on XCF Global Capital Inc. (NASDAQ:BHAC)
XCF Global and Continual Renewable Ventures Unveil MOU for New Rise Australia
XCF Global, Inc. has announced a Memorandum of Understanding with Continual Renewable Ventures to establish New Rise Australia Pty. Ltd. This venture aims to develop synthetic aviation fuel (SAF) and hydrotreated vegetable oil (HVO) projects in Australia. Leveraging XCF's patent-pending site design, the initiative aligns with XCF's international expansion goals.
The agreement will likely involve an equity stake, license fees, and exclusive Australian market rights. With the first facility in Australia modeled after New Rise Reno, the project promises rapid deployment and scalable growth, enhancing capital efficiency. Renzo Petersen of Continual praises XCF's innovative facility design for its efficacy and scale.
Legal and commercial negotiations continue, with final agreements anticipated in the coming months. However, there are no guarantees of timeline adherence or agreement terms consistency.
R. E.
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