VIRGINIA CITY, Nev., Dec. 28, 2023 (GLOBE NEWSWIRE) — Comstock Inc. (NYSE: LODE) (“Comstock” and the “Company”) today announced execution of agreements with RenFuel K2B AB (“RenFuel”) to advance Comstock’s first commercial biorefinery, including an option to acquire a subsidiary of RenFuel (“JV”). The JV has previously completed extensive preliminary engineering for a new biorefinery using RenFuel’s patented catalytic esterification process to refine lignin from byproducts of paper production into a biointermediate for refining into sustainable aviation fuel (“SAF”) and renewable diesel in Europe. Comstock also committed to a strategic $3,000,000 investment in RenFuel payable over the next three years for the continued development and commercialization of advanced applications of RenFuel’s and Comstock’s complimentary technologies.
RB Milestone Group Tel (203) 487-2759
[email protected] Spencer Comstock Inc.
Tel (775) 847-7532
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(GlobeNewsWire)