Comstock Fuels Expands RenFuel Partnership
Comstock Fuels, a subsidiary of Comstock Inc. (NYSE American: LODE), has expanded its exclusive license agreement with RenFuel K2B AB for their patented catalytic esterification process. The territorial expansion now includes all of Asia and Africa, extending beyond the original coverage of North America, Central America, South America, Australia, New Zealand, and Vietnam.
The expansion aims to support ongoing project development by licensees of Comstock Fuels' lignocellulosic biomass refining process. The partnership integrates RenFuel's catalytic esterification process with Comstock's Bioleum™ biointermediates technology, creating a new class of petroleum refinery called a Bioleum Refinery. This integration enables the refinement of woody biomass into renewable fuels, promising market-leading yields and profitability.
Comstock Fuels, una filiale di Comstock Inc. (NYSE American: LODE), ha ampliato il suo accordo di licenza esclusiva con RenFuel K2B AB per il loro processo brevettato di esterificazione catalitica. L'espansione territoriale ora include tutta l'Asia e l'Africa, estendendosi oltre la copertura originale del Nord America, Centro America, Sud America, Australia, Nuova Zelanda e Vietnam.
L'espansione mira a supportare lo sviluppo continuo dei progetti da parte dei licenziatari del processo di raffinazione della biomassa lignocellulosica di Comstock Fuels. La partnership integra il processo di esterificazione catalitica di RenFuel con la tecnologia Bioleum™ di Comstock per i biointermediari, creando una nuova classe di raffineria di petrolio chiamata Raffineria Bioleum. Questa integrazione consente la raffinazione della biomassa legnosa in combustibili rinnovabili, promettendo rendimenti e profittabilità leader di mercato.
Comstock Fuels, una subsidiaria de Comstock Inc. (NYSE American: LODE), ha expandido su acuerdo de licencia exclusiva con RenFuel K2B AB para su proceso patentado de esterificación catalítica. La expansión territorial ahora incluye toda Asia y África, extendiéndose más allá de la cobertura original de América del Norte, América Central, América del Sur, Australia, Nueva Zelanda y Vietnam.
La expansión tiene como objetivo apoyar el desarrollo continuo de proyectos por parte de los licenciatarios del proceso de refinación de biomasa lignocelulósica de Comstock Fuels. La asociación integra el proceso de esterificación catalítica de RenFuel con la tecnología Bioleum™ de Comstock para biointermediarios, creando una nueva clase de refinería de petróleo llamada Refinería Bioleum. Esta integración permite la refinación de biomasa leñosa en combustibles renovables, prometiendo rendimientos y rentabilidad líderes en el mercado.
Comstock Fuels는 Comstock Inc. (NYSE American: LODE)의 자회사로서 RenFuel K2B AB와 그들의 특허 받은 촉매 에스터화 공정에 대한 독점 라이센스 계약을 확장했습니다. 이 지역적 확장은 이제 아시아와 아프리카 전역을 포함하며, 원래의 북미, 중앙 아메리카, 남미, 호주, 뉴질랜드 및 베트남의 범위를 넘어섭니다.
이번 확장은 Comstock Fuels의 리그노셀룰로오스 바이오매스 정제 공정의 라이센스 보유자들에 의한 지속적인 프로젝트 개발을 지원하는 것을 목표로 하고 있습니다. 이 파트너십은 RenFuel의 촉매 에스터화 공정을 Comstock의 Bioleum™ 바이오 중간체 기술과 통합하여 Bioleum 정유소라는 새로운 종류의 석유 정유소를 생성합니다. 이 통합은 목질 바이오매스를 재생 가능한 연료로 정제할 수 있게 하여 시장에서 선도적인 수율과 수익성을 약속합니다.
Comstock Fuels, une filiale de Comstock Inc. (NYSE American: LODE), a élargi son accord de licence exclusif avec RenFuel K2B AB pour leur processus d'esterification catalytique breveté. L'expansion territoriale inclut désormais toute l'Asie et l'Afrique, s'étendant au-delà de la couverture originale de l'Amérique du Nord, de l'Amérique centrale, de l'Amérique du Sud, de l'Australie, de la Nouvelle-Zélande et du Vietnam.
Cette expansion vise à soutenir le développement continu de projets par les titulaires de licence du processus de raffinage de biomasse lignocellulosique de Comstock Fuels. Le partenariat intègre le processus d'esterification catalytique de RenFuel avec la technologie Bioleum™ de Comstock pour les biointermédiaires, créant une nouvelle classe de raffinerie pétrolière appelée Raffinerie Bioleum. Cette intégration permet le raffinage de la biomasse ligneuse en carburants renouvelables, promettant des rendements et une rentabilité de premier plan sur le marché.
Comstock Fuels, eine Tochtergesellschaft von Comstock Inc. (NYSE American: LODE), hat ihre exklusive Lizenzvereinbarung mit RenFuel K2B AB für deren patentiertes katalytisches Esterifizierungsverfahren erweitert. Die territoriale Expansion umfasst nun ganz Asien und Afrika und geht über die ursprüngliche Abdeckung von Nordamerika, Mittelamerika, Südamerika, Australien, Neuseeland und Vietnam hinaus.
