Tag: XCF Global

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…

Read More

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…

Read More

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…

Read More

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…

Read More

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,…

Read More