XCF Global and Continual Renewable Ventures Announce Memorandum of Understanding to Launch New Rise Australia, a SAF and HVO Platform Powered by XCF
XCF Global (NASDAQ:SAFX) and Continual Renewable Ventures have signed a non-binding MOU to establish New Rise Australia, a new SAF and HVO platform. The venture will utilize XCF's patent-pending site design and configuration for synthetic aviation fuel projects across Australia.
The partnership aims to leverage XCF's integrated SAF platform, following the blueprint of their New Rise Reno facility. The agreement is expected to include equity stake, license fees, and exclusive rights to the Australian market. The first Australian facility will be modeled after XCF's Reno operation, with definitive agreements anticipated in the coming months.
XCF Global (NASDAQ:SAFX) e Continual Renewable Ventures hanno firmato un protocollo d'intesa non vincolante per creare New Rise Australia, una nuova piattaforma per SAF e HVO. L'iniziativa utilizzerà il progetto e la configurazione brevettati in attesa di approvazione di XCF per impianti di carburante sintetico per l'aviazione in tutta l'Australia.
La partnership punta a sfruttare la piattaforma integrata SAF di XCF, seguendo il modello del loro impianto New Rise Reno. L'accordo prevede una partecipazione azionaria, commissioni di licenza e diritti esclusivi per il mercato australiano. Il primo impianto australiano sarà basato sull'operazione di Reno, con accordi definitivi attesi nei prossimi mesi.
XCF Global (NASDAQ:SAFX) y Continual Renewable Ventures han firmado un memorando de entendimiento no vinculante para establecer New Rise Australia, una nueva plataforma de SAF y HVO. La empresa utilizará el diseño y configuración de sitio pendiente de patente de XCF para proyectos de combustible sintético para aviación en toda Australia.
La asociación busca aprovechar la plataforma integrada de SAF de XCF, siguiendo el modelo de su instalación New Rise Reno. El acuerdo incluirá una participación accionaria, tarifas de licencia y derechos exclusivos para el mercado australiano. La primera planta australiana se basará en la operación de Reno, con acuerdos definitivos previstos en los próximos meses.
XCF Global (NASDAQ:SAFX)와 Continual Renewable Ventures가 New Rise Australia라는 새로운 SAF 및 HVO 플랫폼을 설립하기 위해 구속력 없는 양해각서(MOU)를 체결했습니다. 이 사업은 호주 전역의 합성 항공 연료 프로젝트를 위해 XCF의 특허 출원 중인 부지 설계 및 구성을 활용할 예정입니다.
이번 파트너십은 XCF의 통합 SAF 플랫폼을 활용하는 것을 목표로 하며, New Rise Reno 시설의 청사진을 따릅니다. 이 협약에는 지분 참여, 라이선스 수수료, 그리고 호주 시장에 대한 독점 권리가 포함될 예정입니다. 첫 번째 호주 시설은 XCF의 Reno 운영 모델을 기반으로 하며, 수개월 내에 최종 계약이 예상됩니다.
XCF Global (NASDAQ:SAFX) et Continual Renewable Ventures ont signé un protocole d'accord non contraignant pour créer New Rise Australia, une nouvelle plateforme de SAF et HVO. Le projet utilisera la conception et la configuration de site brevetées en instance de XCF pour des projets de carburant d'aviation synthétique à travers l'Australie.
Le partenariat vise à exploiter la plateforme intégrée de SAF de XCF, suivant le modèle de leur installation New Rise Reno. L'accord devrait inclure une participation au capital, des frais de licence et des droits exclusifs pour le marché australien. La première installation australienne sera calquée sur l'opération de Reno, avec des accords définitifs attendus dans les prochains mois.
XCF Global (NASDAQ:SAFX) und Continual Renewable Ventures haben eine unverbindliche Absichtserklärung unterzeichnet, um New Rise Australia zu gründen, eine neue Plattform für SAF und HVO. Das Vorhaben wird das von XCF patentierte Standortdesign und die Konfiguration für synthetische Flugkraftstoffprojekte in ganz Australien nutzen.
Die Partnerschaft zielt darauf ab, die integrierte SAF-Plattform von XCF zu nutzen, basierend auf dem Modell ihrer New Rise Reno-Anlage. Die Vereinbarung soll Eigenkapitalbeteiligungen, Lizenzgebühren und exklusive Rechte für den australischen Markt umfassen. Die erste Anlage in Australien wird nach dem Vorbild des Reno-Betriebs errichtet, definitive Vereinbarungen werden in den kommenden Monaten erwartet.
- None.
- MOU is non-binding with no guarantee of definitive agreement completion
- Timeline for definitive agreement completion remains uncertain
- Terms of final agreement may differ from MOU outline
Insights
XCF's non-binding MOU with Continual signals promising Australian expansion but faces execution uncertainties before realizing potential revenue streams.
