XCF Global, Inc. (Nasdaq: SAFX) generates a steady flow of news centered on sustainable aviation fuel (SAF), renewable fuels infrastructure, capital markets activity, and strategic partnerships. As an emerging SAF producer with its flagship New Rise Reno facility in Nevada and a planned New Rise Reno 2 expansion, the company’s announcements often focus on project milestones, financing plans, and collaborations intended to scale low‑carbon fuels.
Recent press releases highlight development progress at New Rise Reno 2, where XCF Global reports completing initial site work and advancing engineering and design for a second SAF facility adjacent to its existing plant. The company has also disclosed that it is evaluating financing alternatives for this project and has engaged Bank of America, N.A. to help structure potential debt financing, while noting that there is no assurance any transaction will be completed or on particular terms.
Another major theme in SAFX news is strategic collaboration. XCF Global has announced non‑binding memoranda of understanding with Southern Energy Renewables Inc. and DevvStream Corp. to explore a unified low‑carbon fuels platform that combines SAF production, logistics, and environmental‑attribute monetization. Additional MOUs with IP3 Corporation, Southern, and DevvStream describe a framework to evaluate pairing small modular reactor nuclear power with electro‑sustainable aviation fuel (eSAF) production and digital environmental‑asset structures.
Distribution and global reach also feature prominently. XCF Global has reported an MOU with BGN INT US LLC to explore a global distribution and logistics partnership for SAF, renewable diesel, and renewable naphtha across regions including Europe and the Middle East. The company has further disclosed a binding term sheet with New Rise Australia Pty. Ltd. for an exclusive licensing and development partnership focused on SAF and renewable diesel facilities in Australia.
Investors following SAFX news will also see updates on leadership and governance, such as the appointment of Christopher Cooper as Chief Executive Officer and Wray Thorn as Interim Board Chair, as well as SEC filings related to capital structure, equity lines of credit, and conversions of debt and payables into equity. Together, these items provide context on how XCF Global is positioning its SAF platform, pursuing growth, and responding to policy and market signals around aviation decarbonization.
XCF Global (SAFX) appointed John F. Wharton, Carl Stanton and Chad Langley to its board following its completed business combination. The combination involved DevvStream and Southern Energy Renewables and was previously announced on October 16, 2026. The directors joined upon completion; Southern Energy designated Wharton and Langley, while DevvStream designated Stanton. Carter McCain stepped down in connection with the closing.
The seven-member board also includes Chairman and CEO Chris Cooper, Lead Independent Director Si-Yeon Kim, President and CFO Wray Thorn, and Sanford A. Cockrell III. Wharton brings logistics and energy-security experience, Stanton has a private-equity background, and Langley has cross-border transaction and capital-markets experience. XCF said its priorities include integrating the businesses, expanding renewable fuel production and allocating capital to support long-term shareholder value.
XCF Global (SAFX) has withdrawn its proposed reverse stock split and discontinued the related proxy solicitation after considering shareholder feedback. The company will focus resources on increasing fuel production and shipments, expanding customer relationships and improving financial performance.
Recent combinations with DevvStream and Southern Energy Renewables broadened its renewable fuels and environmental-assets platform. XCF also plans to complete and integrate the Paramount, California facility acquisition, adding approximately 50 million gallons of annual renewable fuel production capacity. Its largest shareholder, EEME Energy SPV I, supports the split withdrawal.
XCF remains out of compliance with Nasdaq's minimum bid price requirement and has until December 7, 2026, to regain compliance. Failure is expected to result in delisting, with potential effects on trading liquidity and access to capital.
XCF Global (NASDAQ:SAFX) outlined its renewable-fuels growth strategy following completion of its business combination with Southern Energy Renewables and DevvStream.
The company plans to expand through operating-asset optimization, new and existing-site development, and licensing. In September, New Rise Renewables Reno generated more than $12 million in gross product sales, shipped approximately 1.4 million gallons of renewable diesel and increased daily production to approximately 85,000 gallons by month-end.
Southern operates as XCF Tech Ventures, adding feedstock and fuel technology capabilities. DevvStream operates as XCF Carbon Solutions, adding environmental-asset management and monetization capabilities. XCF intends to monetize fuel-linked environmental credits and tax credits while offering carbon solutions alongside physical fuel, aiming to capture more value per gallon produced.
XCF Global (SAFX) estimates a potential $21 million in annual clean fuel credit value from its New Rise Renewables Reno facility.
