BGN INT US LLC has signed a Memorandum of Understanding (MOU) with XCF Global Inc. This planned partnership, based in Houston, will focus on developing and scalable the production, distribution and logistics of SAF and other renewable fuels including renewable naphtha and diesel. Under the MOU, XCF and BGN intend to collaborate on renewable fuel production, marketing, and distribution for major airline carriers around the world. The framework agreement includes offtake and co-branded distribution agreements, as well as joint development of renewable fuel production capacity.
In addition, the proposed strategic partnership seeks to promote the use of XCF's SAF within industry trade associations and OEM networks, and throughout the customer value chain. Aligned with this partnership, BGN has joined the International Air Transport Association (IATA), the leading global trade association for the airline industry, deepening its ties with the sector and demonstrating its long-term commitment to being a top-tier supplier of SAF and renewable fuels. The collaboration underscores both companies' commitment to building a robust global supply chain at a time when demand for SAF is expanding rapidly.
According to the International Air Transport Association, airlines will need approximately 165 billion gallons of SAF annually by 2050 to meet net-zero emission targets. Meeting this demand would require the construction of up to 7,000 new facilities worldwide. This MOU is non-binding, and execution remains subject to due diligence, technical validation, and final agreements.
