Tag: SAF

XCF Global Evaluating Financing Alternatives to Drive Growth in SAF Platform

Stuart Mitchell

XCF Global, Inc., a leading innovator in decarbonizing the aviation industry through Sustainable Aviation Fuel (“SAF”), announced today that it is evaluating financing options to support the next phase of its long-term growth strategy: the construction of its New Rise Reno 2 facility (“New Rise 2”).  If constructed, New Rise 2 is expected to enable XCF to expand its SAF and renewable fuel platform and aligns with its recently signed non-binding Memorandum of Understanding (“MOU”) with global energy and commodities group BGN INT US LLC (“BGN”).  As contemplated by the…

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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

Stuart Mitchell

XCF Global, Inc.; 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. By that…

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XCF Global Moves to Double SAF Production

Stuart Mitchell

XCF Global, Inc., a key player in decarbonising the aviation industry through Sustainable Aviation Fuel (“SAF”), recently announced new development milestones at its New Rise Reno 2 site, the Company’s second SAF production facility and the next deployment of its scalable, modular production platform. XCF has completed initial site work at New Rise Reno 2, including grading of the 10-acre parcel and construction of new access roads. Engineering, design, and project planning are underway, positioning construction to begin in 2026. Located adjacent to the existing New Rise Reno facility in…

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Heathrow reduces emissions with SAF

Stuart Mitchell

Heathrow has successfully incorporated sustainable aviation fuel (SAF) into its operation, ahead of the G7 Summit. Working alongside Vitol Aviation and Neste MY Sustainable Aviation Fuel™, the fuel will be incorporated into the airport’s main fuel supply today, and blended to use across flights operating at Heathrow over the next few days. Whilst the fuel supply may be comparatively small – equivalent to fuelling 5-10 short haul flights – this commercial delivery will establish proof of concept at the UK’s largest airport. Achieving this milestone is a critical first step…

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