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XCF Global partners with BGN to boost global SAF and renewable fuel production and distribution.
XCF Global, a Nasdaq-listed sustainable aviation fuel company, has signed a non-binding agreement with BGN INT US LLC to explore a partnership focused on expanding global production, distribution, and logistics for SAF, renewable diesel, and renewable naphtha.
The collaboration aims to strengthen supply chains in Europe and the Middle East through joint production, offtake deals, and co-branded distribution, supporting growing demand as airlines pursue decarbonization.
IATA projects a need for 165 billion gallons of SAF annually by 2050, with analysts forecasting the global market could reach $270 billion by then.
The MOU is subject to due diligence and final agreements.
XCF Global se asocia con BGN para impulsar la producción y distribución de SAF y combustibles renovables a nivel mundial.