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HOUSTON - XCF Global, Inc. (NASDAQ:SAFX), a small-cap renewable energy company with a market capitalization of $125.66 million, announced Thursday that its renewable fuel production relies on domestically sourced feedstocks, supporting American farmers and rural economies while advancing U.S. energy independence. The company’s stock has faced significant headwinds, declining over 83% in the past year according to InvestingPro data.
The company’s New Rise Reno facility processes ISCC-certified distillers corn oil, a byproduct of U.S. ethanol production, to produce Synthetic Aviation Fuel (SAF). It also uses crude degummed soybean oil, a co-product of the U.S. oilseed supply chain, to produce renewable diesel. Financial metrics from InvestingPro indicate operational challenges, with a return on assets of -21.32% and an Altman Z-Score of 0.06, suggesting potential financial distress.
XCF’s feedstock supply chain is supported by its partnership with Phillips 66, which provides access to these domestically produced materials. The facility is designed to process various waste- and residue-based feedstocks that are not suitable for direct human consumption.
"We’re proud to put American farmers at the center of our supply chain," said Mihir Dange, Chief Executive Officer and Board Chair of XCF. "Our supply chain supports domestic jobs and rural economies, while strengthening our nation’s energy independence."
The New Rise Reno facility was commissioned in February 2025. XCF plans to expand with additional sites in Nevada, North Carolina, and Florida, each expected to have a production capacity of 40 million gallons of SAF. The company anticipates reaching a total production capacity of approximately 160 million gallons by 2028.
XCF Global is focused on accelerating the aviation industry’s transition to net-zero emissions through SAF production. The company trades on the Nasdaq Capital Market under the ticker SAFX.
This article is based on a press release statement from XCF Global.
In other recent news, XCF Global, Inc. announced a significant investment plan of nearly $1 billion to expand its Synthetic Aviation Fuel (SAF) production network across the United States and internationally. This development will increase the company’s production capacity to approximately 160 million gallons per year by the end of 2028, with new facilities planned in Fort Myers, Florida, Wilson, North Carolina, and an additional site near its existing New Rise Reno facility in Nevada. Furthermore, XCF Global has signed a Memorandum of Understanding to launch New Rise Australia in partnership with Continual Renewable Ventures, marking its international expansion efforts. The New Rise Reno facility has already produced over 2.5 million gallons of renewable fuels since February 2025, demonstrating the company’s operational capabilities.
In a separate development, XCF Global amended agreements with Helena Global Investment Opportunities I Ltd and Randall Soule, resulting in a cash payment of $2.25 million from Helena and the return of certain shares by Soule for cancellation. The company also unveiled an international expansion strategy focused on regional partnerships to deploy its SAF technology globally, leveraging a modular facility design that supports efficient market entry. The company has identified multiple high-priority markets and is in discussions with potential regional partners. These strategic moves come amid a growing global demand for SAF, driven by increasing policy momentum to reduce carbon emissions in the aviation industry.
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