Agreements establish framework for feedstock supply, production, logistics and commercialization as Reno advances through startup activities HOUSTON, TX / ACCESS Newswire / July 7, 2026 / XCF Global, Inc.

<p><i><strong>Agreements establish framework for feedstock supply, production, logistics and commercialization as Reno advances through startup activities</strong></i></p> <p><strong id="dateline">HOUSTON, TX / <a href='https://www.accessnewswire.com/'>ACCESS Newswire</a> / July 7, 2026 / </strong>XCF Global, Inc. ("XCF") (NASDAQ:<a class="ticker" href="https://www.benzinga.com/quote/SAFX">SAFX</a>), an emerging U.S.-based producer of renewable diesel and sustainable aviation fuel ("SAF"), today announced the execution of definitive agreements with BGN INT US LLC ("BGN"), establishing a long-term framework intended to support feedstock supply, renewable fuel production, logistics, and commercialization at the Company's New Rise Renewables Reno facility.</p><p>The agreements, build upon the binding term sheet announced earlier this year and represent the next step in formalizing the commercial relationship between the parties. The framework is intended to support operations at New Rise Renewables Reno and may be expanded to future XCF facilities, subject to operational readiness, market conditions, regulatory requirements and other customary business considerations.</p><p>The announcement comes as XCF continues to advance through the production startup sequence at New Rise Renewables Reno following the completion of planned facility upgrades and operational readiness activities.</p><p>"Executing these definitive agreements is an important milestone for XCF as we prepare to deliver renewable fuels into growing domestic and international markets," said Chris Cooper, Chief Executive Officer of XCF Global. "We believe BGN's feedstock sourcing, trading, logistics and market expertise complements our production platform. Together, we have established a commercial framework designed to support renewable fuel production, market access and potential future growth."</p><p>Under the agreements, BGN is expected to facilitate feedstock supply and serve as a commercialization partner for renewable fuels produced at New Rise Renewables Reno, including sustainable aviation fuel, renewable diesel and renewable naphtha. The parties intend to coordinate production planning, logistics and product marketing activities designed to support efficient delivery to end markets.</p><p>The definitive agreements establish the commercial structure previously contemplated under the parties' binding term sheet and reflect the continued development of XCF's strategy to combine renewable fuel production with experienced feedstock, trading and logistics partners.</p><p><strong>About XCF Global, Inc.</strong></p><p>XCF Global, Inc. ("XCF") is a U.S.-based producer of renewable diesel and sustainable aviation fuel ("SAF") focused on decarbonizing transportation while supporting domestic fuel supply and energy security. Our flagship facility, New Rise Renewables Reno, has a permitted nameplate production capacity of 38 million gallons per year. XCF is working to advance a pipeline of potential expansion opportunities in Nevada, North Carolina, and Florida, and to build partnerships across the energy and transportation sectors to scale renewable fuels production. XCF is listed on the Nasdaq Capital Market and trades under the ticker, SAFX.</p><p>To learn more, visit <a rel="nofollow" href="https://pr.report/lmkh">www.xcf.global</a></p><p><strong>Contacts:</strong></p><p><strong>XCF Global: </strong>Corporate Comms<br/><a rel="nofollow" href="mailto:media@xcf.global">media@xcf.global</a></p><p><strong>Cautionary Note Regarding Forward-Looking Statements</strong></p><p>This press release contains "forward-looking" statements within the meaning of Section 27A of the Securities Act of 1933, as amended, and Section 21E of the Securities Exchange Act of 1934, as amended, that involve substantial risks and uncertainties, including statements regarding the production of SAF, renewable diesel and renewable naphtha, XCF's commercial operations and growth strategy, the anticipated role of BGN under the definitive agreements, the potential expansion of the framework to future XCF facilities, and the continued advancement of XCF's New Rise Renewables Reno facility through its production startup sequence. All statements, other than statements of historical facts, are forward-looking statements. Forward-looking statements concern future circumstances and results and other statements that are not historical facts and are sometimes identified by the words "aim," "may," "will," "should," "potential," "intend," "expect," "endeavor," "seek," "anticipate," "designed," "estimate," "overestimate," "underestimate," "believe," "plan," "could," "would," "project," "predict," "continue," "target," "objective," "goal," or the negatives of these words or other similar terms or expressions that concern XCF's expectations, strategy, priorities, plans, or intentions. Forward-looking statements are based upon current plans, estimates, expectations, and assumptions that are subject to risks, uncertainties, and assumptions. Should one or more of these risks or uncertainties materialize, or should underlying assumptions prove incorrect, actual results may differ materially from those expressed or implied by such forward-looking statements.</p><p>We can give no assurance that such plans, estimates, or expectations will be achieved, and therefore, actual results may differ materially from any plans, estimates, or expectations in such forward-looking statements.