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Accesswire
1 month ago
XCF Global, Southern Energy, and DevvStream Announce Plan to Pursue Strategic Collaboration to Build Integrated Low-Carbon Fuels Platform and Advance Multi-Pathway SAF Strategy
XCF, Southern Energy, and DevvStream to explore developing a unified commercial platform combining fuel supply, logistics, and environmental-attribute value for aviation and industrial customers The parties believe that the partnership has the potential to advance HEFA and next-generation biomass-to-methanol-to-jet SAF pathways The parties intend to jointly evaluate the future development of New Rise Louisiana, a SAF facility comparable in size to XCF's New Rise Reno facility of ~40 million gallons HOUSTON, TX / ACCESS Newswire / December 12, 2025 / XCF Global, Inc. ("XCF") (Nasdaq:SAFX); Southern Energy Renewables Inc. ("Southern"); and DevvStream Corp. ("DevvStream") (Nasdaq:DEVS) (together "the parties") today announced a non-binding tripartite memorandum of understanding ("MOU") to jointly explore the potential development of a next-generation low-carbon fuels platform designed to accelerate SAF adoption, expand domestic capacity, and integrate environmental-attribute monetization into a unified customer offering. By 2030, the U.S. SAF market is projected to reach nearly $7 billion, while global demand is expected to exceed 5.5 billion gallons, supporting a global market of more than $25 billion.