Investor confidence in XCF Global, Inc. (NASDAQ: SAFX) surged, as seen by the 32.75% increase in shares, which ended yesterday’s trading session at $2.27. Following the company’s announcement of a major global push to advance its synthetic aviation fuel (SAF) strategy through a new partnership in Australia, there was a notable rally.
Commencement of New Rise AU Memorandum of Understanding
XCF Global revealed that it has inked a non-binding Memorandum of Understanding (MOU) with Continual Renewable Ventures Pty. Ltd., an Australian company that specializes in hydrotreated vegetable oil (HVO), or renewable diesel.
This collaboration will establish New Rise Australia Pty. Ltd. (“New Rise AU”), a venture focused on developing and commercializing SAF projects throughout Australia. The move marks a significant step in XCF Global’s broader vision of decarbonizing global aviation.
Leveraging Proven Technology and Design
New Rise AU will be developed under a licensing agreement that utilizes XCF Global’s proprietary SAF platform. This includes a patent-pending modular site design and configuration that significantly reduces project timelines and enhances capital efficiency. The new Australian facility will follow the same operational blueprint as the company’s New Rise Reno facility in Nevada, enabling rapid deployment and scalability.
Entering the Market Strategically In the Face of Growing Demand
Strong regulatory frameworks and rising demand in the aviation sector make Australia a favorable location for SAF development. XCF Global was chosen by Continual because of its distinctive and effective facility development methodology, which offers a significant competitive advantage in expanding sustainable fuel infrastructure. This partnership is expected to position New Rise AU as a regional leader while supporting Australia’s climate and emissions targets.
A Milestone in Global Growth Strategy
The formation of New Rise AU signifies a critical milestone in XCF Global’s international expansion efforts. It builds on the momentum created by its successful operations in Reno and recent IPO on the Nasdaq Capital Market. With legal, technical, and commercial diligence currently under progress, the parties hope to finalize formal agreements in the upcoming months.
