XCF Global enters commercial collaboration agreement with Axens North America

XCF Global (SAFX) announced the execution of a commercial collaboration agreement with Axens North America. This collaboration is anticipated to enable XCF to deploy its proprietary modular refinery design and engineering blueprint in combination with Axens Vegan process through a licensing-based model intended to accelerate the development of domestic and global SAF capacity. Under the agreement, it is expected that XCF and Axens will collaborate to engage with potential project developers and plant owners interested in deploying sustainable fuels facilities. Axens will continue to license its proprietary Vegan process directly to customers, while XCF may independently offer its project management, construction, and operational services based on its experience developing and operating services through a licensing approach, leveraging its experience building and operating a commercial Vegan unit in the United States. The Commercial Collaboration Agreement has an initial term of three years.