</p><p>Forward-looking statements are based on current expectations, estimates, assumptions and projections and involve known and unknown risks and uncertainties that may cause actual results, developments or outcomes to differ materially from those expressed or implied by such statements. Important factors that could cause actual results, developments or outcomes to differ materially include, among others: (1) changes in domestic and foreign business, market, financial, political, and legal conditions; (2) unexpected increases in XCF Global's expenses, including manufacturing and operating expenses and interest expenses, as a result of potential inflationary pressures, changes in interest rates and other factors; (3) the occurrence of any event, change or other circumstances that could give rise to the termination of negotiations and any agreements with regard to XCF Global's business combination agreement with DevvStream Corp. and Southern Energy Renewables Inc. (the "Business Combination") and/or its offtake arrangements; (4) the outcome of any legal proceedings that may be instituted against the parties to the Business Combination or others; (5) XCF Global's ability to regain compliance with Nasdaq's continued listing standards and thereafter continue to meet Nasdaq's continued listing standards; (6) XCF Global's ability to integrate the operations of New Rise and implement its business plan on its anticipated timeline; (7) XCF Global's ability to raise financing to fund its operations and business plan and the terms of any such financing; (8) the New Rise Reno production facility's ability to produce the anticipated quantities of SAF without interruption or material changes to the SAF production process; (9) the New Rise Reno production facility's ability to produce renewable diesel in commercial quantities without interruption during the ongoing SAF ramp-up process; (10) XCF Global's ability to resolve current disputes between its New Rise subsidiary and its landlord with respect to the ground lease for the New Rise Reno facility; (11) XCF Global's ability to resolve current disputes between its New Rise subsidiary and its primary lender with respect to loans outstanding that were used in the development of the New Rise Reno facility; (12) payment of fees, expenses and other costs related to the completion of the Business Combination and the New Rise acquisitions; (13) the risk of disruption to the current plans and operations of XCF Global as a result of the consummation of the Business Combination; (14) XCF Global's ability to recognize the anticipated benefits of the Business Combination and the New Rise acquisitions, which may be affected by, among other things, competition, the ability of XCF Global to grow and manage growth profitably, maintain relationships with customers and suppliers and retain its management and key employees; (15) changes in applicable laws or regulations; (16) risks related to extensive regulation, compliance obligations and rigorous enforcement by federal, state, and non-U.S. governmental authorities; (17) the possibility that XCF Global may be adversely affected by other economic, business, and/or competitive factors; (18) the availability of tax credits and other federal, state or local government support; (19) risks relating to XCF Global's and New Rise's key intellectual property rights, including the possible infringement of their intellectual property rights by third parties; (20) the risk that XCF Global's reporting and compliance obligations as a publicly-traded company divert management resources from business operations; (21) LOIs and MOUs may not advance to definitive agreements or commercial deployment; (22) the effects of increased costs associated with operating as a public company; and (23) various factors beyond management's control, including general economic conditions and other risks, uncertainties and factors set forth in XCF Global's filings with the Securities and Exchange Commission ("SEC"), including its most recent Form 10-K, filed with the SEC on March 31, 2026, this Press Release and other filings XCF Global made or will make with the SEC in the future. If any of the risks actually occur, either alone or in combination with other events or circumstances, or XCF Global's assumptions prove incorrect, actual results could differ materially from the results implied by these forward-looking statements. There may be additional risks that XCF Global does not presently know or that it currently believes are not material that could also cause actual results to differ from those contained in the forward-looking statements. In addition, forward-looking statements reflect XCF Global's expectations, plans or forecasts of future events and views as of the date of this Press Release. These forward-looking statements should not be relied upon as representing XCF Global's assessments as of any date subsequent to the date of this Press Release. Accordingly, undue reliance should not be placed upon the forward-looking statements. While XCF Global may elect to update these forward-looking statements at some point in the future, XCF Global specifically disclaims any obligation to do so.</p><p>Although the business combination agreement is binding on the parties, it does not obligate the parties to consummate the proposed transaction. The consummation of the proposed transaction remains subject to the satisfaction or waiver of applicable closing conditions, and the business combination agreement may be terminated in accordance with its terms. There can be no assurance that the proposed transaction will be consummated on the terms described herein or at all. Investors are cautioned not to place undue reliance on these forward-looking statements, which speak only as of the date hereof and are not guarantees of future performance or outcomes.</p><p><strong>SOURCE: </strong>XCF Global, Inc.</p><br/><br/>View the original <a href='https://www.accessnewswire.com/newsroom/en/clean-technology/xcf-global-executes-definitive-commercial-agreements-with-bgn-as-new-rise-renewabl-1187583'>press release</a> on ACCESS Newswire<br/><br/>
      <img src="https://app.accessnewswire.com/img.ashx?id=1187583" width="0" height="0"/>

