XCF Creates High-Tech, Clean Energy Manufacturing Jobs at New Rise Reno Facility
Rhea-AI Summary
XCF Global (Nasdaq:SAFX), a synthetic aviation fuel producer, announced significant job creation at its New Rise Reno facility in Nevada. The facility has generated over 60 high-tech manufacturing jobs to date, with plans to expand to 100 positions by 2027.
The facility, which produces synthetic aviation fuel, renewable diesel, and renewable naphtha, currently employs various skilled professionals including process engineers, operators, mechanical technicians, and instrumentation specialists. XCF plans to construct a second facility on an adjacent site, reinforcing its commitment to the Greater Reno area's economic development.
Positive
- Creation of 60+ well-paying, high-tech manufacturing jobs with plans to reach 100 by 2027
- Expansion plans with second facility development on adjacent site
- Diversification of local economy through clean energy manufacturing
- Contribution to local tax revenue and infrastructure investment
Negative
- None.
News Market Reaction
On the day this news was published, SAFX declined 6.67%, reflecting a notable negative market reaction. Argus tracked a trough of -12.0% from its starting point during tracking. Our momentum scanner triggered 4 alerts that day, indicating moderate trading interest and price volatility. This price movement removed approximately $17M from the company's valuation, bringing the market cap to $231M at that time.
Data tracked by StockTitan Argus on the day of publication.
Company brings well-paying, next generation career opportunities to local Reno community
Over 60 jobs created to date; expected to grow to 100 by 2027
Supports Nevada's workforce with skilled roles in clean fuel innovation and production
Expands tax base, infrastructure, and long-term economic opportunity for northern Nevada
HOUSTON, TX / ACCESS Newswire / July 31, 2025 / XCF Global, Inc. ("XCF") (Nasdaq:SAFX), a key player in decarbonizing the aviation industry through Synthetic Aviation Fuel ("SAF") today announces that to date, its New Rise Reno facility has created more than 60 well-paying jobs in northern Nevada, including high-tech manufacturing, engineering, and technical roles. That number is expected to grow to approximately 100 by 2027 as the facility expands operations with an adjacent site.
The current New Rise facility, which produces synthetic aviation fuel, renewable diesel, and renewable naphtha, supports a wide range of skilled jobs - from process engineers and process operators to mechanical technicians and instrumentation specialists. With plans underway for a second facility on the adjacent site, XCF is doubling down on its commitment to build a long-term, innovation-driven presence in the Greater Reno area.
"The New Rise facility is a powerful example of how the clean energy transition delivers real results - sustainable fuels, next generation career opportunities, and strong communities," said Mihir Dange, Chief Executive Officer and Board Chair of XCF. "Nevada is emerging as a leader in America's energy transformation, and we're proud to help build the skilled workforce that will drive the next era of innovation and growth in the region. I'm especially grateful to the entire team at New Rise Reno - their hard work, dedication, and commitment to excellence bring our vision to life."
XCF's growing presence in Nevada not only boosts local employment but also generates tax revenue and infrastructure investment that directly benefits the community. The company's integrated technology platform and early-mover advantage have made New Rise a model for next-generation SAF and renewable fuels production in the U.S.
"It's exciting to be part of a project that's not only bringing clean energy innovation to life but doing so in a way that creates real opportunity for developing the next generation of highly skilled workers in the Greater Reno area," said Jereme Crouthamel, General Manager at New Rise Reno. "We're building a team that takes pride in our mission, our technology, and the positive impact we're making in this community."
About XCF Global, Inc.
XCF Global, Inc. is a pioneering synthetic aviation fuel company dedicated to accelerating the aviation industry's transition to net-zero emissions. XCF is developing and operating state-of-the-art clean fuel SAF production facilities engineered to the highest levels of compliance, reliability, and quality. The company is actively building partnerships across the energy and transportation sectors to accelerate the adoption of SAF on a global scale. XCF is listed on the Nasdaq Capital Market and trades under the ticker, SAFX. Current outstanding shares: ~149.3 million; <20% free float (as of 31 July 2025).
To learn more, visit www.xcf.global.
