Comstock Fuels completes validation milestones, gets exclusive RenFuel license for biofuel process in Americas

Comstock Inc.

Comstock Fuels executed exclusive license for RenFuel's catalytic esterification process in North, Central, and South America; non-exclusive global sales rights.
Proprietary Bioleum biointermediates achieve yields exceeding 100 gallons per dry tonne (GGE) and carbon intensity score of 15.
License follows completion of process validation milestones under April 2023 MOU with RenFuel.
Comstock says validation is critical prerequisite for closing multiple ongoing sales discussions and accelerating commercialization.
Comstock Fuels converts lignocellulosic biomass into Cellulosic Ethanol and Bioleum for Sustainable Aviation Fuel and Renewable Diesel.

item 1.01 item 9.01

Key facts

Extracted from this filing and checked against the source text.

Material Agreements SEC 8-K Item 1.01/1.02 confidence 0.9

Comstock Inc. entered into Exclusive License Agreement with RenFuel K2B AB (effective 2023-10-11).

Action: entry
Agreement: license
Counterparty: RenFuel K2B AB
Effective: 2023-10-11

Exact text from the filing

On October 11, 2023, Comstock Fuels Corporation (“Comstock Fuels”), a wholly owned subsidiary of Comstock Inc. (the “Company”), entered into an Exclusive License Agreement (the “License Agreement”) with RenFuel K2B AB (“RenFuel”), pursuant to which Comstock Fuels obtained an exclusive license for use of RenFuel’s patented process in North America, Central America, and South America.

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Source: SEC EDGAR

accession 0001120970-23-000066

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