Comstock expands partnership with RenFuel

In Nevada, Comstock announced advances on amended agreements with RenFuel involving the development of RenFuel’s pre-existing, planned biorefinery project at a pulp and paper mill in Sweden. The amendments also anticipate expanding the scope of the Comstock partnership with RenFuel in the European markets. Sven Löchen, RenFuel’s chief executive officer, said: “The subsidiary liquidation is important to streamlining our structure in anticipation of scaling our process together with Comstock’s planned facilities, both in the Americas and Europe. We are excited by our partnership and the significantly expanded markets of our joint technologies.” Corrado De Gasperis, Comstock’s executive chairman and chief executive officer, said; “Comstock has decided to prioritize various opportunities for construction commercial facilities based on joint applications of Comstock’s and RenFuel’s technologies in the Americas, including an initial 50,000 TPY facility and at least one 1,000,000 TPY facility primarily designed to convert qualified biomass feedstocks into SAF and renewable diesel. This is consistent with all of the ongoing discussions with our strategic and capital partners. Comstock said its proprietary technologies are proven to convert lignocellulosic biomass into cellulosic ethanol and proprietary Bioleum biointermediate blends at yields exceeding 100 gallons per dry ton of biomass on a gasoline gallon equivalent basis. Comstock is already using RenFuel’s patented catalytic esterification technology to refine its proprietary Bioleum derivatives into Hydrodeoxygenated Bioleum Oil (HBO), for use by advanced biofuel refineries in blending with, diversifying, and extending conventional hydroprocessed fat, oil, and grease feedstocks that can simultaneously produce SAF and Renewable Diesel Fuel. Comstock holds the exclusive license to RenFuel’s refining technologies in North America, Central America, and South America.

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