Biorefinery

Comstock Completes RenFuel Investment

Retrieved on: 
Wednesday, April 24, 2024

VIRGINIA CITY, Nev., April 24, 2024 (GLOBE NEWSWIRE) -- Comstock Inc. (NYSE: LODE) (“Comstock” and the “Company”) today announced the execution of agreements with RenFuel K2B AB (“RenFuel”) wherein Comstock is investing up to $3,000,000 over three years to support commercialization of joint development applications for RenFuel and Comstock complementary renewable fuel technologies, and the continued development of the 100,000 metric ton per year (“TPY”) biorefinery joint venture project in Sweden.

Key Points: 
  • VIRGINIA CITY, Nev., April 24, 2024 (GLOBE NEWSWIRE) -- Comstock Inc. (NYSE: LODE) (“Comstock” and the “Company”) today announced the execution of agreements with RenFuel K2B AB (“RenFuel”) wherein Comstock is investing up to $3,000,000 over three years to support commercialization of joint development applications for RenFuel and Comstock complementary renewable fuel technologies, and the continued development of the 100,000 metric ton per year (“TPY”) biorefinery joint venture project in Sweden.
  • The applicable investment agreements require the purchase of up to $3,000,000 in 7% senior secured convertible notes funded in quarterly installments of $250,000 for three years.
  • Comstock has already invested the first $350,000 of this investment.
  • Comstock holds the exclusive license to RenFuel’s refining technologies in North America, Central America, and South America and available for global distribution.

SCA: Interim report, Q1 2024

Retrieved on: 
Friday, April 26, 2024

SCA's earnings for the first quarter of 2024 were in line with the preceding quarter, but were weaker year on year.

Key Points: 
  • SCA's earnings for the first quarter of 2024 were in line with the preceding quarter, but were weaker year on year.
  • The price of sawlogs and pulpwood continued to rise slightly compared with the preceding quarter.
  • Together with low customer inventories, this has resulted in a more robust market balance and higher selling prices for solid-wood products compared with the preceding quarter.
  • The jointly owned biorefinery in Gothenburg began operating at year-end and the ramp up is proceeding according to plan.

Global Pulp Industry Report 2024: Demand and Production Analysis, Trends and Forecasts 2022-2023 and 2024-2028 - ResearchAndMarkets.com

Retrieved on: 
Wednesday, March 13, 2024

The "Global Pulp Market: Analysis by Demand, Production, Type, End Market, Region, Size and Trends with Impact of COVID-19 and Forecast up to 2028" report has been added to ResearchAndMarkets.com's offering.

Key Points: 
  • The "Global Pulp Market: Analysis by Demand, Production, Type, End Market, Region, Size and Trends with Impact of COVID-19 and Forecast up to 2028" report has been added to ResearchAndMarkets.com's offering.
  • Global pulp market demand stood at 66.02 million tons in 2022, and is expected to reach 73.84 million tons by 2028.
  • Paper pulp, the fundamental ingredient for paper production, forms the basis for the entire paper-making process.
  • The pulp industry is a global market, and heavily reliant on international trade and economic activity.

Comstock Announces Full Year 2023 Results

Retrieved on: 
Wednesday, February 28, 2024

VIRGINIA CITY, Nev., Feb. 28, 2024 (GLOBE NEWSWIRE) -- Comstock Inc. (NYSE: LODE) (“Comstock,” “our” and the “Company”), today announced its full year 2023 results, 2023 summary achievements, and our 2024 business outlook.

Key Points: 
  • VIRGINIA CITY, Nev., Feb. 28, 2024 (GLOBE NEWSWIRE) -- Comstock Inc. (NYSE: LODE) (“Comstock,” “our” and the “Company”), today announced its full year 2023 results, 2023 summary achievements, and our 2024 business outlook.
  • “I just toured our recycling facility, with all equipment in place and pre-commissioning activities well underway,” stated Mr. De Gasperis.
  • “Our 2023 achievements were foundational and established a shared corporate services platform that enables speed for each of our business teams,” stated Mr. De Gasperis.
  • On June 30, 2023, the Company signed a Mineral Exploration and Mining Lease Agreement (the “Mining Lease”) with Mackay Precious Metals Inc. (“Mackay").

Biofuel Market Forecast to Reach $216.05 Billion by 2028 with Emerging Asia-Pacific Growth - ResearchAndMarkets.com

Retrieved on: 
Monday, February 5, 2024

The global biofuel market is poised for significant growth with a forecast to reach an impressive $216.05 billion by 2028, driven by technological advancements, supportive government policies, and shifting trends towards sustainability.

Key Points: 
  • The global biofuel market is poised for significant growth with a forecast to reach an impressive $216.05 billion by 2028, driven by technological advancements, supportive government policies, and shifting trends towards sustainability.
  • The study includes a forecast of societal shifts towards more sustainable transportation, highlighting significant growth in biofuel consumption potentially reaching 279.88 billion liters by 2028.
  • On the production front, the global biofuel market is forecasted to hit 119.68 billion liters in 2023.
  • This comprehensive report offers valuable insights for stakeholders and delineates a clear map of the biofuel market's prospective journey through 2028.