The estimate uses prevailing credit prices and assumes production at the facility’s up to 38-million-gallon annual nameplate capacity, rather than reporting realized credit revenue. State-level Low Carbon Fuel Standard programs create credits for qualifying lower-carbon fuels that can be earned alongside federal incentives.
XCF identifies active programs in California, Oregon, Washington, New Mexico and Hawaii, with six additional states seeking to advance clean fuel legislation. Following recent combinations with DevvStream and Southern Energy Renewables, its platform spans renewable fuels, carbon management and environmental assets. XCF is seeking expansion opportunities in Nevada, North Carolina and Florida, subject to feasibility assessments, financing, regulatory approvals and market conditions.
XCF Global (NASDAQ:SAFX) has appointed Wray Thorn as President and Chief Financial Officer and moved Harvey Schnitzer into an integration role. Thorn expands his involvement from his role as Chair of the Board's Finance Committee. He will lead corporate and financial activities, working with CEO Chris Cooper and the Board. XCF said the appointments support growth, execution and organizational integration, with Thorn focused on strengthening its financial and operating platform.
Schnitzer, previously Interim Chief Financial Officer, becomes Director of Integration, responsible for bringing together the expanding organization and advancing integration priorities. Thorn brings more than three decades of investment and business-building experience, including leadership of Two Sigma's private investment businesses.
XCF Global (Nasdaq:SAFX) highlighted the addition of Southern Energy Renewables' technology and feedstock capabilities to its renewable fuels platform.
Southern's strategy uses regional waste and biomass, including agricultural and forest residues. Its planned gasification pathway would convert these materials into renewable methanol, with methanol-to-jet conversion producing sustainable aviation fuel and other renewable products. Southern's long-term objective is to improve cost, performance and supply reliability while working toward fossil-fuel price parity, rather than requiring permanent subsidies.
In connection with the previously announced merger, the combined company projected approximately $1.8 billion in revenue by 2030. XCF sees potential pathways into additional markets, including aviation, maritime, defense and space applications.
XCF Global (SAFX) has signed a definitive agreement to acquire a renewable fuel production facility in Paramount, California, through a newly formed subsidiary. The company expects the acquisition to close before the end of 2026, subject to agreed closing conditions.
XCF plans to restart operations over the next 9–12 months, welcome the Paramount team after closing and more than double its size. The company expects to invest approximately $30 million during the restart period, primarily for workforce training and operational readiness. XCF intends to use its partnership with BGN to supply feedstock and purchase the facility's sustainable fuel output for aviation and transportation customers. The facility has existing renewable fuel infrastructure and is located near Los Angeles International Airport.
XCF Global (NASDAQ:SAFX) updated shareholders following a decline in its share price and announced the closing of its business combination.
The combination brings together XCF, Southern Energy Renewables and DevvStream. XCF reported more than $10 million in August revenue and over $12 million in September gross product sales, a non-GAAP measure rather than revenue. Daily production reached approximately 85,000 gallons by the end of September. Gross product sales estimates the value of finished renewable fuel sales in end-customer markets using gallons sold and average observed or derived market prices, including government incentives, feedstock, processing and logistics.
The company said its Reno facility has progressed from development and commissioning toward commercial operations.
XCF Global (NASDAQ:SAFX) completed its all-stock business combination with Southern Energy Renewables and DevvStream, making both companies wholly owned subsidiaries. XCF remains the publicly traded parent. Former Southern and DevvStream equity holders now hold approximately 20.0% and 10.43%, respectively, of XCF's outstanding common stock.
The combination adds Southern's future gasification technology pathway, which converts feedstocks into gas, alongside XCF's existing renewable fuel production. DevvStream adds capabilities to manage and monetize carbon credits, renewable fuel incentives and other environmental attributes. XCF says the platform is designed to source feedstocks regionally and produce fuels near end markets. Chad Langley, John Wharton and Carl Stanton joined XCF's board at closing; Carter McCain stepped down.
XCF Global (Nasdaq:SAFX) announced more than $12 million in September gross product sales from renewable diesel at its New Rise Renewables Reno facility.
September shipments totaled approximately 1.4 million gallons. Daily production reached approximately 85,000 gallons by the end of September, following an increase in daily production and sales from approximately 50,000 to more than 70,000 gallons in August. The facility's permitted daily production capacity is 105,000–110,000 gallons.
The September activity followed the facility's restart earlier this year and included expanded customer contracts. Gross product sales is a management estimate of finished renewable fuel sales value in end-customer markets, including government incentives; it should not be treated as an alternative to GAAP revenue or net income.