Comstock and RenFuel Expand Partnership for European Biorefinery Projects
Portfolio Pulse from Benzinga Newsdesk
Comstock Inc. (NYSE:LODE) has announced amendments to its agreements with RenFuel K2B AB, focusing on the development of a biorefinery project in Sweden and expanding their partnership in Europe. The amendments include the liquidation of RenFuel K2B Lignolproduktion AB, a subsidiary involved in a joint venture with Preem, positioning both parties for larger-scale commercial facilities in Europe.
June 10, 2024 | 10:04 am
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Comstock Inc. (NYSE:LODE) has amended its agreements with RenFuel to focus on a biorefinery project in Sweden and expand their partnership in Europe. The liquidation of RenFuel K2B Lignolproduktion AB positions both parties for larger-scale commercial facilities.
The amended agreements and the liquidation of RenFuel K2B Lignolproduktion AB position Comstock for larger-scale commercial facilities in Europe, which is likely to have a positive impact on its stock price in the short term.
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