XCF Global agrees to acquire renewable fuel facility in Paramount, California
SAFX•XCF Global agreed to acquire a renewable fuel facility in Paramount, California, targeting a restart within 9-12 months and earmarking approximately $30 million for workforce training and operational readiness.
1. Facility acquisition
XCF Global agreed to acquire the facility through its New Rise Renewables Paramount subsidiary, with closing expected before the end of 2026, subject to closing conditions. Staffing is expected to more than double as the facility prepares to restart. Strategic partner BGN is expected to supply feedstock and purchase the facility’s sustainable fuels.
