On July 10, XCF Global Inc. announced a major strategic plan to invest nearly $1 billion over the next three years to develop multiple sustainable aviation fuel (SAF) production facilities in the United States, further expanding its influence in the clean energy sector and advancing its global growth strategy.
Since its inception, XCF has invested over $350 million in its New Rise Reno facility in Reno, Nevada, creating approximately 60 full-time jobs, demonstrating its ability to drive large-scale SAF commercialization. The expansion plan will add three new facilities with an annual production capacity of 40 million gallons each, located in Florida, North Carolina, and Nevada. These facilities are expected to come online between 2027 and 2028, bringing the total production capacity to 160 million gallons annually.
With over 2 billion people worldwide living in regions with SAF policy incentives, and projections indicating this number will grow to 4 billion by 2030, XCF is accelerating its international expansion. The company has signed a memorandum of understanding with Continual Renewable Ventures to establish the New Rise Australia platform in Australia, replicating its patented modular design and multi-fuel production model.
CEO Mihir Dange stated that the company is advancing aviation decarbonization through a “technology + capital + speed” integrated model, while delivering tangible returns for investors.
Translated with DeepL.com (free version)
