XCF highlights strength of RIN credit market

XCF Global Inc. highlighted recent strength in federal Renewable Fuel Standard credit markets Aug. 10 as New Rise Renewables Reno produces renewable diesel for commercial fuel markets.

According to the Energy Information Administration, biomass-based diesel (D4) renewable identification number (RIN) credit values reached approximately $2.41 per RIN as of June 4, nearly doubling from the beginning of the year and approaching historic highs.

EIA attributed the increase primarily to higher federal renewable fuel blending requirements established by U.S. EPA.

EIA further reported that renewable diesel currently generates approximately 1.6 to 1.7 RINs per gallon, resulting in more than $3.50 per gallon of associated RIN value under prevailing market conditions.

Earlier this year, XCF highlighted EPA’s final 2026 and 2027 RFS volumes, which established renewable fuel requirements at levels EPA described as the highest in program history.

XCF previously noted that higher renewable volume obligations (RVOs) generally increase demand for compliance credits under the RFS program, creating a supportive policy backdrop for qualifying renewable fuel producers.

New Rise Reno is supporting commercial fuel deliveries under the company’s previously announced commercial framework.

XCF said it believes current renewable fuel credit market conditions underscore the broader economic mechanisms designed to support domestic renewable fuel production and commercialization.

“Earlier this year, we discussed the importance of the Renewable Fuel Standard and the role renewable fuel credits can play in supporting domestic renewable fuel production,” said XCF Global CEO Chris Cooper. “New Rise Reno is producing renewable diesel and participating in commercial fuel markets. While RIN values are market-based and can fluctuate significantly, we believe recent strength in renewable fuel credit markets highlights the value of the policy framework supporting renewable fuel production in the United States.”

XCF added that it believes favorable renewable fuel market fundamentals, combined with increasing RVOs, continue to support long-term demand for renewable diesel and sustainable aviation fuel (SAF).

According to XCF, EPA’s final 2026 RFS increased total RVOs by approximately 15.6 percent versus 2025 levels, reinforcing the importance of domestic renewable fuel production capacity.

XCF said it remains focused on safe operations and commercial execution as renewable fuel credit markets continue to reinforce the value of domestic production capacity.

On Aug. 7, XCF provided an operational update on renewable diesel production, initial fuel sales and ongoing optimization work at its New Rise Renewables Reno facility.

Since restarting operations following its planned upgrade program, New Rise Renewables Reno has produced renewable diesel, completed initial fuel sales and advanced operational optimization efforts that the company said it believes are designed to support reliability, efficiency and long-term commercial performance.

The company said it believes the work completed during the facility’s upgrade and restart process has improved operational performance, including updated process conditions and lower-temperature operating parameters, and may help establish a foundation for ongoing production and operational optimization.

As part of normal refinery operations, the company said it may periodically adjust operating rates or schedule maintenance activities to support safe and reliable performance.

“Restarting a renewable fuels facility is only the beginning,” Cooper said. “Our focus now is operating safely, improving reliability and executing with discipline as production and commercial activity advance. We are encouraged by the progress being made by our team and remain focused on building a scalable platform for renewable fuel production.”

XCF said it continues to work alongside its commercial partners, including BGN INT US LLC, as renewable diesel operations advance and initial fuel sales proceed under the framework established earlier this year.