XCF Global signed a joint commercialization and development agreement with Continual Renewable Ventures to advance the New Rise ANZ renewable fuels platform in Australia.
The framework targets a HEFA-based refinery producing about 175 million liters a year of SAF and renewable diesel, subject to approvals and financing.
XCF Global can earn up to a 10% equity stake in the project entity through milestone-based support tied to a final investment decision.
Continual Renewable Ventures is set to retain majority ownership and control of the project entity.
The platform includes proprietary modular blending infrastructure to support distribution, with potential expansion into New Zealand and parts of Asia-Pacific.
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