XCF Global announced plans to invest nearly $1 billion in synthetic aviation fuel (SAF) production. The company aims to develop multiple facilities in the U.S. and abroad by 2028.
The New Rise Reno plant, which cost $350 million, is already operational. It produces SAF and renewable diesel. The facility has created about 60 jobs in Nevada.
XCF’s strategy is driven by growing global demand. By 2030, over 4 billion people will live in countries with SAF mandates or incentives. This expansion aims to meet that rising need.
CEO Mihir Dange said, “We’re building decarbonization now, not just dreaming about it.” He emphasized the company’s progress and future plans.
In the U.S., XCF has acquired three new sites. Each will produce 40 million gallons annually. By 2028, total U.S. capacity should reach approximately 160 million gallons per year.
The new sites include a second Reno facility, scheduled for completion in 2027. It will share utilities with the existing plant for efficiency. The other two sites are in Florida and North Carolina, both expected to be operational by 2028.
These plants will feature modular, patent-pending designs. They can quickly adapt to produce SAF, renewable diesel, or other fuels. This flexibility supports multiple revenue streams.
XCF’s international growth includes a partnership in Australia. The company signed an MOU to develop a SAF and renewable diesel plant there, leveraging its modular platform.
Dange stated, “Our technology, design, and disciplined investment support global SAF adoption.” The company aims to help decarbonize aviation and support energy independence.
