XCF Global Partners With New Rise Australia to Build Modular SAF Plants After 155% Fuel Price Surge
XCF Global’s licensing agreement with New Rise Australia enables modular SAF facilities in Perth, Queensland and New South Wales to reduce Australia’s 80% imported jet fuel dependence through domestic SAF production. Asia-Pacific jet fuel benchmark prices jumped roughly 155% from $85–90 to $230 per barrel in early March.
1. Company Context and Price Shock
XCF Global has licensed its modular SAF framework to New Rise Australia to support domestic aviation fuel production. Australia relies on roughly 80% imported jet fuel, with Asia-Pacific benchmark prices spiking from $85–90 to nearly $230 per barrel in early March, driving cost and supply concerns.
2. Modular Model and Project Pipeline
Under the agreement, XCF’s standardized design, based on its Reno facility, allows phased capital deployment and rapid project development. Initial front-end engineering scoping is complete, with the first Perth project leveraging existing ports and feedstock networks, and additional sites planned in Queensland and New South Wales.
3. Strategic Benefits and Government Backing
The modular approach decentralizes production, improving supply resilience, reducing exposure to global price shocks and lowering lifecycle emissions. Growing support from Australian federal and state governments, focused on fuel security, underpins the rollout of multiple SAF facilities.
4. Outlook and Regional Expansion
As airlines and regulators prioritize both fuel security and decarbonization, XCF’s scalable model positions it to capture emerging demand in Australia and the broader Asia-Pacific. The company continues to advance a pipeline of U.S. expansion projects in Nevada, North Carolina and Florida.