XCF Global Reports Production of Renewable Fuels During Ramp-up Process

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July 15, 2025

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(XCF Global) XCF's New Rise Reno facility has produced SAF, renewable diesel, and renewable naphtha since February 2025 when the facility was commissioned; Deliveries of renewable fuels started in March 2025; Ramp-up process progressing during early months of commercial operation

XCF Global, Inc. ("XCF") (Nasdaq:SAFX), a key player in decarbonizing the aviation industry through Synthetic Aviation Fuel ("SAF") today provided a production update on its flagship New Rise Reno facility, underscoring that the plant has successfully produced synthetic aviation fuel, renewable diesel, and renewable naphtha during its initial ramp-up. The ramp-up process, a critical phase for all new fuel facilities, is the period after commissioning when a new fuel facility works to optimize its production gradually from initial test runs to full, nameplate capacity.

Since commercial operations began in February 2025, New Rise Reno has produced more than 2.5 million gallons of renewable fuels, demonstrating the facility's capability to deliver low-carbon fuels to market. This production milestone includes SAF, renewable diesel, and renewable naphtha, a byproduct of the production process that is a valuable blendstock and feedstock for reducing emissions in gasoline supply chains, showcasing the site's flexibility and commitment to maximizing plant utilization.

"This update is simple but important: New Rise is producing renewable fuels" said Mihir Dange, Chief Executive Officer and Board Chair of XCF. "We've already produced over 2.5 million gallons of SAF, renewable diesel, and renewable naphtha, proving that our model works. Further, this is a testament to the dedication and expertise of our team, who are focused on executing our strategy and driving the clean fuel transition."

New Rise Reno leverages a modular, patent-pending site design and integrated technology stack to enable flexible production of renewable fuels, helping the company adapt to changing market needs and maximize plant utilization. The facility can pivot between production of SAF and renewable diesel without the need for equipment or process modification.

During ramp-up, XCF's multi-product renewable fuel production mix demonstrates:

Diversification of revenue streams
Resilience to market demand shifts
Maximization of plant capacity and economics

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 08 July 2025).

To learn more, visit www.xcf.global. READ MORE

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XCF Global announces $1 billion expansion for SAF production (Business & Industry Connection Magazine)
US SAF producer XCF Global aims for fast growth as it goes public (GreenAir)

Excerpt from Business & Industry Connection Magazine: XCF Global, Inc., shared its strategic plan to invest close to $1 billion in developing a network of SAF (Synthetic Aviation Fuel) 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. READ MORE

Excerpt from GreenAir: XCF Global has listed on the Nasdaq to become the first publicly traded pure play sustainable aviation fuel producer in the United States. The company was formed last year from the business combination of XCF Global Capital and special purpose acquisition company Focus Impact BH3 Acquisition with the aim of rapidly expanding the market for SAF. XCF took over the New Rise Reno Facility in Nevada, converting it from renewable diesel to HEFA SAF production in 2024. The facility, which has an expected production capacity of 38 million gallons per year (MGY) of neat SAF, commenced its first deliveries of neat SAF to Phillips 66 in March. Strategically located to serve West Coast airports like LAX and SFO, the company is building a second adjacent 40 MGY production facility that is due to start production in 2027. Additional plants are planned to come online in 2028 in Florida and North Carolina to serve the Southeast and East Coast regions of the US, and provide access to deepwater ports that facilitate export.

Commenting on the Nasdaq listing (ticker symbol SAFX), XCF Global CEO Mihir Dange said: “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.”

Added Carl Stanton, CEO of Focus Impact BH3: “With strong leadership and a clear path to growth, we believe XCF is well-positioned to deliver meaningful impact in both the renewable energy sector and the capital markets.”

When the two Reno facilities and the additional plants in Ft. Myers, Florida and Wilson, North Carolina are fully operational, XCF expects to have the ability to produce 159 million gallons of neat SAF annually within the next five years. The New Rise Reno facility has a pending utility patent related to the modular design, layout and configuration that requires less area to build – a 10-acre footprint – and can be efficiently replicated, allowing for rapid expansion, says the company. XCF uses distilled corn oil, a waste product, as feedstock.

The company believes small modular projects are more attractive to financing because they require lower initial investments, can be developed incrementally and are more agile in response to market conditions. It is targeting rapid deployment across the US and globally. READ MORE