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XCF Global and BGN Expand Strategic Relationship with Execution of Term Sheet for Renewable Fuel Tolling at XCF New Rise Renewables Reno Facility and Future Facilities
Strategic partnership between XCF Global and BGN is expected to be established for a tolling framework for the production of SAF and renewable naphthaThe
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[{"type":"text","content":"Strategic partnership between XCF Global and BGN is expected to be established for a tolling framework for the production of SAF and renewable naphthaThe proposed agreement seeks to build on the previous MOU focusing on the US. The parties agree to continue to work towards developing Europe and the Middle East through production, offtake, and co-branded distribution agreementsThe proposed agreement seeks to advance global renewable fuel supply chains to meet rapidly rising demand for SAF HOUSTON, TX / ACCESS Newswire / April 9, 2026 / XCF Global, Inc. (\"XCF\") (NASDAQ:SAFX), a leader in advancing the decarbonization of the aviation industry through Sustainable Aviation Fuel (\"SAF\"), today announced that it has entered into a binding term sheet with BGN INT US LLC (\"BGN\"), a global renewable fuels trading, marketing, and distribution company, to explore developing a global distribution and logistics partnership for SAF, renewable diesel (\"RD\"), and renewable naphtha (\"RN\") (together, \"renewable fuel\").Under the term sheet, a tolling arrangement is expected to apply to XCF's New Rise Renewables Reno (New Rise Reno) plant. XCF and BGN intend to evaluate opportunities to collaborate under a renewable fuel tolling framework on renewable fuel production, marketing, and distribution across multiple regions around the world, including Europe and the Middle East. The proposed framework includes a renewable fuel tolling arrangement and related offtake structures, as well as the anticipated expansion and co-branded distribution agreements, as well as joint development of renewable fuel production capacity. In addition, the proposed strategic partnership seeks to promote the use of XCF's SAF within industry trade associations and OEM networks, and throughout the customer value chain.Chris Cooper, Chief Executive Officer of XCF Global, commented:\"This collaboration represents a critical step in expanding the global reach of renewable fuels. Partnering with BGN would enable us to leverage our production platform, streamline logistics, and accelerate commercialization on a global scale with a world-class partner, as we prepare to meet surging demand for sustainable aviation fuel.\"This term sheet reflects a shared vision to advance a scalable, commercially viable framework for global renewable fuel production and distribution.\"Cen...