SAFX

XCF Global Executes Definitive Commercial Agreements with BGN as New Rise Renewables Reno Advances Through Production Startup Sequence

XCF Global Signs Long-Term Framework with BGN to Advance Reno SAF Production

<section class="insight" data-version="1">
  <section data-block="information">
    <h3>Information</h3>
    <p>Agreements establish framework for feedstock supply, production, logistics and commercialization as Reno advances through startup activities HOUSTON, TX / ACCESS Newswire / July 7, 2026 / XCF Global, Inc.</p>
  </section>

  <section data-block="ai-summary-paragraph">
    <h3>AI Summary</h3>
    <p>XCF Global (SAFX) announced definitive agreements with BGN to create a long-term framework for feedstock supply, production planning, logistics and commercialization at the New Rise Renewables Reno facility. The deal supports ramp-up of SAF and related fuels, with potential expansion to other XCF sites as market and regulatory conditions permit. The 38 million gallon per year Reno capacity underscores a meaningful near-term production milestone.</p>
  </section>

  <section data-block="ai-summary-bullets">
    <h3>Key Points</h3>
    <ul><li>XCF Global signs definitive agreements with BGN for feedstock supply and commercialization at Reno facility.</li><li>Framework could expand to future XCF facilities, subject to conditions and market factors.</li><li>New Rise Renewables Reno continues startup ramp-up after facility upgrades.</li><li>Reno facility capacity: 38 million gallons per year; potential expansion opportunities discussed.</li></ul>
  </section>

  <section data-block="companies-mentioned">
    <h3>Companies Mentioned</h3>
    <ul><li><strong>XCF Global, Inc. (SAFX)</strong>: Main issuer; advancing Reno startup and broader renewable fuels strategy via BGN framework.</li><li><strong>BGN INT US LLC (N/A)</strong>: Commercial partner for feedstock supply and market access; pivotal to ramp and commercialization.</li><li><strong>DevvStream Corp. (N/A)</strong>: Referenced in business combination context and risk factors; potential linkage to future strategy.</li><li><strong>Southern Energy Renewables Inc. (N/A)</strong>: Mentioned in context of business combination and growth plans; potential future counterpart.</li></ul>
  </section>

  <section data-block="category">
    <h3>Corporate Developments</h3>
    <p>Category: Corporate Developments. It reflects strategic partnerships and startup progress in a renewables production platform, with immediate payoff hinges on ramp and contract execution rather than near-term earnings.</p>
  </section>

  <section data-block="market-moving">
    <h3>Market-Moving</h3>
    <ul><li>Definitive commercial agreements with BGN create clearer supply and marketing channels.</li><li>New Rise Reno ramp-up progression is a near-term production catalyst.</li><li>Potential expansion to additional XCF facilities if startup and market conditions permit.</li></ul>
  </section>

  <section data-block="key-facts">
    <h3>Key Facts</h3>
    <ul><li>Date of press release: July 7, 2026.</li><li>Company: XCF Global, Inc. trading as SAFX on NASDAQ.</li><li>Flagship facility: New Rise Renewables Reno with 38 million gallons/year nameplate capacity.</li><li>Counterparty: BGN INT US LLC as feedstock supplier and commercialization partner.</li><li>Subject to regulatory, operational, and market conditions for expansion.</li></ul>
  </section>

  <section data-block="trading-thesis">
    <h3>Trading Thesis</h3>
    <p>Bullish on SAFX in the coming 6–12 months as the Reno ramp-up and BGN framework improve revenue visibility.</p>
  </section>
</section>


