XCF Global and BGN Expand SAF Tolling Partnership

XCF Global, Inc. (Nasdaq: SAFX) and BGN INT US LLC have entered into a binding term sheet to expand their strategic relationship for renewable fuel tolling. The proposed framework is expected to apply to XCF’s New Rise Renewables Reno (New Rise Reno) plant.

Under the term sheet, the parties will evaluate collaboration on renewable fuel production, marketing, and distribution for sustainable aviation fuel (SAF), renewable diesel (RD), and renewable naphtha (RN) across multiple regions, including Europe and the Middle East. The proposed arrangement includes renewable fuel tolling, offtake structures, expansion and co-branded distribution agreements, and joint development of renewable fuel production capacity. XCF and BGN also plan to promote SAF use through industry trade associations and OEM networks.