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XCF Global and Continual Renewable Ventures Announce Memorandum of Understanding to Launch New Rise Australia, a SAF and HVO Platform Powered by XCF
Parties negotiating terms of definitive agreementAgreement intended to launch New Rise Australia as a SAF and HVO platform driven by XCF's patent-pending site
About this update from Xcf Global, Inc.
[{"type":"text","content":"Parties negotiating terms of definitive agreementAgreement intended to launch New Rise Australia as a SAF and HVO platform driven by XCF's patent-pending site design and configurationAgreement expected to include equity stake, license fees, and exclusive rights to the Australian marketIntended partnership in line with announced strategy regarding international expansion HOUSTON, TX and SOUTH PERTH, WESTERN AUSTRALIA / ACCESS Newswire / June 26, 2025 / XCF Global, Inc. (\"XCF\") (NASDAQ:SAFX), a key player in decarbonizing the aviation industry through Synthetic Aviation Fuel (\"SAF\"), and Continual Renewable Ventures Pty. Ltd. (\"Continual\"), an Australian-based company with a focus on advancing SAF and hydrotreated vegetable oil (\"HVO\"), also known as renewable diesel, today announced the signing of a non-binding Memorandum of Understanding (\"MOU\") that seeks to launch New Rise Australia Pty. Ltd. (\"New Rise AU\"), a venture dedicated to the development and commercialization of synthetic aviation fuel projects across Australia.New Rise AU is expected to operate under a licensing agreement that leverages XCF's integrated SAF platform - including patent-pending site design, configuration, and layout that shortens development timelines and improves capital efficiency. Designed for rapid deployment and scalable growth, the first Australian facility is expected to follow the blueprint of XCF's New Rise Reno facility.\"This partnership underscores the strength of XCF's platform and validates our unique, capital-efficient approach to facility development. Our patent-pending site design and modular configuration give ventures like New Rise AU a strategic head start in high-demand markets,\" said Mihir Dange, Chief Executive Officer and Board Chair of XCF Global. \"The Australian market is primed for SAF growth, with strong regulatory support, rising demand from the aviation sector, and a focus on cutting emissions. We're excited to bring our blueprint to the region and proud to work alongside a team that shares our ambition to accelerate the clean energy transition.\"Renzo Petersen, Director of Continual, added: \"We chose XCF because of their innovative approach to SAF and HVO facility design, which enables faster, more efficient deployment at scale. This partnership gives us a head start in building Australia's next-generation...