– CANADA, Vancouver – Gen III Oil Corporation (TSX: GIII | OTC: ISRJF) today announced the appointment of Brian O’Sullivan to its Board of Directors, effective immediately.
The appointment aligns with the Company’s continuous improvement strategy and expansion of expertise at the Board level.
“On behalf of the Board, I am thrilled to welcome Brian and look forward to working together in leveraging his insight and experience,” said CEO, Gregory Clarke. “Brian is a proven entrepreneur and his international experience, understanding of renewable energy, project development and capital raising in the ESG space will be a huge asset for us as we continue to build on the momentum created by the interest shown in our re-refined base oils from multiple super-majors.”
In conjunction with the appointment of Brian O’Sullivan, the Board has accepted the resignations of Bryan Nethery and John Detmold, effective September 30, 2020. The Company thanks Bryan and John for their years of service to the Company and we wish them well with their future endeavours.
About Brian O’Sullivan
Mr. O’Sullivan is currently the President & CEO of Cachet Capital Inc. and is responsible for their Renewable Energy Operations. A lawyer by training and an early mover in the renewable energy space, Mr. O’Sullivan will contribute significant expertise relevant to the Company’s operations and development.
Mr. O’Sullivan started developing wind projects in 1982 and has been a leader in the renewable energy industry since then. Mr. O’Sullivan served on the Board of the American Wind Energy Association and eventually became its President. Mr. O’Sullivan co-founded the California Wind Energy Association and served as its President for 5 years. Mr. O’Sullivan and his associates have developed projects in over 10 countries including the US, Mexico, India and Italy with over 2500 MW installed worldwide. Mr. O’Sullivan draws on his extensive knowledge and experience from operating various companies globally and most recently Mexico Power Group, where he participated in developing a 130 MW wind farm for Volkswagen, AG. Mr. O’Sullivan holds a B.A. in Philosophy, from Stanford University and a law degree from the University of Toronto.
About Gen III
Gen III is first and foremost a cleantech company, that is building a green project that has compelling economics, without government subsidies. Gen III owns a portfolio of patented technologies that enable used motor oil re-refineries to produce a higher value product mix of base oils than traditional methods, including 55% Group III. The Company currently holds 8 patents issued in North America, 2 patents issued overseas and has 7 patent applications, patents pending or under review in strategic countries/regions around the world. The Company’s first full-scale facility is currently under development in Alberta, with targeted production commencing 18 months after the requisite financing is obtained. With off-take agreements in hand, the Company has in place agreements for the sale of all its finished products when commercial production begins at its Alberta facility. The Alberta facility is being designed to process 2,800 bpd of used motor oil into a range of base stocks and related petroleum products.
For more information: https://www.geniiiesg.com/
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