Comstock Completes RenFuel Investment - Seite 2

Strategic Project and Market Developments
RenFuel previously completed extensive preliminary engineering for a new biorefinery to convert about 75,000 TPY of lignin into a biointermediate for refining into sustainable aviation fuel (“SAF”) and renewable diesel in Europe. Comstock and RenFuel are evaluating the requirements for inclusion of an additional 25,000 TPY of biorefining capacity based on Comstock’s commercially available Cellulosic Ethanol and Bioleum derived fuels technologies, and several compelling opportunities for deploying our integrated solution.

Sven Löchen, RenFuel’s chief executive officer added, “We are thrilled with this expanding strategic partnership. Comstock’s technologies and proprietary Bioleum products create a vastly expanded market opportunity for our technologies worldwide, where Comstock is rapidly advancing across the Americas. Comstock’s direct investment in RenFuel supports our continued growth and development as we build value for all of our stakeholders.”

Mr. De Gasperis concluded, “RenFuel’s historical TRL 7 biorefinery scale-up work in Sweden presents a highly qualified opportunity for construction of our first Bioleum Hub with embedded strategic feedstock and offtake. Our commercialization team has already made remarkable progress with prospective clients for use of our combined technologies to convert 1,000,000 TPY of woody biomass into HBO for production of over 100,000,000 GGE of primarily SAF, per year. Our partnership with RenFuel has already accelerated our technology commercialization.”

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
Comstock Inc. (NYSE: LODE) commercializes innovative technologies that contribute to global decarbonization by efficiently converting under-utilized natural resources, primarily, woody biomass into net zero renewable fuels, end-of-life metal extraction, and generative AI-enabled advanced materials synthesis and mineral discovery. To learn more, please visit www.comstock.inc.

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