Global Biofuel Market Forecast to 2028, Featuring Ineos, Cosan, Vereinigte BioEnergie, Repsol, Green Plains, Neste, CropEnergies, POET & Cargill

Retrieved on: 
Friday, February 2, 2024

The global biofuel market is poised for significant growth with a forecast to reach an impressive $216.05 billion by 2028, driven by technological advancements, supportive government policies, and shifting trends towards sustainability.

Key Points: 
  • The global biofuel market is poised for significant growth with a forecast to reach an impressive $216.05 billion by 2028, driven by technological advancements, supportive government policies, and shifting trends towards sustainability.
  • The report segments the biofuel market based on type, highlighting Ethanol, Biodiesel, and others.
  • On the production front, the global biofuel market is forecasted to hit 119.68 billion liters in 2023.
  • Given the global emphasis on reduced carbon footprints and increased eco-friendly air travel, this segment is promising for market growth.

C16 Biosciences, makers of Palmless™, ramps up in food fueled by fresh funding

Retrieved on: 
Wednesday, January 24, 2024

C16 Biosciences has developed an innovative biomanufacturing process, leveraging yeast rather than plants, to produce oils and fats using fermentation.

Key Points: 
  • C16 Biosciences has developed an innovative biomanufacturing process, leveraging yeast rather than plants, to produce oils and fats using fermentation.
  • With this grant, to be received over 3 years, C16 Biosciences will hire additional research and development staff.
  • On November 9th, C16 Biosciences was awarded the World Cell-base Innovation Award for “Best Cell-based Ingredient”.
  • In October, the company joined Elemental Excelerator’s Cohort 12 and was awarded $1 million to advance efforts in food toward FDA GRAS status.

Comstock Executes First Biorefinery Commercial Agreement

Retrieved on: 
Thursday, December 28, 2023

VIRGINIA CITY, Nev., Dec. 28, 2023 (GLOBE NEWSWIRE) -- Comstock Inc. (NYSE: LODE) (“Comstock” and the “Company”) today announced execution of agreements with RenFuel K2B AB (“RenFuel”) to advance Comstock’s first commercial biorefinery, including an option to acquire a subsidiary of RenFuel (“JV”).

Key Points: 
  • VIRGINIA CITY, Nev., Dec. 28, 2023 (GLOBE NEWSWIRE) -- Comstock Inc. (NYSE: LODE) (“Comstock” and the “Company”) today announced execution of agreements with RenFuel K2B AB (“RenFuel”) to advance Comstock’s first commercial biorefinery, including an option to acquire a subsidiary of RenFuel (“JV”).
  • The existing engineering work for the JV biorefinery involves integration of the RenFuel process into a pulp and paper mill in Sweden.
  • Comstock and RenFuel are currently evaluating the requirements for inclusion of an additional 25,000 TPY of biorefining capacity based on Comstock’s commercially available Cellulosic Ethanol and Bioleum derived fuels technologies.
  • Sven Löchen, RenFuel’s chief executive officer, added that “we are thrilled with our rapidly expanding strategic partnership with Comstock.

Planted Materials Secures Pre-Seed Funding in Support of Driving the Circular Economy

Retrieved on: 
Tuesday, November 21, 2023

This milestone achievement marks a significant step in the company’s mission to utilize plant waste to produce renewable materials and chemicals to help drive the circular economy, while enhancing Seattle’s image as a prime location for sustainability-based business.

Key Points: 
  • This milestone achievement marks a significant step in the company’s mission to utilize plant waste to produce renewable materials and chemicals to help drive the circular economy, while enhancing Seattle’s image as a prime location for sustainability-based business.
  • “Planted Materials has seen early commercial validation of its waste-to-product biorefinery technology, with the viral launch and growth of its Green Water Labs brand," said Galileo Russell, Founder and Partner at HyperGuap, and one of the participants in this funding round.
  • Planted Materials’ CEO was also selected as a delegate to accompany Washington State Governor Jay Inslee on his trade mission to Australia earlier this month.
  • The Planted Materials team participated in the 12-week program, getting access to the University’s mentors, faculty, investor network, and other resources.

IFF Expands Partnership with Kemira to Commercialize New Designed Enzymatic Biomaterials

Retrieved on: 
Tuesday, December 19, 2023

WILMINGTON, Del., Dec. 19, 2023 /PRNewswire/ -- IFF (NYSE:IFF) and Kemira today announced their next step in the collaboration to commercialize a portfolio of unique, renewable polymers derived from IFF's cutting-edge Designed Enzymatic Biomaterials (DEB) technology platform. These unique, renewable polymers derived from plant sugars will be available for the first time at industrial scale to supply a range of markets. This new market development biomanufacturing facility will be integrated into Chemigate Ltd's biorefinery, a member of the Berner Group in Finland, and will be operational in mid-2024.

Key Points: 
  • IFF's DEB technology was launched earlier in 2023 for use in home and personal care markets.
  • This will enable IFF to commercially supply lead customers and support strategic application development programs at scale.
  • "Manufacturers will now have access to commercially relevant quantities of IFF's Designed Enzymatic Biomaterials, to improve sustainability across a series of market segments."
  • IFF, the IFF Logo, and all trademarks and service marks denoted with TM, SM or ® are owned by IFF or affiliates of IFF unless otherwise noted.