other material
confidence high
sentiment positive
materiality 0.65
Comstock Fuels signs license deal with Gresham for renewable fuel projects in Pakistan
Comstock Inc.
- Gresham's plans initial 75,000 MTPY biomass refinery in Lahore, Pakistan, scaling to 1,000,000 MTPY.
- Comstock Fuels receives 20% equity stake per site, 6% royalty on revenues, 6% engineering fee on construction costs.
- Exclusive marketing rights in Pakistan granted to Gresham's subject to milestones including financing and commissioning.
- This is Comstock Fuels' fifth licensed refinery project under contract.