Die Expansion zielt darauf ab, die laufende Projektentwicklung durch Lizenznehmer des lignocellulosischen Biomasse-Raffinierungsprozesses von Comstock Fuels zu unterstützen. Die Partnerschaft integriert den katalytischen Esterifizierungsprozess von RenFuel mit der Bioleum™-Technologie von Comstock für Biointermediate und schafft eine neue Klasse von Erdölraffinerien, die als Bioleum-Raffinerie bezeichnet wird. Diese Integration ermöglicht die Raffinierung von holziger Biomasse in erneuerbare Brennstoffe und verspricht marktführende Erträge und Rentabilität.
- Expansion of exclusive license territory to include all of Asia and Africa
- Progress in development of demonstration and commercial scale facilities
- Integration of proven systems for market-leading yields and profitability
- None.
Insights
The expansion of Comstock Fuels' exclusive license agreement with RenFuel represents a strategic advancement in the company's commercialization efforts. The territorial expansion from the Americas and select Asia-Pacific regions to include all of Asia and Africa significantly amplifies the company's addressable market, particularly in regions with abundant biomass resources and growing renewable fuel demands.
The integration of RenFuel's patented catalytic esterification process with Comstock's Bioleum technology creates a compelling value proposition in the renewable fuels sector. The mention of 'market-leading yields and profitability' suggests that the combined technology stack may offer superior economics compared to conventional biofuel production methods. The progress in developing demonstration and commercial-scale facilities indicates tangible advancement beyond the conceptual stage.
From a market perspective, Asia and Africa present significant opportunities due to several factors:
- These regions contain vast agricultural sectors generating substantial woody biomass waste that could serve as feedstock
- Many Asian countries have implemented or are implementing renewable fuel mandates
- Africa's growing energy needs and push for sustainable development create natural market opportunities
However, successful implementation will require navigating complex regulatory environments across multiple jurisdictions and establishing robust supply chains for biomass collection and fuel distribution. The company's ability to execute effectively in these diverse markets will be important for realizing the expanded license's potential value.
The partnership's evolution and mutual expansion suggest positive early results from the collaboration, potentially validating the technical and commercial viability of the combined technologies. For investors, this expansion represents a significant increase in Comstock's potential market opportunity, though the timeline and capital requirements for full commercialization remain important considerations.
Expands Exclusive License Rights to Asia and Africa
OKLAHOMA CITY, Feb. 20, 2025 (GLOBE NEWSWIRE) -- Comstock Inc. (NYSE American: LODE) today announced that its subsidiary, Comstock Fuels Corporation (“Comstock Fuels”), executed 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 Bioleum™ biointermediates.
The amendment expanded the territory from North America, Central America, South America, Australia, New Zealand, and Vietnam to include all of Asia and Africa 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 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 Bioleum™ fuels, with extremely low carbon intensity scores of 15 and market-leading yields of up to 140 gallons per dry metric ton of feedstock (on a gasoline gallon equivalent basis, or “GGE”), depending on feedstock, site conditions, and other process parameters. Comstock Fuels additionally holds the exclusive rights to intellectual properties developed by Hexas Biomass Inc. (“Hexas”) for production of purpose grown energy crops in liquid fuels applications with proven yields exceeding 25 to 30 dry metric tons per acre per year. The combination of Comstock Fuels’ high yield Bioleum refining platform and Hexas’ high yield energy crops allows for the production of enough feedstock to produce upwards of 100 barrels of fuel per acre per year, effectively transforming marginal agricultural lands with regenerative practices into perpetual “drop-in sedimentary oilfields” with the potential to dramatically boost regional energy security and rural economies.
Comstock Fuels plans to contribute to domestic energy dominance by directly building, owning, and operating a network of Bioleum Refineries in the U.S. to produce about 200 million barrels of renewable fuel per year by 2035, starting with its planned first 400,000 barrel per year commercial demonstration facility in Oklahoma. Comstock Fuels also licenses its advanced feedstock and refining solutions to third parties for additional production in the U.S. and global markets, including several recently announced and other pending projects. To learn more, please visit www.comstockfuels.com.
About Comstock Inc.
Comstock Inc. (NYSE: LODE) innovates and commercializes technologies that are deployable across entire industries to contribute to energy abundance 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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Contacts
For investor inquiries:
RB Milestone Group LLC
Tel (203) 487-2759
ir@comstockinc.com
For media inquiries or questions:
Colby Korsun
Comstock Fuels Corporation
contact@comstockfuels.com
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FAQ
What territories are now covered by Comstock's (LODE) RenFuel license agreement?
What is the purpose of Comstock's (LODE) Bioleum Refinery technology?
How does RenFuel's technology integrate with Comstock's (LODE) Bioleum process?
What is the current development status of Comstock's (LODE) Bioleum facilities?
