sur XCF Global Capital Inc. (NASDAQ:BHAC)
XCF Global Embraces Sustainable Aviation Fuel Growth in the U.S.
XCF Global, Inc. is witnessing significant momentum in the adoption of Sustainable Aviation Fuel (SAF) across the U.S. Under the U.S. SAF Grand Challenge, targets are set to achieve 3 billion gallons of annual production by 2030, eventually reaching 35 billion gallons by 2050. Current production is less than 1% of U.S. jet fuel use, highlighting the urgent need for expansion.
The U.S. SAF market could grow from $860 million in 2024 to nearly $7 billion by 2030. Furthermore, the global SAF market may exceed $25 billion within the same timeframe. States like California and Oregon are enhancing demand with low-carbon fuel standards, covering nearly 40% of U.S. jet fuel consumption.
XCF Global has invested $350 million in the New Rise Reno facility and will invest another $300 million in New Rise Reno 2, boosting production capacity. This supports domestic job creation and strengthens the U.S. position in the global energy transition.
R. P.
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