Comstock Fuels executes license agreement with Gresham’s Eastern

In Nevada, Comstock announced the execution of a binding agreement between Comstock Fuels Corporation and Gresham’s Eastern, a sustainable energy engineering, equipment and construction company based in Pakistan, under which Comstock Fuels agreed to grant Gresham’s exclusive project and site development rights in Pakistan to enable Gresham’s to deploy Comstock Fuels’ proprietary and patented lignocellulosic biomass refining technologies to produce sustainable aviation fuel and other renewable fuels in Pakistan.

Gresham’s will develop an initial demonstration facility in Lahore, Pakistan, capable of processing 75,000 metric tons of biomass annually. This facility is designed to generate the prerequisite operational and economic data for scaling up to a 1,000,000 metric tons per year commercial facility,

Under the agreement, Gresham’s will lead the development, financing, construction, and management of renewable fuel production facilities based on Comstock Fuels’ proprietary Bioleum refining technologies.

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