XCF Global, BGN team up for SAF distribution, logistics
Sustainable aviation fuel (SAF) developer XCF Global said it has entered into an agreement with BGN International to develop a global distribution and logistics partnership for sustainable aviation fuel (SAF) and other renewable fuels.
Under the agreement, 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.
“This collaboration represents a critical step in expanding the global reach of renewable fuels. Partnering with BGN would enable us to extend our footprint, streamline logistics, and accelerate commercialization on a global scale with a world-class partner, as we prepare to meet surging demand for sustainable aviation fuel,” said Chris Cooper, newly-appointed chief executive officer of XCF Global.
Cooper, before joining XCF as CEO on November 10th, worked as head of renewable trading at BGN.
“We are pleased to be partnering with US based XCF in this exciting venture. BGN and XCF share a common goal to expand access to renewable fuels and accelerate the decarbonisation of the aviation industry,” said Cenan Ozmeral, president, BGN International.