XCF Global ships 1.4 million gallons of renewable diesel in September
XCF Global Inc. announced Oct. 13 that its September gross-product sales topped $12 million from renewable diesel, driven by increasing production and expanding commercial contracts and shipments of approximately 1.4 million gallons from XCF’s New Rise Renewables Reno facility.
September results reflect continued commercial and operational execution following the successful restart of the facility earlier this year, including increases in commercial sales activity, expanded customer contracts, product shipments and corresponding gross-product sales generated from fuel sales, government incentives and renewable attributes.
“The momentum we are building at New Rise Renewables Reno is about more than the month’s performance,” said XCF CEO Chris Cooper.
“We believe it reflects repeatable and sustainable commercial operations, with higher production supporting increased shipments and product sales as we continue scaling New Rise Renewables Reno,” Cooper added.
This performance builds on the company’s previously reported August results and reflects continued progress at the New Rise Renewables Reno facility.
After increasing daily production and sales from approximately 50,000 gallons per day to more than 70,000 gallons per day in August, XCF said it increased daily production to 85,000 gallons per day by the end of September and shipped approximately 1.4 million gallons of renewable diesel.
The company said it believes its September performance further demonstrates its ability to convert increased production into product sales.
At approximately 85,000 gallons per day, daily production is approaching the facility’s permitted nameplate capacity of 105,000 gallons to 110,000 gallons per day, or approximately 38 million gallons to 40 million gallons per year.
