XCF Global Agrees To Acquire Renewable Fuel Production Facility In California; Co. Intends To Invest ~30M During Restart Period In Facility

XCF Global Inc. (NASDAQ: SAFX) has announced its acquisition of a renewable fuel production facility in Paramount, California, through its newly formed subsidiary, New Rise Renewables Paramount, LLC. The company plans to invest approximately $30 million during the restart period of the facility. This move aligns with XCF's strategy to enhance its production capabilities in renewable diesel and sustainable aviation fuel.