Tag: XCF Global

XCF Comments on Global SAF Initiatives as Policymakers Accelerate the Decarbonization of the Aviation Industry

Stuart Mitchell

XCF Global, Inc., a key player in decarbonizing the aviation industry through Sustainable Aviation Fuel (“SAF”), today shared its perspective on the rapidly evolving global policy landscape shaping the adoption of sustainable aviation fuel. The scale of the challenge – and opportunity – is immense. According to the International Air Transport Association (“IATA”), airlines will need approximately 165 billion gallons of SAF annually by 2050 to achieve net-zero emissions. In 2024, global SAF production totalled only ~330 million gallons – about 0.3% of total jet-fuel demand. Meeting 2050 decarbonization targets will require an estimated 27% compound annual growth…

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XCF Global Signs Binding Term Sheet with New Rise Australia to Develop Renewable Fuel Facilities

Stuart Mitchell

XCF Global, Inc. (“XCF”) (Nasdaq: SAFX), a key player in decarbonizing the aviation industry through Sustainable Aviation Fuel (“SAF”), today announces that it has signed a binding term sheet with New Rise Australia Pty. Ltd. (“New Rise AU”) to accelerate the development of renewable fuel production facilities across Australia. The binding term sheet grants New Rise AU an exclusive 15-year license to use the design, layout, and configuration of XCF’s New Rise Reno facility to build and operate at least three SAF facilities across Australia. XCF will receive a 12.5% equity stake,…

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XCF Global and Posh Energy Sign Letter of Intent to Deploy Flex-Fuel Gensets,

Stuart Mitchell

XCF Global, Inc., a key player in decarbonizing the aviation industry through Sustainable Aviation Fuel (“SAF”), announces that it has signed a Letter of Intent (“LOI”) with Posh Robotics (“Posh” dba Posh Energy), an advanced clean energy company founded by Stanford alumni and backed by Y-Combinator, through its subsidiary New Rise Renewables Reno, LLC (“New Rise Reno”) to explore deploying Posh Energy’s Flex-Fuel Gensets at the New Rise Reno renewable fuels facility. Posh’s Flex-Fuel Gensets are expected to be installed at New Rise Reno to convert byproducts from SAF and…

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XCF Global Reports Production of Renewable Fuels During Ramp-up Process

Stuart Mitchell

XCF Global, Inc., a key player in decarbonizing the aviation industry through Synthetic Aviation Fuel (“SAF”) today provided a production update on its flagship New Rise Reno facility, underscoring that the plant has successfully produced synthetic aviation fuel, renewable diesel, and renewable naphtha during its initial ramp-up. The ramp-up process, a critical phase for all new fuel facilities, is the period after commissioning when a new fuel facility works to optimize its production gradually from initial test runs to full, nameplate capacity. Since commercial operations began in February 2025, New…

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XCF Global lists on Nasdaq as first publicly traded pure-play SAF producer in United States

Stuart Mitchell

XCF Global, a key player in decarbonizing the aviation industry through Synthetic Aviation Fuel (“SAF”), is pleased to announce its successful listing of its Class A common stock on the Nasdaq Capital Market (“Nasdaq”). Mihir Dange, Chief Executive Officer of XCF Global, commented: “We’re proud to begin our journey as a public company and to raise awareness to the growing need for low-carbon aviation solutions. The public listing enables us to accelerate development of our SAF platform and expand production to meet the aviation sector’s growing demand for low-carbon fuel…

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