XCF Global licenses SAF tech to New Rise Australia for use in three plants

In Texas, XCF Global, Inc. has signed a binding term sheet with New Rise Australia Pty. Ltd. to accelerate the development of renewable fuel production facilities across Australia.

The binding term sheet grants New Rise AU an exclusive 15-year license to use the design, layout, and configuration of XCF’s New Rise Reno facility to build and operate at least three SAF facilities across Australia. XCF will receive a 12.5% equity stake, licensing fees, and one board seat in New Rise AU.