XCF Global Inc. Enters Partnership with Continual Renewable Ventures to Launch New Rise Australia for SAF and HVO Development
Reuters
Jun 26
<a href="https://laohu8.com/S/SAFX">XCF Global Inc</a>. Enters Partnership with Continual Renewable Ventures to Launch New Rise Australia for SAF and HVO Development
XCF Global Inc., a leader in the decarbonization of the aviation industry through Synthetic Aviation Fuel (SAF), has announced a strategic partnership with Continual Renewable Ventures Pty. Ltd., an Australian company focused on SAF and hydrotreated vegetable oil $(HVO.UK)$. This collaboration aims to launch New Rise Australia Pty. Ltd., a platform dedicated to the development and commercialization of synthetic aviation fuel projects across Australia. The partnership will leverage XCF's innovative site design and modular configuration, positioning New Rise Australia to capitalize on Australia's supportive regulatory environment and growing demand for clean energy solutions in the aviation sector. The agreement is expected to involve equity stakes, license fees, and exclusive market rights, aligning with XCF's strategy for international expansion. This venture is still subject to the completion of definitive agreements, which are anticipated to be finalized in the coming months.
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