This non-binding MOU between XCF Global and Continual Renewable Ventures represents a strategic first step toward establishing XCF's technology footprint in the Australian renewable fuels market. The proposed New Rise Australia venture would leverage XCF's patent-pending SAF platform design—the same blueprint used at their New Rise Reno facility—to potentially accelerate development timelines in a market primed for sustainable aviation fuel growth.
The commercial structure appears multifaceted, with the agreement expected to include an equity stake in New Rise AU, ongoing license fees, and exclusive rights to the Australian market. This aligns with efficient technology monetization strategies we've seen succeed in renewable energy—generating recurring revenue while expanding geographical reach without bearing full development costs.
Australia presents a compelling market opportunity. The country has increasingly stringent emission regulations, a geographically isolated aviation sector heavily dependent on fuel, and strong governmental support for decarbonization initiatives. These factors create favorable conditions for SAF adoption.
However, investors should recognize that this announcement represents early-stage development. The press release explicitly states that definitive agreements remain under negotiation, with no guarantees of completion. Technical, legal, and commercial diligence is still underway, suggesting material terms could change. The execution timeline remains undefined beyond "coming months," indicating potential regulatory and commercial hurdles ahead.
The strategic value of this MOU extends beyond immediate financial impact—it validates XCF's modular facility design approach and signals potential for similar arrangements in other markets. If successfully executed, this blueprint could enable XCF to scale internationally with capital efficiency while maintaining technology control.
Parties negotiating terms of definitive agreement
Agreement intended to launch New Rise Australia as a SAF and HVO platform driven by XCF's patent-pending site design and configuration
Agreement expected to include equity stake, license fees, and exclusive rights to the Australian market
Intended partnership in line with announced strategy regarding international expansion
HOUSTON, TX and SOUTH PERTH, WESTERN AUSTRALIA / ACCESS Newswire / June 26, 2025 / XCF Global, Inc. ("XCF") (NASDAQ:SAFX), a key player in decarbonizing the aviation industry through Synthetic Aviation Fuel ("SAF"), and Continual Renewable Ventures Pty. Ltd. ("Continual"), an Australian-based company with a focus on advancing SAF and hydrotreated vegetable oil ("HVO"), also known as renewable diesel, today announced the signing of a non-binding Memorandum of Understanding ("MOU") that seeks to launch New Rise Australia Pty. Ltd. ("New Rise AU"), a venture dedicated to the development and commercialization of synthetic aviation fuel projects across Australia.
New Rise AU is expected to operate under a licensing agreement that leverages XCF's integrated SAF platform - including patent-pending site design, configuration, and layout that shortens development timelines and improves capital efficiency. Designed for rapid deployment and scalable growth, the first Australian facility is expected to follow the blueprint of XCF's New Rise Reno facility.
"This partnership underscores the strength of XCF's platform and validates our unique, capital-efficient approach to facility development. Our patent-pending site design and modular configuration give ventures like New Rise AU a strategic head start in high-demand markets," said Mihir Dange, Chief Executive Officer and Board Chair of XCF Global. "The Australian market is primed for SAF growth, with strong regulatory support, rising demand from the aviation sector, and a focus on cutting emissions. We're excited to bring our blueprint to the region and proud to work alongside a team that shares our ambition to accelerate the clean energy transition."
Renzo Petersen, Director of Continual, added: "We chose XCF because of their innovative approach to SAF and HVO facility design, which enables faster, more efficient deployment at scale. This partnership gives us a head start in building Australia's next-generation SAF and HVO infrastructure. We're proud to collaborate with XCF to bring SAF and HVO solutions to Australia. Together, we're laying the foundation for a scalable, commercially viable platform that supports Australia's decarbonization goals and positions New Rise AU as a regional leader in sustainable fuel."
Today's announcement marks a key milestone in XCF's international expansion strategy and builds on the company's momentum following the recent commissioning of its New Rise Reno facility in Reno, Nevada and listing on the Nasdaq Capital Market.
Definitive agreements are expected to be completed in the coming months, with legal, technical, and commercial diligence already underway. However, there can be no assurance that the parties will enter into definitive agreements in a timely manner or at all, or, if definitive agreements are reached, that the terms will be consistent with the terms outlined in the MOU.
About XCF Global, Inc.
XCF Global, Inc. is a pioneering synthetic aviation fuel company dedicated to accelerating the aviation industry's transition to net-zero emissions. XCF is developing and operating state-of-the-art clean fuel SAF production facilities engineered to the highest levels of compliance, reliability, and quality. The company is actively building partnerships across the energy and transportation sectors to accelerate the adoption of SAF on a global scale. XCF is currently listed on the Nasdaq Capital Market and trades under the ticker, SAFX. To learn more, visit www.xcf.global.
About Continual Renewable Ventures Pty. Ltd.
