XCF Global Provides Update on New Rise Reno Plant Conversion
Rhea-AI Summary
XCF Global (Nasdaq:SAFX) said the New Rise Reno plant conversion remains on schedule, with catalyst deliveries expected end of May and early June 2026 and planned commissioning in early June 2026. Upgrades include catalyst replacement, equipment modifications, and a new heat exchanger to improve SAF throughput and stability.
The work uses licensed technology from Axens and is intended to support sustainable aviation fuel production while maintaining operational stability; further updates will follow as milestones are reached.
AI-generated analysis. Not financial advice.
Positive
- Catalyst deliveries scheduled end-May and early-June 2026
- Planned commissioning targeted for early June 2026
- Installation of new heat exchanger to enhance throughput
- Equipment modifications aimed at operational stability at SAF severity
Negative
- Commissioning timing is conditional and subject to project conditions
- No financial or production capacity metrics disclosed to assess impact
- Schedule depends on timely catalyst deliveries and on-site commissioning
News Market Reaction – SAFX
On the day this news was published, SAFX declined 21.58%, reflecting a significant negative market reaction. Argus tracked a peak move of +54.3% during that session. Argus tracked a trough of -13.9% from its starting point during tracking. Our momentum scanner triggered 70 alerts that day, indicating high trading interest and price volatility. This price movement removed approximately $68M from the company's valuation, bringing the market cap to $246.42M at that time. Trading volume was elevated at 2.9x the daily average, suggesting increased selling activity.
Data tracked by StockTitan Argus on the day of publication.
Key Figures
Market Reality Check
Peers on Argus
Peer moves appear mixed and stock-specific. Momentum peers show NRGV up 4.39%, HTOO up 3.97%, and STEM down 4.96%, while broader peers like VGAS (+3.29%) and STEM (+1.47% in sector list) show no clear unified trend with SAFX’s sharp move.
Historical Context
| Date | Event | Sentiment | Move | Catalyst |
|---|---|---|---|---|
| Apr 06 | Tech collaboration | Positive | +3.4% | Three-year commercial collaboration with Axens to deploy SAF technology. |
| Apr 01 | Annual report filing | Positive | +10.3% | First Form 10-K filed, framed as foundation-building for growth and transparency. |
| Mar 23 | Conference presentation | Positive | -4.5% | CEO highlighted renewable energy security and SAF scaling at ABLC2026. |
| Mar 23 | Market commentary | Positive | -4.5% | Company outlined SAF capacity and argued for domestic waste-based feedstocks. |
| Mar 10 | Capital raise & merger | Negative | -11.7% | Stockholder approval for large issuance and details of $10M conversion funding. |
Recent news often draws strong reactions, with operations/strategic updates sometimes selling off despite constructive narratives.
Over the last month, XCF Global has issued several updates centered on scaling sustainable aviation fuel. A March 10 capital raise and merger update involved significant share issuance and a $10.0 million plant conversion plan and saw a -11.72% move. Commentary on energy security and SAF pricing on March 23 coincided with a -4.51% reaction, while the first Form 10-K filing on April 1 drew a +10.31% move. The April 6 Axens collaboration news produced a more modest +3.39%. Today’s on-schedule Reno conversion update fits this ongoing operational build-out theme.
Market Pulse Summary
The stock dropped -21.6% in the session following this news. A negative reaction despite an on-schedule conversion update would have fit a pattern where prior constructive SAF and strategic communications occasionally met selling pressure, as on March 23 with -4.51% moves. In that context, investors may have focused on broader financing and operational risks highlighted in recent filings and capital-raise disclosures rather than the specific operational milestones, leading to pressure despite what appears as steady technical progress at New Rise Reno.
Key Terms
sustainable aviation fuel technical
catalyst technical
isomerization reactor technical
heat exchanger technical
AI-generated analysis. Not financial advice.
Conversion project remains on schedule, with plant upgrades progressing in line with current development plans.
Targeted equipment and catalyst updates underway to support anticipated SAF production and operational stability.
Key catalyst deliveries expected in late May and early June 2026, supporting planned early June 2026 commissioning activities.
HOUSTON, TX / ACCESS Newswire / April 9, 2026 / XCF Global, Inc. ("XCF") (Nasdaq:SAFX) a U.S. based sustainable aviation fuel (SAF) producer decarbonizing the aviation industry today provided an update on the conversion of its New Rise Renewables Reno ("New Rise Reno") Plant remains on schedule. The ongoing transformation of the plant is part of XCF's New Rise Renewables' broader strategy and is intended to enhance production and operational efficiency.
