other material
confidence high
sentiment positive
materiality 0.75
Comstock Fuels expands licensing to Vietnam; fourth Bioleum Refinery, total >460M gallons renewable fuels
Comstock Inc.
- SACL's fourth planned Bioleum Refinery in Vietnam at 750,000 MTPY capacity; overall 460M+ gallons of renewable fuels.
- Comstock Fuels gets 20% equity in each refinery, 6% royalty on sales (after 250K MTPY), and 6% engineering fee on construction costs.
- Total estimated construction cost >$4.0B; projected annual sales >$3.0B at current prices.
- Comstock also plans four U.S. facilities (920M GGE/year); combined with SACL targets over 1.38B GGE/year.