XCF Global to jointly develop SAF in New Zealand
The agreement builds on prior planning and technical alignment between the parties and is intended to move New Rise ANZ from early-stage development toward a more structured commercialization framework. The framework contemplates the potential co-development, financing, construction and operation of a Hydroprocessed Esters and Fatty Acids-based renewable fuels refinery in Australia. The proposed facility is expected to have production capacity of approximately 175 million liters per year of SAF and renewable diesel, subject to definitive project agreements, financing, regulatory approvals, final investment decision, construction, commissioning and other customary conditions.
Under the agreement, XCF Global is expected to provide technical, development and project support, including elements of its renewable fuels technology package, project development experience and operational expertise. In exchange, XCF Global may earn up to a 10% equity interest in New Rise Australia Pty Ltd, to be issued in two tranches tied to agreed development milestones and a final investment decision, while CRV is expected to maintain majority ownership and control of the project entity.
The platform also incorporates CRV’s proprietary Modular Blending Unit (MBU) technology, which has been developed to reduce capital expenditure associated with conventional fuel storage and blending infrastructure. The modular approach is intended to enable scalable deployment closer to end users while supporting renewable diesel, SAF and future low-carbon fuel distribution pathways.
Category: Fuels
