XCF Global to Invest $1 Billion in SAF Production by 2028

XCF Global, Inc., a leading force in decarbonizing the aviation sector, has announced its plan to invest nearly $1 billion in multiple SAF production facilities by 2028. The company has already invested $350 million in its operational New Rise Reno facility, contributing to renewable fuel production.

The strategic expansion includes three new U.S. sites, aiming for 160 million gallons annual capacity by 2028. Sites in Reno, Ft. Myers, and Wilson are in development. This aligns with the expanding global market, where 4 billion people will reside in countries with SAF mandates by 2030.

Internationally, XCF has signed an MOU with Continual Renewable Ventures to launch an SAF platform in Australia. The move indicates XCF's commitment to leveraging its patent-pending site design for efficient global deployment.