XCF's flagship New Rise Reno plant is undergoing a series of upgrades that are designed to optimize plant performance and support compliance with the applicable industry and operational standards. The conversion process includes the implementation of technologies and equipment modifications developed with support from Axens, a leading global licensor of sustainable refining and biofuels technologies, which serves as a technology partner to XCF.
These updates are intended to support the production of sustainable aviation fuel, while maintaining operational stability and yield efficiency.
Planned and ongoing updates to the plant include:
Catalyst Replacement: The Isomerization Reactor is being reloaded with fresh catalyst to ensure optimal performance.
Equipment Modifications: Modifications intended to improve optimism and reduce the potential for spurious trips at turndown flow rates and ensure stability at SAF severity.
Heat Exchange Improvements: A new heat exchanger is being installed to take advantage of heat recovery to enhance product throughput and quality.
The catalyst delivery schedule is currently expected to proceed as planned, with the first catalyst anticipated to arrive by end of May 2026 and the second delivery of catalyst in early June 2026, supporting the anticipated commissioning of the plant in early June. The company expects these deliveries to support planned commissioning activities, subject to project conditions.
"We are thrilled with the progress of the New Rise Reno Plant conversion," said Chris Cooper, CEO of XCF Global. "These updates are a testament to our commitment to innovation and sustainability. We are confident that these improvements will position us as a leader in renewable energy production."
New Rise Renewables plans to continue progressing the plant conversion in accordance with its development plans and expects to provide updates as additional milestones are reached.
About XCF Global, Inc.
XCF Global, Inc. ("XCF") is an emerging sustainable aviation fuel company dedicated to accelerating the aviation industry's transition to net-zero emissions. Our flagship facility, New Rise Renewables Reno, has a permitted nameplate production capacity of 38 million gallons per year, positioning XCF as an early mover among large-scale SAF producers in North America. XCF is working to advance a pipeline of potential expansion opportunities in Nevada, North Carolina, and Florida, and to build partnerships across the energy and transportation sectors to scale SAF globally. XCF is listed on the Nasdaq Capital Market and trades under the ticker, SAFX.
To learn more, visit XCF.Global
Contacts
XCF Global: Corporate Comms
media@xcf.global
Cautionary Note Regarding 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, including manufacturing and operating expenses and interest expenses, as a result of potential inflationary pressures, changes in interest rates and other factors; (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 regain compliance with Nasdaq's continued listing standards and thereafter continue 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 to fund its operations and business plan 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) the New Rise Reno production facility's ability to produce renewable diesel in commercial quantities without interruption during the ongoing SAF ramp-up process; (10) 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; (11) 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; (12) payment of fees, expenses and other costs related to the completion of the Business Combination and the New Rise acquisitions; (13) the risk of disruption to the current plans and operations of XCF Global as a result of the consummation of the Business Combination; (14) 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; (15) changes in applicable laws or regulations; (16) risks related to extensive regulation, compliance obligations and rigorous enforcement by federal, state, and non-U.S. governmental authorities; (17) the possibility that XCF Global may be adversely affected by other economic, business, and/or competitive factors; (18) the availability of tax credits and other federal, state or local government support; (19) risks relating to XCF Global's and New Rise's key intellectual property rights, including the possible infringement of their intellectual property rights by third parties; (20) the risk that XCF Global's reporting and compliance obligations as a publicly-traded company divert management resources from business operations; (21) LOIs and MOUs may not advance to definitive agreements or commercial deployment; (22) the effects of increased costs associated with operating as a public company; and (23) 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 its most recent Form 10-K, filed with the SEC on March 31, 2026, this Press Release and other filings XCF Global made or will make 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.
About Axens
The Axens Group (https://www.axens.net) offers a complete range of solutions for the conversion of oil and biomass into cleaner fuels, the production and purification of major petrochemical intermediates, the chemical recycling of plastics, natural gas treatment and conversion options, water treatment and carbon capture. Their offer includes technologies, equipment, furnaces, modular units, catalysts, adsorbents and related services. Axens is ideally positioned to cover the entire value chain, from feasibility studies to start-up and monitoring of units throughout their lifecycle. This unique position guarantees optimum performance and a reduced environmental footprint. Axens' international offering is based on highly qualified human resources, modern production facilities and an extensive global network for industrial, technical support and sales services. Axens is an IFP Group company.
SOURCE: XCF Global, Inc.
View the original press release on ACCESS Newswire