XCF Global agrees to buy renewable fuel facility in Paramount, California
SAFX•XCF Global agreed to acquire a renewable fuel facility in Paramount, California, adding about 50 million gallons of annual capacity. It plans to invest about $30 million during a nine- to 12-month restart, with management targeting $600 million in annual gross product sales, $100 million in net revenue and $40 million in EBITDA afterward.
1. Facility acquisition
XCF Global agreed to acquire a renewable fuel production facility in Paramount, California, through its New Rise Renewables Paramount subsidiary. The facility, near Los Angeles International Airport, would add approximately 50 million gallons of annual renewable fuel production capacity.
2. Restart plans and targets
The acquisition is expected to close before the end of 2026, subject to closing conditions. XCF Global plans to invest approximately $30 million during a nine- to 12-month restart period. Following the restart, management targets annual gross product sales of $600 million, net revenue of $100 million and EBITDA of $40 million.