Continual Renewable Ventures Pty. Ltd. is an Australian-based company committed to building the infrastructure required to support the long-term decarbonization of the transportation industry in Australia. With a focus on advancing SAF and HVO projects, the company brings together an experienced team of seasoned entrepreneurs, engineers, and Indigenous business leaders who are united by a shared commitment to innovation, sustainability, and economic development.
Forward-Looking Statements
This Press Release includes "forward-looking statements" within the meaning of the "safe harbor" provisions of the United States Private Securities Litigation Reform Act of 1995. In some cases, you can identify forward-looking statements by terminology such as "may", "should", "expect", "intend", "will", "estimate", "anticipate", "believe", "predict", "potential" or "continue", or the negatives of these terms or variations of them or similar terminology. These forward-looking statements, including, without limitation, statements regarding XCF Global's expectations with respect to future performance and anticipated financial impacts of the Business Combination, estimates and forecasts of other financial and performance metrics, and projections of market opportunity and market share, are subject to risks and uncertainties, which could cause actual results to differ materially from those expressed or implied by such forward-looking statements. These forward-looking statements are based upon estimates and assumptions that, while considered reasonable by XCF Global and its management, are inherently uncertain and subject to material change. These forward-looking statements are provided for illustrative purposes only and are not intended to serve as and must not be relied on by any investor as, a guarantee, an assurance, a prediction or a definitive statement of fact or probability. New risks and uncertainties may emerge from time to time, and it is not possible to predict all risks and uncertainties. Factors that may cause actual results to differ materially from current expectations include, but are not limited to: (1) changes in domestic and foreign business, market, financial, political, and legal conditions; (2) unexpected increases in XCF Global's expenses resulting from potential inflationary pressures and rising interest rates, including manufacturing and operating expenses and interest expenses; (3) the occurrence of any event, change or other circumstances that could give rise to the termination of negotiations and any agreements with regard to XCF Global's offtake arrangements; (4) the outcome of any legal proceedings that may be instituted against the parties to the Business Combination Agreement or others; (5) XCF Global's ability to meet Nasdaq's continued listing standards; (6) XCF Global's ability to integrate the operations of New Rise and implement its business plan on its anticipated timeline; (7) XCF Global's ability to raise financing in the future and the terms of any such financing; (8) New Rise's ability to produce the anticipated quantities of SAF without interruption or material changes to the SAF production process; (9) XCF Global's ability to resolve current disputes between New Rise and its landlord with respect to the ground lease for the New Rise Reno facility; (10) XCF Global's ability to resolve current disputes between New Rise and its primary lender with respect to loans outstanding that were used in the development of the New Rise Reno facility; (11) costs related to the Business Combination and the New Rise acquisitions; (12) the risk of disruption to the current plans and operations of XCF Global as a result of the consummation of the Business Combination; (13) XCF Global's ability to recognize the anticipated benefits of the Business Combination and the New Rise acquisitions, which may be affected by, among other things, competition, the ability of XCF Global to grow and manage growth profitably, maintain relationships with customers and suppliers and retain its management and key employees; (14) changes in applicable laws or regulations; (15) risks related to extensive regulation, compliance obligations and rigorous enforcement by federal, state, and non-U.S. governmental authorities; (16) the possibility that XCF Global may be adversely affected by other economic, business, and/or competitive factors; (17) the availability of tax credits and other federal, state or local government support; (18) risks relating to XCF Global's and New Rise's key intellectual property rights; (19) the risk that XCF Global's reporting and compliance obligations as a publicly-traded company divert management resources from business operations; (20) the effects of increased costs associated with operating as a public company; and (21) various factors beyond management's control, including general economic conditions and other risks, uncertainties and factors set forth in XCF Global's filings with the Securities and Exchange Commission ("SEC"), including the final proxy statement/prospectus relating to the Business Combination filed with the SEC on February 6, 2025, this Press Release and other filings XCF Global makes with the SEC in the future. If any of the risks actually occur, either alone or in combination with other events or circumstances, or XCF Global's assumptions prove incorrect, actual results could differ materially from the results implied by these forward-looking statements. There may be additional risks that XCF Global does not presently know or that it currently believes are not material that could also cause actual results to differ from those contained in the forward-looking statements. In addition, forward-looking statements reflect XCF Global's expectations, plans or forecasts of future events and views as of the date of this Press Release. These forward-looking statements should not be relied upon as representing XCF Global's assessments as of any date subsequent to the date of this Press Release. Accordingly, undue reliance should not be placed upon the forward-looking statements. While XCF Global may elect to update these forward-looking statements at some point in the future, XCF Global specifically disclaims any obligation to do so.
Contacts
XCF Global, Inc.:
Chris Santa Cruz
invest@xcf.global
For Media:
Fatema Bhabrawala
fbhabrawala@allianceadvisors.com
SOURCE: XCF Global, Inc.
View the original press release on ACCESS Newswire
FAQ
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