XCF Global signs binding term sheet with New Rise Australia

XCF Global (SAFX) has signed a binding term sheet with New Rise Australia to accelerate the development of renewable fuel production facilities across Australia. The binding term sheet grants New Rise AU an exclusive 15-year license to use the design, layout, and configuration of XCF’s New Rise Reno facility to build and operate at least three SAF facilities across Australia. XCF will receive a 12.5% equity stake, licensing fees, and one board seat in New Rise AU. Australia is emerging as one of the world’s most promising markets for renewable fuel. A Deloitte report commissioned by the Clean Energy Finance Corporation highlights a AUD$36 billion opportunity to develop a world-leading low-carbon liquid fuels industry capable of cutting emissions by 230 million tons by 2050 and strengthening the country’s energy independence. Australia imports ~80% of its liquid fuels, spending more than AUD$50 billion in 2023 alone, while exporting AUD$3.9 billion in potential LCLF feedstocks. With less than 50 days of fuel reserves currently held onshore, well below the International Energy Agency’s recommended 90 days, the country’s reliance on imports leaves it vulnerable to global disruptions. Recognizing this imbalance, the Australian federal government has prioritized low-carbon liquid fuels under its Future Made in Australia initiative, providing access to the AUD$1.7 billion Future Made in Australia Innovation Fund to support the development of a LCLF industry, which includes SAF and renewable diesel. With major airlines like Qantas and Virgin Australia targeting net-zero emissions by 2050, demand for locally produced SAF is expected to surge, creating strong momentum for investment and development across the region. This milestone builds on XCF’s international expansion strategy, built on capital-efficient, regionally tailored partnerships that accelerate global SAF adoption. It follows the June 2025 Memorandum of Understanding entered into with Continual Renewable Ventures Pty. Ltd., which laid the foundation for today’s binding agreement.