Comstock Fuels and SACL Execute Definitive Commercial Agreements

Core Insights - Comstock Inc. has expanded its licensing agreement with SACL Pte. Limited to include Malaysia for the marketing of advanced lignocellulosic biomass refining processes, enhancing SACL's operational territory [1][6] - The agreement includes the construction of four Bioleum™ Refineries in Australia and Vietnam, with potential sites under negotiation in New Zealand and Malaysia [2][3] - The planned refineries are expected to have a total construction cost exceeding $4.0 billion and will produce approximately 280 million gallons per year of renewable fuels, generating over $3.0 billion in annual sales at current prices [4][6] Company Overview - Comstock Fuels Corporation specializes in advanced lignocellulosic biomass refining solutions, achieving market-leading yields and low carbon intensity scores [5][9] - The company holds exclusive rights to intellectual properties for producing energy crops, which can significantly enhance feedstock production [9][10] - Comstock Fuels aims to build a network of Bioleum Refineries in the U.S. to produce about 200 million barrels of renewable fuel annually by 2035 [10] Market Potential - The global demand for sustainable aviation fuel is surging, creating significant opportunities for renewable fuel project developers [6] - Comstock Fuels' processes utilize readily available biomass sources, which can be converted into renewable intermediates and fuels, leveraging existing supply chains [6][7] - The company plans to produce over 1.38 billion gallons of renewable fuel annually from its projects, indicating a robust growth trajectory in the renewable fuels market [7]