XCF Global Announces Agreement to Acquire Paramount, California Renewable Fuel Production Facility
XCF Global signed a definitive agreement to acquire a renewable fuel production facility in Paramount, California, via a new subsidiary, New Rise Renewables Paramount, LLC. The former fossil-to-renewable refinery conversion sits near LAX, and XCF plans to roughly double the site's workforce and invest about $30 million to restart operations over the next 9-12 months.
Key figures
- Deal Value Usd
- 0
- Restart timeline
- 9-12 months
- Lax annual passengers
- more than 76 million
- Restart investment usd
- $30 million
- Reno nameplate capacity
- 38 million gallons per year
AI analysis
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