Comstock Fuels Amends License with RenFuel
Comstock Inc. (NYSE: LODE) announced that its subsidiary, Comstock Fuels , has expanded its exclusive license agreement with RenFuel K2B AB. The amendment extends the territory from the Americas to include Australia, New Zealand, and Vietnam for RenFuel's patented catalytic esterification process used in refining Comstock's proprietary Bioleum biointermediates. This expansion aims to facilitate ongoing project development by licensees of Comstock Fuels' lignocellulosic biomass refining process. The technology integrates proven systems to create Bioleum Refineries, converting woody biomass into renewable fuels.
Comstock Inc. (NYSE: LODE) ha annunciato che la sua filiale, Comstock Fuels, ha ampliato il contratto di licenza esclusiva con RenFuel K2B AB. L'emendamento estende il territorio dalle Americhe per includere Australia, Nuova Zelanda e Vietnam per il processo di esterificazione catalitica brevettato di RenFuel utilizzato nella raffinazione dei biointermediari Bioleum di proprietà di Comstock. Questa espansione mira a facilitare lo sviluppo dei progetti da parte dei licenziatari del processo di raffinazione della biomassa lignocellulosica di Comstock Fuels. La tecnologia integra sistemi collaudati per creare raffinerie di Bioleum, convertendo la biomassa legnosa in combustibili rinnovabili.
Comstock Inc. (NYSE: LODE) anunció que su subsidiaria, Comstock Fuels, ha ampliado su acuerdo de licencia exclusiva con RenFuel K2B AB. La enmienda extiende el territorio de las Américas para incluir Australia, Nueva Zelanda y Vietnam para el proceso de esterificación catalítica patentado de RenFuel utilizado en el refinamiento de los biointermediarios Bioleum de Comstock. Esta expansión tiene como objetivo facilitar el desarrollo continuo de proyectos por parte de los licenciatarios del proceso de refinación de biomasa lignocelulósica de Comstock Fuels. La tecnología integra sistemas probados para crear refinerías de Bioleum, convirtiendo biomasa leñosa en combustibles renovables.
Comstock Inc. (NYSE: LODE)는 그 자회사인 Comstock Fuels가 RenFuel K2B AB와의 독점 라이선스 계약을 확대했다고 발표했습니다. 수정된 계약은 미국에서 호주, 뉴질랜드, 베트남으로의 영토를 확대하여 RenFuel의 특허 받은 촉매 에스터화 과정을 Comstock의 독점 Bioleum 바이오 중간체 정제에 사용합니다. 이 확장은 Comstock Fuels의 리그노셀룰로오스 바이오매스 정제 공정의 라이센스 사용자가 진행 중인 프로젝트 개발을 촉진하는 것을 목표로 합니다. 이 기술은 목재 바이오매스를 재생 가능한 연료로 전환하는 Bioleum 정유소를 만들기 위해 검증된 시스템을 통합합니다.
Comstock Inc. (NYSE: LODE) a annoncé que sa filiale, Comstock Fuels, a étendu son accord de licence exclusif avec RenFuel K2B AB. L'amendement étend le territoire des Amériques pour inclure l'Australie, la Nouvelle-Zélande et le Vietnam pour le processus d'estérification catalytique breveté de RenFuel utilisé dans le raffinage des biointermédiaires Bioleum de Comstock. Cette expansion vise à faciliter le développement continu de projets par les licenciés du processus de raffinage de biomasse lignocellulosique de Comstock Fuels. La technologie intègre des systèmes éprouvés pour créer des raffineries de Bioleum, convertissant la biomasse ligneuse en combustibles renouvelables.
Comstock Inc. (NYSE: LODE) gab bekannt, dass ihre Tochtergesellschaft Comstock Fuels ihre exklusive Lizenzvereinbarung mit RenFuel K2B AB erweitert hat. Die Änderung erweitert das Territorium von den Amerikas auf Australien, Neuseeland und Vietnam für den patentierten katalytischen Esterifizierungsprozess von RenFuel, der zur Raffinierung der proprietären Bioleum-Biointermediate von Comstock verwendet wird. Diese Expansion zielt darauf ab, die fortlaufende Projektentwicklung durch die Lizenznehmer des lignocellulosischen Biomasse-Raffinierungsprozesses von Comstock Fuels zu erleichtern. Die Technologie integriert bewährte Systeme zur Schaffung von Bioleum-Raffinerien, die holzige Biomasse in erneuerbare Brennstoffe umwandeln.
