Published by Todd Bush on January 1, 2024
NEW YORK--(BUSINESS WIRE)--Focus Impact BH3 Acquisition Corp. (“Focus Impact BH3”), a special purpose acquisition company (“SPAC”) formed by Focus Impact Acquisition Corp. (NASDAQ: BHAC), today announced that it has entered into a letter of intent (LOI) with XCF Global Capital, Inc. (“XCF”), a New York-based producer of sustainable fuels.
XCF controls multiple plants in North America that will produce renewable diesel, sustainable aviation fuel, and other biofuels. The transaction, which values XCF at $$1.75Bn, is subject to the completion of due diligence, negotiation of and entry into definitive documentation and will be subject to customary closing conditions. There can be no assurances that a transaction will be executed or consummated.
>> In Other News: Twelve and Emerging Fuels Technology Sign Master License Agreement to Scale Sustainable Aviation Fuel Production
“We are excited to announce this LOI with XCF,” said Carl Stanton, CEO of Focus Impact BH3. “XCF is emerging as a leader in the production of sustainable fuels, and we believe that this transaction will position us to capitalize on the growing demand for clean energy and amplify our mission to enhance social impact and grow leading businesses.” XCF is currently a leading North American producer of renewable diesel, with a planned strategic expansion into sustainable aviation fuel.
The company’s fuels are made from renewable sources and can be used to reduce greenhouse gas emissions from transportation. “We are excited to enter this partnership to meet our commitment to reduce the global carbon footprint with production of renewable diesel that meet domestic and global mandates said Mihir Dange, CEO of XCF. “This partnership into the public markets broadens our investor base and the combined company will have a strong platform to grow in the rapidly expanding market for sustainable fuels.”
Cohen & Company Capital Markets, a division of J.V.B. Financial Group, LLC, acted as exclusive financial advisor and exclusive capital markets advisor to XCF Global Capital.
Focus Impact BH3 Acquisition Corp. is a special purpose acquisition company formed for the purpose of effecting a merger, capital stock exchange, asset acquisition, stock purchase, reorganization, or similar business combination with one or more businesses.
XCF Global Capital is a leading producer of renewable diesel and sustainable aviation fuel in North America. The company’s fuels are made from renewable sources, such as waste vegetable oil and animal fats, and can be used to reduce greenhouse gas emissions from transportation.
Follow the money flow of climate, technology, and energy investments to uncover new opportunities and jobs.
Inside this Issue 🏭 Nel ASA: Hy Stor Energy Places Gigawatt Capacity Reservation for Mississippi Clean Hydrogen Hub 🛺 Gearing Up for a Green Highway: Air Products Paves the Way for Hydrogen Transp...
Inside this Issue ⚛️ Air Products Announces Plans to Build Network of Commercial-Scale Multi-Modal Hydrogen Refueling Stations Connecting Edmonton and Calgary, Alberta, Canada 🤝 RepAir and Cella L...
Inside this Issue ⛽ FirstElement Fuel, World-Leader in Hydrogen Refueling Solutions, Selected as a Top 40 US GreenTech Company by Time Magazine 💸 Advanced Hydrogen Producing Equipment Wins Top Pri...
Messer Launches with ZeCarb New "Carbon Capture as a Service" Offering
_PRESS RELEASE_ Bad Soden / Frankfurt am Main April 26, 2024 [**Messer**](http://www.messergroup.com) **launches with** [**ZeCarb**](https://zecarb.messergroup.com) **new "Carbon Capture...
Nel ASA: Hy Stor Energy Places Gigawatt Capacity Reservation for Mississippi Clean Hydrogen Hub
OSLO, Norway, April 26, 2024 (GLOBE NEWSWIRE) -- [**Nel ASA**](https://www.nelhydrogen.com) **(Nel, OSE:NEL)** partners with [Hy Stor Energy](https://hystorenergy.com/) on the **Mississippi Clean H...
BOSTON, April 26, 2024 /PRNewswire/ -- Trains that could travel to more tucked-away parts of the country with zero emissions are an example of the potential behind [battery electric (BEV) and fuel ...
Greensboro, N.C., April 24, 2024 (GLOBE NEWSWIRE) -- [Volvo Trucks North America](https://www.volvotrucks.us/) has announced a significant advancement in its _sustainability efforts by fueling newl...
Follow the money flow of climate, technology, and energy investments to uncover new opportunities and jobs.