Acquiring Company
XCF GLOBAL
Acquired Company
Paramount California Renewable Fuel Production Facility
United StatesCaliforniaFinancial ServicesFinanceFintechEnergyOil And GasRenewable EnergyBiomass EnergyDescription
XCF Global has entered into a definitive agreement to acquire a renewable fuel production facility in Paramount, California, through a new subsidiary, New Rise Renewables Paramount, LLC. XCF plans to more than double the team and restart operations over the next 9-12 months, with about $30 million of investment during the restart. The acquisition is expected to close before the end of 2026, subject to closing conditions.
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Frequently asked
Who acquired Paramount California Renewable Fuel Production Facility?
Paramount California Renewable Fuel Production Facility was acquired by XCF GLOBAL, based in United States. The deal was reported on October 21, 2026. XCF Global, Inc. is a Delaware-based company primarily engaged in providing innovative financial services. XCF GLOBAL is privately held and operates in Financial Services.
When did XCF GLOBAL acquire Paramount California Renewable Fuel Production Facility?
XCF GLOBAL's acquisition of Paramount California Renewable Fuel Production Facility was reported on October 21, 2026. XCF Global has entered into a definitive agreement to acquire a renewable fuel production facility in Paramount, California, through a new subsidiary, New Rise Renewables Paramount, LLC. Fundz records the date the transaction was first publicly reported, sourced from filings and company announcements.
What does Paramount California Renewable Fuel Production Facility do?
The Paramount facility is a renewable fuel production site located less than 20 miles south of downtown Los Angeles, near Los Angeles International Airport. It was the first U.S. refinery conversion from fossil fuels to renewable fuels. It is privately held, operating in Energy, and is based in California.
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