Contacts
XCF Global:
C/O Camarco
XCFGlobal@camarco.co.uk
Media:
Camarco
Andrew Archer | Rosie Driscoll | Violet Wilson
XCFGlobal@camarco.co.uk
Forward Looking Statements
This Press Release includes "forward-looking statements" within the meaning of the "safe harbor" provisions of the United States Private Securities Litigation Reform Act of 1995. In some cases, you can identify forward-looking statements by terminology such as "may", "should", "expect", "intend", "will", "estimate", "anticipate", "believe", "predict", "potential" or "continue", or the negatives of these terms or variations of them or similar terminology. These forward-looking statements, including, without limitation, statements regarding XCF Global's expectations with respect to future performance and anticipated financial impacts of the recently completed business combination with Focus Impact BH3 Acquisition Company (the "Business Combination"), estimates and forecasts of other financial and performance metrics, and projections of market opportunity and market share, are subject to risks and uncertainties, which could cause actual results to differ materially from those expressed or implied by such forward-looking statements. These forward-looking statements are based upon estimates and assumptions that, while considered reasonable by XCF Global and its management, are inherently uncertain and subject to material change. These forward-looking statements are provided for illustrative purposes only and are not intended to serve as and must not be relied on by any investor as, a guarantee, an assurance, a prediction or a definitive statement of fact or probability. New risks and uncertainties may emerge from time to time, and it is not possible to predict all risks and uncertainties. Factors that may cause actual results to differ materially from current expectations include, but are not limited to: (1) changes in domestic and foreign business, market, financial, political, and legal conditions; (2) unexpected increases in XCF Global's expenses resulting from potential inflationary pressures and rising interest rates, including manufacturing and operating expenses and interest expenses; (3) the occurrence of any event, change or other circumstances that could give rise to the termination of negotiations and any agreements with regard to XCF Global's offtake arrangements; (4) the outcome of any legal proceedings that may be instituted against the parties to the Business Combination or others; (5) XCF Global's ability to meet Nasdaq's continued listing standards; (6) XCF Global's ability to integrate the operations of New Rise and implement its business plan on its anticipated timeline; (7) XCF Global's ability to raise financing in the future and the terms of any such financing; (8) the New Rise Reno production facility's ability to produce the anticipated quantities of SAF without interruption or material changes to the SAF production process; (9) XCF Global's ability to resolve current disputes between its New Rise subsidiary and its landlord with respect to the ground lease for the New Rise Reno facility; (10) XCF Global's ability to resolve current disputes between its New Rise subsidiary and its primary lender with respect to loans outstanding that were used in the development of the New Rise Reno facility; (11) costs related to the Business Combination and the New Rise acquisitions; (12) the risk of disruption to the current plans and operations of XCF Global as a result of the consummation of the Business Combination; (13) XCF Global's ability to recognize the anticipated benefits of the Business Combination and the New Rise acquisitions, which may be affected by, among other things, competition, the ability of XCF Global to grow and manage growth profitably, maintain relationships with customers and suppliers and retain its management and key employees; (14) changes in applicable laws or regulations; (15) risks related to extensive regulation, compliance obligations and rigorous enforcement by federal, state, and non-U.S. governmental authorities; (16) the possibility that XCF Global may be adversely affected by other economic, business, and/or competitive factors; (17) the availability of tax credits and other federal, state or local government support; (18) risks relating to XCF Global's and New Rise's key intellectual property rights; (19) the risk that XCF Global's reporting and compliance obligations as a publicly-traded company divert management resources from business operations; (20) the effects of increased costs associated with operating as a public company; and (21) various factors beyond management's control, including general economic conditions and other risks, uncertainties and factors set forth in XCF Global's filings with the Securities and Exchange Commission ("SEC"), including the final proxy statement/prospectus relating to the Business Combination filed with the SEC on February 6, 2025, this Press Release and other filings XCF Global makes with the SEC in the future. If any of the risks actually occur, either alone or in combination with other events or circumstances, or XCF Global's assumptions prove incorrect, actual results could differ materially from the results implied by these forward-looking statements. There may be additional risks that XCF Global does not presently know or that it currently believes are not material that could also cause actual results to differ from those contained in the forward-looking statements. In addition, forward-looking statements reflect XCF Global's expectations, plans or forecasts of future events and views as of the date of this Press Release. These forward-looking statements should not be relied upon as representing XCF Global's assessments as of any date subsequent to the date of this Press Release. Accordingly, undue reliance should not be placed upon the forward-looking statements. While XCF Global may elect to update these forward-looking statements at some point in the future, XCF Global specifically disclaims any obligation to do so.
SOURCE: XCF Global, Inc.
View the original press release on ACCESS Newswire
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