XCF Global enters MOU with BGN on distribution, logistics partnership

XCF Global (SAFX) entered into a Memorandum of Understanding with BGN INT US to explore developing a global distribution and logistics partnership for SAF, renewable diesel, and renewable naphtha. Under the MOU, XCF and BGN intend to evaluate opportunities to collaborate on renewable fuel production, marketing, and distribution across multiple regions around the world, including Europe and the Middle East. The proposed framework includes offtake and co-branded distribution agreements, as well as joint development of renewable fuel production capacity. In addition, the proposed strategic partnership seeks to promote the use of XCF’s SAF within industry trade associations and OEM networks, and throughout the customer value chain.