPD is produced in North America.
- 16 Domestic or international patents currently issued or
pending.
https://www.geniiioil.com