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 solutions. Our public debut aligns with a new era of growing demand and transformative opportunity – a mission that has never been more urgent.”
Formed from the business combination of XCF Global Capital and Focus Impact BH3 Acquisition Company, XCF is currently a sole-asset producer of SAF from its New Rise Reno Facility in Nevada, which has a nameplate production capacity of 38 million gallons per year of neat SAF. XCF commenced its first customer deliveries of neat SAF in March 2025, marking a major operational milestone. The Company is advancing a pipeline of production sites in Nevada, North Carolina, and Florida to expand SAF capacity and support long-term growth.
The SAF sector is rapidly evolving as the aviation industry strives to meet net-zero carbon emissions by 2050. Globally, SAF production has seen significant growth, with production tripling to 600 million litres in 2023 and reaching 1.25 billion litres in 2024. SAF can reduce CO2 emissions by up to 80% compared to conventional jet fuel, making it a crucial component in the aviation industry’s sustainability efforts.
Major U.S. airlines, represented by Airlines for America, have committed to making 2 billion gallons of SAF available by 2030, while the U.S. Department of Energy, along with other federal agencies, has set ambitious targets under the SAF Grand Challenge, which has already led to a tenfold increase in domestic SAF production since 2021. This commitment is part of a broader industry effort to reduce carbon footprints and support the Paris Agreement’s goals.
