XCF Global’s August revenue exceeds $10 million from renewable diesel sales

Nevada biobased diesel producer XCF Global Inc. announced Sept. 25 that its August revenue from New Rise Renewables Reno’s sale of 1.3 million gallons of renewable diesel totaled more than $10 million.

August results reflect the first month of completed commercial fuel sales to customers and the corresponding revenue generated by XCF’s New Rise Renewable Reno facility from product sales, related incentives and renewable attributes after the facility’s restart in July.

“August renewable diesel sales and revenue demonstrate our continued commercial and operational execution as we have successfully restarted production in our New Rise Reno operation,” said XCF CEO Chris Cooper.

“Our focus remains on scaling our operations and commercial success, safely, reliably and sustainably producing and selling renewable fuels to our customers and increasing revenue and profitability, month over month, from our New Rise Renewables Reno facility,” Cooper added.  

The company said it believes the August results “provide a clear measure of our commercial capability, and our ability to increase daily production and sales from approximately 50,000 gallons per day to over 70,000 gallons per day—and ultimately our nameplate capacity of more than 100,000 gallons per day.”