In Texas, XCF Global, Inc. and Continual Renewable Ventures Pty. Ltd. signed a non-binding Memorandum of Understanding that seeks to launch New Rise Australia Pty. Ltd., 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.
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.
Tags: Continual Renewable Ventures, Texas, XCF Global
Category: Fuels
