XCF Global signs term sheep with BGN INT US for global SAF distribution
Under the term sheet, a tolling arrangement is expected to apply to XCF’s New Rise Renewables Reno (New Rise Reno) plant. XCF and BGN intend to evaluate opportunities to collaborate under a renewable fuel tolling framework on renewable fuel production, marketing, and distribution across multiple regions around the world, including Europe and the Middle East. The proposed framework includes a renewable fuel tolling arrangement and related offtake structures, as well as the anticipated expansion and co-branded distribution agreements, as well as joint development of renewable fuel production capacity. In addition, the proposed strategic partnership seeks to promote the use of XCF’s SAF within industry trade associations and OEM networks, and throughout the customer value chain.
Category: Fuels
