XCF agrees to acquire California renewable-fuel plant and outlines restart spending
XCF Global ($SAFX) agreed to acquire a renewable-fuel facility in Paramount, California, through New Rise Renewables Paramount. The company anticipates approximately $30 million of spending to restart the plant and expects the restart process to take nine to twelve months. It is targeting transaction completion by year-end, subject to the applicable closing conditions. The announcement does not establish that the acquisition has already closed or that the plant is producing fuel. A partnership w
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