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（紐交所：LODE）今天宣佈與RenFuel K2B AB（“RenFuel”）就計劃中的生物煉製廠項目達成修訂協議。該修訂協議還預計擴大Comstock與RenFuel的歐洲市場合作範圍。
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.
這些修訂協議支持RenFuel K2B Lignolproduktion AB清算，RenFuel K2B Lignolproduktion AB是大部分RenFuel子公司，最初成立是爲了管理RenFuel之前計劃中的瑞典生物煉製廠，以與Preem聯合創立（RenFuel-Preem JV或JV）並更好地爲雙方構建和運營一家基於Comstock-RenFuel技術的大型商業設施，跟隨Comstock在美洲的第一批計劃設施建設。RenFuel-Preem JV的清算不會改變Comstock和RenFuel之間的任何協議或條款，除了Comstock拒絕加入JV的選擇外。Comstock和RenFuel都沒有向JV提供任何資金支持，並且不會以任何方式受到清算程序的影響。
譯文內容由第三人軟體翻譯。