Comstock Expanding Partnership with RenFuel

Core Viewpoint - Comstock Inc. is advancing its partnership with RenFuel K2B AB by liquidating the RenFuel-Preem joint venture, allowing both companies to focus on constructing larger commercial facilities for renewable fuels in the Americas and Europe [1][7][8]. Group 1: Company Developments - Comstock has decided to prioritize the construction of commercial facilities utilizing joint technologies with RenFuel, including an initial facility with a capacity of 50,000 tons per year (TPY) and at least one facility with a capacity of 1,000,000 TPY, aimed at converting biomass into Sustainable Aviation Fuel (SAF) and Renewable Diesel [2][8]. - The liquidation of the RenFuel-Preem joint venture does not affect existing agreements between Comstock and RenFuel, except for Comstock's decision to decline its option to join the joint venture [1][7]. Group 2: Technological Innovations - Comstock's proprietary technologies can convert lignocellulosic biomass into Cellulosic Ethanol and Bioleum biointermediate blends, achieving yields exceeding 100 gallons per dry tonne of biomass on a gasoline gallon equivalent basis (GGE) and a low carbon intensity score of 15 [8]. - Comstock is utilizing RenFuel's patented catalytic esterification technology to refine Bioleum derivatives into Hydrodeoxygenated Bioleum Oil (HBO), which is used in advanced biofuel refineries [8]. Group 3: Market Positioning - The partnership between Comstock and RenFuel is expected to expand into European markets, enhancing their joint capabilities in renewable fuel production [7][8]. - Comstock holds exclusive rights to RenFuel's refining technologies in North America, Central America, and South America, positioning the company favorably in the renewable fuels market [8].