<p><i><strong>Agreements establish framework for feedstock supply, production, logistics and commercialization as Reno advances through startup activities</strong></i></p> <p><strong id="dateline">HOUSTON, TX / <a href='https://www.accessnewswire.com/'>ACCESS Newswire</a> / July 7, 2026 / </strong>XCF Global, Inc. ("XCF") (NASDAQ:<a class="ticker" href="https://www.benzinga.com/quote/SAFX">SAFX</a>), an emerging U.S.-based producer of renewable diesel and sustainable aviation fuel ("SAF"), today announced the execution of definitive agreements with BGN INT US LLC ("BGN"), establishing a long-term framework intended to support feedstock supply, renewable fuel production, logistics, and commercialization at the Company's New Rise Renewables Reno facility.</p><p>The agreements, build upon the binding term sheet announced earlier this year and represent the next step in formalizing the commercial relationship between the parties. The framework is intended to support operations at New Rise Renewables Reno and may be expanded to future XCF facilities, subject to operational readiness, market conditions, regulatory requirements and other customary business considerations.</p><p>The announcement comes as XCF continues to advance through the production startup sequence at New Rise Renewables Reno following the completion of planned facility upgrades and operational readiness activities.</p><p>"Executing these definitive agreements is an important milestone for XCF as we prepare to deliver renewable fuels into growing domestic and international markets," said Chris Cooper, Chief Executive Officer of XCF Global. "We believe BGN's feedstock sourcing, trading, logistics and market expertise complements our production platform. Together, we have established a commercial framework designed to support renewable fuel production, market access and potential future growth."</p><p>Under the agreements, BGN is expected to facilitate feedstock supply and serve as a commercialization partner for renewable fuels produced at New Rise Renewables Reno, including sustainable aviation fuel, renewable diesel and renewable naphtha. The parties intend to coordinate production planning, logistics and product marketing activities designed to support efficient delivery to end markets.</p><p>The definitive agreements establish the commercial structure previously contemplated under the parties' binding term sheet and reflect the continued development of XCF's strategy to combine renewable fuel production with experienced feedstock, trading and logistics partners.</p><p><strong>About XCF Global, Inc.</strong></p><p>XCF Global, Inc. ("XCF") is a U.S.-based producer of renewable diesel and sustainable aviation fuel ("SAF") focused on decarbonizing transportation while supporting domestic fuel supply and energy security. Our flagship facility, New Rise Renewables Reno, has a permitted nameplate production capacity of 38 million gallons per year. XCF is working to advance a pipeline of potential expansion opportunities in Nevada, North Carolina, and Florida, and to build partnerships across the energy and transportation sectors to scale renewable fuels production. XCF is listed on the Nasdaq Capital Market and trades under the ticker, SAFX.</p><p>To learn more, visit <a rel="nofollow" href="https://pr.report/lmkh">www.xcf.global</a></p><p><strong>Contacts:</strong></p><p><strong>XCF Global: </strong>Corporate Comms<br/><a rel="nofollow" href="mailto:media@xcf.global">media@xcf.global</a></p><p><strong>Cautionary Note Regarding Forward-Looking Statements</strong></p><p>This press release contains "forward-looking" statements within the meaning of Section 27A of the Securities Act of 1933, as amended, and Section 21E of the Securities Exchange Act of 1934, as amended, that involve substantial risks and uncertainties, including statements regarding the production of SAF, renewable diesel and renewable naphtha, XCF's commercial operations and growth strategy, the anticipated role of BGN under the definitive agreements, the potential expansion of the framework to future XCF facilities, and the continued advancement of XCF's New Rise Renewables Reno facility through its production startup sequence. All statements, other than statements of historical facts, are forward-looking statements. Forward-looking statements concern future circumstances and results and other statements that are not historical facts and are sometimes identified by the words "aim," "may," "will," "should," "potential," "intend," "expect," "endeavor," "seek," "anticipate," "designed," "estimate," "overestimate," "underestimate," "believe," "plan," "could," "would," "project," "predict," "continue," "target," "objective," "goal," or the negatives of these words or other similar terms or expressions that concern XCF's expectations, strategy, priorities, plans, or intentions. Forward-looking statements are based upon current plans, estimates, expectations, and assumptions that are subject to risks, uncertainties, and assumptions. Should one or more of these risks or uncertainties materialize, or should underlying assumptions prove incorrect, actual results may differ materially from those expressed or implied by such forward-looking statements.</p><p>We can give no assurance that such plans, estimates, or expectations will be achieved, and therefore, actual results may differ materially from any plans, estimates, or expectations in such forward-looking statements.