Agreement builds on prior planning and technical alignment to establish a more structured development framework for proposed renewable fuels production in Australia

New Rise ANZ platform is intended to support proposed SAF and renewable diesel development in Australia, with potential expansion across New Zealand and select Asia-Pacific markets

XCF Global may earn up to a 10% equity interest in the project entity through milestone-based technical, development and project support

The New Rise ANZ platform is designed to combine proven renewable fuels technology, advanced modular infrastructure, diversified feedstock strategy and local project development to support what is intended to be one of Australia's first fully integrated SAF and renewable fuels platforms

HOUSTON, TX / ACCESS Newswire / July 23, 2026 / XCF Global, Inc. ("XCF") (NASDAQ:SAFX), an emerging U.S.-based producer of renewable diesel and sustainable aviation fuel ("SAF"), today announced that it has entered into a Joint Commercialization and Development Agreement, dated June 30, 2026, with Continual Renewable Ventures Pty Ltd ("CRV") and New Rise Australia Pty Ltd, the project entity for the proposed New Rise ANZ renewable fuels platform.

The agreement builds on prior planning and technical alignment between the parties and is intended to move New Rise ANZ from early-stage development toward a more structured commercialization framework. The framework contemplates the potential co-development, financing, construction and operation of a Hydroprocessed Esters and Fatty Acids ("HEFA")-based renewable fuels refinery in Australia. The proposed facility is expected to have production capacity of approximately 175 million liters per year of SAF and renewable diesel ("HVO"), subject to definitive project agreements, financing, regulatory approvals, final investment decision, construction, commissioning and other customary conditions.