XCF Global and BGN Form Strategic Partnership for Renewable Fuels

XCF Global, Inc. and BGN INT US LLC have announced a Memorandum of Understanding (MOU) to explore a strategic partnership for global distribution and logistics of Sustainable Aviation Fuel (SAF) and other renewable fuels. The collaboration aims to expand XCF's presence in key markets like Europe and the Middle East through production and distribution agreements.

The MOU outlines plans for both companies to jointly develop renewable fuel production capacities and promote XCF's SAF in industry networks. The partnership seeks to address the growing demand for SAF, which the International Air Transport Association estimates will require 165 billion gallons annually by 2050 to meet emission targets.

XCF Global and BGN emphasize their shared vision to create an efficient and scalable global supply chain for renewable fuels, marking a significant step in the decarbonization of the aviation industry.