- Expansion of territorial rights for proprietary technology to Asia-Pacific markets
- Progress in development of demonstration and commercial scale facilities
- Integration of proven systems for market-leading yields and profitability potential
- None.
Insights
The expanded licensing agreement for RenFuel's catalytic esterification technology into the Pacific Rim markets represents a strategic expansion for Comstock Fuels' Bioleum biofuel development. While this territorial expansion could potentially increase the addressable market, several key factors limit immediate impact:
The technology integration combines Comstock's biomass refining process with RenFuel's esterification to create renewable fuels, but no specific financial terms, revenue projections, or facility construction timelines were disclosed. The announcement mentions "demonstration and commercial scale facilities" but lacks concrete details about capacity, investment requirements, or expected production volumes.
For a small-cap company (
Expands Territory in Advance of Accelerating Project Development in Pacific Rim
VIRGINIA CITY, Nev., Nov. 19, 2024 (GLOBE NEWSWIRE) -- Comstock Inc. (NYSE: LODE) (“Comstock” and the “Company”) today announced the execution by its subsidiary, Comstock Fuels Corporation (“Comstock Fuels”), of an amendment to its exclusive license agreement with RenFuel K2B AB (“RenFuel”) for use of RenFuel’s patented catalytic esterification process to refine Comstock Fuels’ proprietary BioleumTM biointermediates. The amendment expanded the territory from North America, Central America, and South America to include Australia, New Zealand and Vietnam to facilitate ongoing project development by licensees of Comstock Fuels broader lignocellulosic biomass refining process.
Johan Löchen, RenFuel’s chief executive officer, stated, “Comstock and its licensees are making great and rapid progress developing sites for construction of demonstration and commercial scale facilities based on Comstock’s Bioleum refining process, including RenFuel’s patent catalytic esterification process. Our partnership with Comstock has been productive in many ways and we are pleased with the rapid progress and the mutual benefits of expanding the scope of our collaboration and our license.”
David Winsness, Comstock Fuels’ president, added, “Our patented and patent-pending technologies integrate proven systems from multiple industries in new ways to create a new class of petroleum refinery – a Bioleum Refinery, to refine abundant woody biomass into renewable fuels at market-leading yields and profitability. The RenFuel process is a key enabling step in that integration and we continue to be excited to work with the RenFuel team on our combined commercialization efforts.”
About RenFuel K2B AB
RenFuel innovates technologies that contribute to decarbonization and circularity by effectively turning under-utilized biomass waste and residues into renewable fuels and materials. To learn more, please visit www.renfuel.se.
About Comstock Fuels Corporation
Comstock Fuels delivers advanced lignocellulosic biomass refining solutions that set industry benchmarks for production of cellulosic ethanol, gasoline, renewable diesel, sustainable aviation fuel (“SAF”), and other renewable fuels, with extremely low carbon intensity scores of 15 and market-leading yields of up to 125 gallons per dry metric ton of feedstock (on a gasoline gallon equivalent basis, or “GGE”), depending on feedstock, lignin content, site conditions, and other process parameters.
Comstock Fuels plans to directly build, own, and operate a network of Bioleum Refineries in the U.S. to refine 50 million tons of biomass annually into 8 billion gallons of renewable fuel by 2035, corresponding to
About Comstock Inc.
Comstock Inc. (NYSE: LODE) innovates and commercializes technologies that are deployable across entire industries to contribute to global decarbonization and the clean energy transition by efficiently extracting and converting under-utilized natural resources, such as waste and other forms of woody biomass into renewable fuels, and end-of-life electronics into recovered electrification metals. Comstock’s innovations group is also developing and using artificial intelligence technologies for advanced materials development and mineral discovery for sustainable mining. To learn more, please visit www.comstock.inc.
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For investor inquiries:
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ir@comstockinc.com
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questions@comstockinc.com
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FAQ
What territories were added to Comstock Fuels' license agreement with RenFuel?
What is the purpose of Comstock's Bioleum Refinery technology (NYSE: LODE)?
How does RenFuel's technology contribute to Comstock's (NYSE: LODE) Bioleum process?