</p><p>Forward-looking statements are based on current expectations, estimates, assumptions and projections and involve known and unknown risks and uncertainties that may cause actual results, developments or outcomes to differ materially from those expressed or implied by such statements. Important factors that could cause actual results, developments or outcomes to differ materially include, among others: (1) changes in domestic and foreign business, market, financial, political, and legal conditions; (2) unexpected increases in XCF Global's expenses, including manufacturing and operating expenses and interest expenses, as a result of potential inflationary pressures, changes in interest rates and other factors; (3) the occurrence of any event, change or other circumstances that could give rise to the termination of negotiations and any agreements with regard to XCF Global's business combination agreement with DevvStream Corp. and Southern Energy Renewables Inc. (the "Business Combination") and/or its offtake arrangements; (4) the outcome of any legal proceedings that may be instituted against the parties to the Business Combination or others; (5) XCF Global's ability to regain compliance with Nasdaq's continued listing standards and thereafter continue to meet Nasdaq's continued listing standards; (6) XCF Global's ability to integrate the operations of New Rise and implement its business plan on its anticipated timeline; (7) XCF Global's ability to raise financing to fund its operations and business plan and the terms of any such financing; (8) the New Rise Reno production facility's ability to produce the anticipated quantities of SAF without interruption or material changes to the SAF production process; (9) the New Rise Reno production facility's ability to produce renewable diesel in commercial quantities without interruption during the ongoing SAF ramp-up process; (10) XCF Global's ability to resolve current disputes between its New Rise subsidiary and its landlord with respect to the ground lease for the New Rise Reno facility; (11) XCF Global's ability to resolve current disputes between its New Rise subsidiary and its primary lender with respect to loans outstanding that were used in the development of the New Rise Reno facility; (12) payment of fees, expenses and other costs related to the completion of the Business Combination and the New Rise acquisitions; (13) the risk of disruption to the current plans and operations of XCF Global as a result of the consummation of the Business Combination; (14) XCF Global's ability to recognize the anticipated benefits of the Business Combination and the New Rise acquisitions, which may be affected by, among other things, competition, the ability of XCF Global to grow and manage growth profitably, maintain relationships with customers and suppliers and retain its management and key employees; (15) changes in applicable laws or regulations; (16) risks related to extensive regulation, compliance obligations and rigorous enforcement by federal, state, and non-U.S. governmental authorities; (17) the possibility that XCF Global may be adversely affected by other economic, business, and/or competitive factors; (18) the availability of tax credits and other federal, state or local government support; (19) risks relating to XCF Global's and New Rise's key intellectual property rights, including the possible infringement of their intellectual property rights by third parties; (20) the risk that XCF Global's reporting and compliance obligations as a publicly-traded company divert management resources from business operations; (21) LOIs and MOUs may not advance to definitive agreements or commercial deployment; (22) the effects of increased costs associated with operating as a public company; and (23) various factors beyond management's control, including general economic conditions and other risks, uncertainties and factors set forth in XCF Global's filings with the Securities and Exchange Commission ("SEC"), including its most recent Form 10-K, filed with the SEC on March 31, 2026, this Press Release and other filings XCF Global made or will make with the SEC in the future. If any of the risks actually occur, either alone or in combination with other events or circumstances, or XCF Global's assumptions prove incorrect, actual results could differ materially from the results implied by these forward-looking statements. There may be additional risks that XCF Global does not presently know or that it currently believes are not material that could also cause actual results to differ from those contained in the forward-looking statements. In addition, forward-looking statements reflect XCF Global's expectations, plans or forecasts of future events and views as of the date of this Press Release. These forward-looking statements should not be relied upon as representing XCF Global's assessments as of any date subsequent to the date of this Press Release. Accordingly, undue reliance should not be placed upon the forward-looking statements. While XCF Global may elect to update these forward-looking statements at some point in the future, XCF Global specifically disclaims any obligation to do so.</p><p>Although the business combination agreement is binding on the parties, it does not obligate the parties to consummate the proposed transaction. The consummation of the proposed transaction remains subject to the satisfaction or waiver of applicable closing conditions, and the business combination agreement may be terminated in accordance with its terms. There can be no assurance that the proposed transaction will be consummated on the terms described herein or at all. Investors are cautioned not to place undue reliance on these forward-looking statements, which speak only as of the date hereof and are not guarantees of future performance or outcomes.</p><p><strong>SOURCE: </strong>XCF Global, Inc.</p><br/><br/>View the original <a href='https://www.accessnewswire.com/newsroom/en/clean-technology/xcf-global-executes-definitive-commercial-agreements-with-bgn-as-new-rise-renewabl-1187583'>press release</a> on ACCESS Newswire<br/><br/>
      <img src="https://app.accessnewswire.com/img.ashx?id=1187583" width="0" height="0"/>

XCF Global (SAFX) announced definitive agreements with BGN to create a long-term framework for feedstock supply, production planning, logistics and commercialization at the New Rise Renewables Reno facility. The deal supports ramp-up of SAF and related fuels, with potential expansion to other XCF sites as market and regulatory conditions permit. The 38 million gallon per year Reno capacity underscores a meaningful near-term production milestone.

XCF Global Executes Definitive Commercial Agreements with BGN as New Rise Renewables Reno Advances Through Production Startup Sequence

AI Summary

Sentiment Rationale

Trading Thesis

Market-Moving

Key Facts

Companies Mentioned

Corporate Developments

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