XCF Global executes definitive commercial agreements with BGN
- XCF Global Inc.
- 15 minutes ago
- 2 min read
Emerging renewable diesel and sustainable aviation fuel (SAF) producer XCF Global Inc. announced July 7 the execution of definitive agreements with BGN INT US LLC, establishing a long-term framework intended to support feedstock supply, renewable fuel production, logistics and commercialization at the company’s New Rise Renewables Reno facility.
The agreements build upon the binding term sheet announced earlier this year and represent the next step in formalizing the commercial relationship between the parties.
The framework is intended to support operations at New Rise Renewables Reno and may be expanded to future XCF facilities, subject to operational readiness, market conditions, regulatory requirements and other customary business considerations.
The announcement comes as XCF continues to advance through the production start-up sequence at New Rise Renewables Reno following the completion of planned facility upgrades and operational-readiness activities.
“Executing these definitive agreements is an important milestone for XCF as we prepare to deliver renewable fuels into growing domestic and international markets,” said XCF Global CEO Chris Cooper. “We believe BGN’s feedstock sourcing, trading, logistics and market expertise complements our production platform. Together, we have established a commercial framework designed to support renewable fuel production, market access and potential future growth.”
Under the agreements, BGN is expected to facilitate feedstock supply and serve as a commercialization partner for renewable fuels produced at New Rise Renewables Reno, including SAF, renewable diesel and renewable naphtha.
The parties intend to coordinate production planning, logistics and product-marketing activities designed to support efficient delivery to end markets.
The definitive agreements establish the commercial structure previously contemplated under the parties’ binding term sheet and reflect the continued development of XCF’s strategy to combine renewable fuel production with experienced feedstock, trading and logistics partners.
