XCF Global and Continual Renewable Ventures Sign Agreement to Expand New Rise ANZ Renewable Fuels Platform in Australia
XCF Global signed a Joint Commercialization and Development Agreement with Continual Renewable Ventures and New Rise Australia to expand the New Rise ANZ renewable fuels platform into Australia. The proposed HEFA-based refinery targets a production capacity of approximately 175 million liters per year of SAF and renewable diesel. XCF may earn up to a 10% equity interest in New Rise Australia Pty Ltd upon achieving development milestones and a final investment decision, while CRV retains majority control. The agreement leverages XCF's renewable fuels technology and operational expertise alongside CRV's local market presence.
Key figures
- Potential equity interest
- 10%
- Flagship facility capacity gallons
- 38 million
- Proposed production capacity liters
- 175 million
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