XCF Global outlines $1 billion plan to build multiple SAF production facilities by 2028

XCF Global Inc. shared its strategic plan July 10 to invest close to $1 billion in developing a network of sustainable aviation fuel (SAF) production facilities, expanding its U.S. footprint and advancing its international growth strategy.

From inception, approximately $350 million 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 of Nevada.

Today, more than 2 billion people around the world live in countries with SAF blending mandates or strong incentives like tax credits.

By 2030, this number is expected to grow to more than 4 billion people.

This clear, expanding global demand underpins XCF’s decision to scale production at home and internationally, ensuring the company is positioned to serve markets where policy, aviation demand and decarbonization goals align.

“We're not simply dreaming about decarbonizing the aviation industry—we’re building it right now," said Mihir Dange, XCF’s CEO and board chair. “With over $350 million already invested through New Rise Reno, we’ve proven that we can bring large-scale, commercial SAF production online. Our strategy is to invest nearly $1 billion over the next three years to develop multiple production facilities that will deliver real volumes, real revenue and real impact for our shareholders.”

US growth pipeline

XCF’s U.S. expansion plan includes three additional production sites that have already been acquired and are ready for development.

Each facility is expected to have nameplate production capacity of 40 million gallons.

Together with New Rise Reno, these sites are expected to deliver total production capacity of approximately 160 million 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, the facility is expected to be completed in 2027.

• Fort Myers, Florida—With growing SAF demand in the Southeast U.S. and access to port infrastructure, this facility is expected to be completed by 2028.

• Wilson, North Carolina—Strategically located to serve East Coast markets and support local economic development, the plant is expected to be completed by 2028.

These new sites are anticipated 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 multiproduct revenue strategy that maximizes plant utilization and financial performance.

International expansion strategy

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 (MOU) to launch New Rise Australia, a new SAF and renewable diesel production platform in partnership with Continual Renewable Ventures.

This venture is designed to leverage XCF’s patent-pending site design, configuration and layout to enable faster, capital-efficient deployment of SAF and renewable diesel capacity in Australia.

“We’re executing a strategy that combines proven technology, modular design and disciplined capital investment to facilitate global SAF adoption,” Dange added. “We’re supporting U.S. energy independence, creating good-paying manufacturing jobs and helping decarbonize one of the hardest-to-abate sectors in the world. For our investors, that means a clear, tangible roadmap to growth—and we’re just getting started.”