Comstock and RenFuel Expand Partnership for European Biorefinery Projects
Comstock and RenFuel Expand Partnership for European Biorefinery Projects
Comstock Inc. (NYSE:LODE) ("Comstock" and the "Company") today announced advances on amended agreements with RenFuel K2B AB ("RenFuel") involving the development of RenFuel's pre-existing, planned biorefinery project at a pulp and paper mill in Sweden. The amendments also anticipate expanding the scope of the Comstock partnership with RenFuel in the European markets.
Comstock公司（纽交所：LODE）今天宣布与RenFuel K2B AB（“RenFuel”）就计划中的生物炼制厂项目达成修订协议。该修订协议还预计扩大Comstock与RenFuel的欧洲市场合作范围。
These amendments support the liquidation of RenFuel K2B Lignolproduktion AB, a majority owned RenFuel subsidiary originally formed to administer RenFuel's previously planned Swedish biorefinery as part of a joint venture with Preem (the "RenFuel-Preem JV" or the "JV"), thereby better positioning both parties for construction and operation of a larger scale commercial facility based on the joint Comstock-RenFuel technologies throughout Europe, following construction of Comstock's first planned facilities in the Americas. The liquidation of the RenFuel-Preem JV does not alter any of the agreements or terms between Comstock and RenFuel, other than Comstock declining its option to step into the JV. Neither Comstock nor RenFuel have any funding obligations into the JV and are not, in any way, subject to any of the liquidation proceedings.
这些修订协议支持RenFuel K2B Lignolproduktion AB清算，RenFuel K2B Lignolproduktion AB是大部分RenFuel子公司，最初成立是为了管理RenFuel之前计划中的瑞典生物炼制厂，以与Preem联合创立（RenFuel-Preem JV或JV）并更好地为双方构建和运营一家基于Comstock-RenFuel技术的大型商业设施，跟随Comstock在美洲的第一批计划设施建设。RenFuel-Preem JV的清算不会改变Comstock和RenFuel之间的任何协议或条款，除了Comstock拒绝加入JV的选择外。Comstock和RenFuel都没有向JV提供任何资金支持，并且不会以任何方式受到清算程序的影响。