XCF Global announced the successful listing of its Class A common stock on the Nasdaq Capital Market.
Mihir Dange, CEO of XCF Global, expressed pride in becoming a public company. He highlighted the importance of advancing low-carbon aviation solutions. Dange stated that the listing allows faster development of their sustainable aviation fuel (SAF) platform and increased production capacity.
XCF was formed from a merger between XCF Global Capital and Focus Impact BH3 Acquisition Company. It is currently a sole-asset producer of SAF at its Nevada facility, called New Rise Reno. The plant has a capacity of 38 million gallons per year of neat SAF.
XCF began delivering its first batch of neat SAF to customers in March 2025. This milestone marked operational progress for the company. The firm is developing additional production sites in Nevada, North Carolina, and Florida. These sites aim to expand SAF capacity and support long-term growth.
The SAF sector is rapidly growing as the aviation industry targets net-zero carbon emissions by 2050. Global SAF production tripled to 600 million liters in 2023 and reached 1.25 billion liters in 2024. SAF can cut CO2 emissions by up to 80% compared to traditional jet fuel.
Major U.S. airlines, through Airlines for America, aim to provide 2 billion gallons of SAF by 2030. The U.S. Department of Energy has set ambitious SAF targets under the SAF Grand Challenge. Since 2021, domestic SAF production has increased tenfold.
These efforts support the aviation industry’s sustainability goals and the Paris Agreement. The move to go public positions XCF to contribute significantly to the growing low-carbon fuel market.
XCF’s listing aligns with a broader industry shift toward renewable aviation fuels. It underscores the sector’s commitment to reducing carbon footprints and advancing environmental responsibility.
