XCF Global to invest nearly $1B in renewable fuel production capacity by 2028

XCF Global (SAFX) shared its strategic plan to invest close to $1B in developing a network of SAF production facilities, expanding its U.S. footprint, and advancing its international growth strategy. From inception, approximately $350M 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. 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 40M gallons. Together with New Rise Reno, these sites are expected to deliver total production capacity of approximately 160M 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. 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 to launch New Rise Australia, a new SAF and renewable diesel production platform in partnership with Continual Renewable Ventures.