XCF Global Outlines Plan to Build Multiple SAF Production Facilities and Invest Nearly $1 Billion in Renewable Fuel Production Capacity by 2028

Rhea-AI Summary

XCF Global (Nasdaq:SAFX) has unveiled an ambitious plan to invest nearly $1 billion in Synthetic Aviation Fuel (SAF) production facilities by 2028. The company has already invested $350 million in its operational New Rise Reno facility, which has created 60 full-time jobs.

The expansion strategy includes three additional U.S. production sites in Reno, Fort Myers, and Wilson, each with a nameplate capacity of 40 million gallons. Combined with the existing facility, total production capacity is expected to reach 160 million gallons annually by 2028. Additionally, XCF has signed an MOU to establish New Rise Australia, marking its first international venture.

The company's modular, patent-pending site design enables rapid deployment and flexible production of both SAF and renewable diesel, supporting a multi-product revenue strategy.

Positive

• Investment of $350 million in operational New Rise Reno facility already completed
• Planned expansion to 160 million gallons annual production capacity by 2028
• Creation of 60 full-time jobs at New Rise Reno facility
• Strategic locations secured for three additional U.S. production sites
• International expansion initiated through Australian partnership
• Modular design allows for multi-product revenue strategy (SAF and renewable diesel)
• Growing market potential with SAF blending mandates expected to reach 4 billion people by 2030

Negative

• Significant capital requirements with nearly $1 billion investment needed
• Extended timeline for facility completion (2027-2028)
• Heavy dependence on regulatory mandates and incentives for market growth

• $350 million already invested in operational New Rise Reno facility, producing SAF and renewable diesel

• Pipeline includes three new U.S. production sites to expand capacity and market reach

• International growth strategy underway with partnership to bring XCF's platform to Australia

HOUSTON, TX / ACCESS Newswire / July 10, 2025 / XCF Global, Inc. ("XCF") (Nasdaq:SAFX), a key player in decarbonizing the aviation industry through Synthetic Aviation Fuel ("SAF") today shared its strategic plan to invest close to $1 billion in developing a network of SAF production facilities, expanding its U.S. footprint, and advancing its international growth strategy. From inception, approximately $350 million has been invested to bring New Rise Reno online which has created approximately 60 full-time management, engineering, and related jobs in the Reno-Tahoe area.

Today, more than 2 billion people globally live in countries with SAF blending mandates or strong incentives like tax credits - by 2030, this number is expected to grow to more than 4 billion people. This clear, expanding global demand underpins XCF's decision to scale production at home and internationally, ensuring the company is positioned to serve markets where policy, aviation demand, and decarbonization goals align.

"We're not simply dreaming about decarbonizing the aviation industry - we're building it right now," said Mihir Dange, Chief Executive Officer and Board Chair of XCF. "With over $350 million already invested through New Rise Reno, we've proven that we can bring large-scale, commercial SAF production online. Our strategy is to invest nearly $1 billion over the next three years to develop multiple production facilities that will deliver real volumes, real revenue, and real impact for our shareholders."

U.S. Growth Pipeline

XCF's U.S. expansion plan includes three additional production sites which have already been acquired and are ready for development. Each facility is expected to have nameplate production capacity of 40 million gallons. Together with New Rise Reno, these sites are expected to deliver total production capacity of approximately 160 million gallons per year by the end of 2028.

New Rise Reno 2 - Adjacent to the existing New Rise Reno facility, enabling economies of scale and leveraging shared utilities and logistics infrastructure; facility expected to be completed in 2027.
Ft. Myers, Florida - Growing SAF demand in the Southeast U.S. and with access to port infrastructure; facility expected to be completed by 2028.
Wilson, North Carolina - Strategically located to serve East Coast markets and support local economic development; facility expected to be completed by 2028.

These new sites are expected to replicate New Rise Reno's modular, patent-pending site design and bundled technology stack, allowing for rapid deployment, flexible production, and capital-efficient scaling. Each facility is expected to have the ability to produce multiple renewable fuel products, including SAF and renewable diesel, supporting a multi-product revenue strategy that maximizes plant utilization and financial performance.

International Expansion Strategy

In addition to its U.S. pipeline, XCF is pursuing an international growth strategy to expand its platform into high-potential global markets. The company recently signed a Memorandum of Understanding (MOU) to launch New Rise Australia, a new SAF and renewable diesel production platform in partnership with Continual Renewable Ventures. This venture is designed to leverage XCF's patent-pending site design, configuration, and layout to enable faster, capital-efficient deployment of SAF and renewable diesel capacity in Australia.

"We're executing a strategy that combines proven technology, modular design, and disciplined capital investment to facilitate global SAF adoption," added Dange. "We're supporting U.S. energy independence, creating good-paying manufacturing jobs, and helping decarbonize one of the hardest-to-abate sectors in the world. For our investors, that means a clear, tangible roadmap to growth - and we're just getting started."

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 10 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 BHC 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

FAQ

What is XCF Global's (SAFX) investment plan for SAF production facilities?

XCF Global plans to invest nearly $1 billion by 2028 to develop multiple SAF production facilities, including three new U.S. sites and international expansion in Australia.

What is the expected production capacity of XCF Global's SAF facilities?

XCF Global's facilities are expected to reach a total production capacity of 160 million gallons annually by 2028, with each new facility having a nameplate capacity of 40 million gallons.

Where will XCF Global's new SAF production facilities be located?

The new facilities will be located in Reno (New Rise Reno 2), Fort Myers (Florida), and Wilson (North Carolina), with an additional international facility planned in Australia.

How many jobs has XCF Global's New Rise Reno facility created?

The New Rise Reno facility has created 60 full-time management, engineering, and related jobs in the Reno-Tahoe area.

What is XCF Global's international expansion strategy?

XCF Global has signed an MOU to launch New Rise Australia in partnership with Continual Renewable Ventures, leveraging its patent-pending site design for SAF and renewable diesel production.