XCF Global, Inc. (XCF), a prominent player in aviation decarbonization through Synthetic Aviation Fuel (SAF), has announced plans to invest nearly $1 billion to expand its SAF production network. The investment will support the development of new facilities across the U.S. and accelerate the company’s international growth. Since its founding, XCF has already committed around $350 million to launch the New Rise Reno project, which has created approximately 60 full-time jobs in management, engineering, and other technical fields in the Reno-Tahoe region, according to the press release.
Currently, more than 2 billion people live in countries with SAF blending mandates or strong policy incentives such as tax credits, a figure projected to double by 2030. This growing global demand forms the foundation of XCF’s decision to scale up both domestic and international operations, focusing on regions where government policy, aviation market needs, and decarbonization goals are aligned.
“We’re not just envisioning a low-carbon future for aviation, we’re actively building it,” said Mihir Dange, CEO and Board Chair of XCF. “With over $350 million already deployed at New Rise Reno, we’ve demonstrated that commercial-scale SAF production is viable. Over the next three years, we plan to invest nearly $1 billion in additional sites that will generate real production volumes, revenue, and returns for our stakeholders.”
U.S. Expansion Plans
As part of its U.S. growth strategy, XCF has secured three new sites for development, each projected to have a nameplate production capacity of 40 million gallons per year. Combined with New Rise Reno, total annual output is expected to reach approximately 160 million gallons by the end of 2028.
- New Rise Reno 2: Located next to the original facility, this site will benefit from shared infrastructure and is scheduled for completion in 2027.
- Ft. Myers, Florida: Positioned to meet rising SAF demand in the Southeast, with access to port infrastructure; expected online by 2028.
- Wilson, North Carolina: Strategically located to serve the East Coast and foster local job growth; also targeted for completion in 2028.
Each site will follow the modular, patent-pending design of New Rise Reno, enabling fast construction, flexible production capabilities, and capital-efficient scaling. Facilities will produce both SAF and renewable diesel, supporting a diversified revenue stream and optimized plant operations.
Global Expansion in Australia
Beyond the U.S., XCF is pushing ahead with international expansion. The company recently signed a Memorandum of Understanding (MoU) with Continual Renewable Ventures to develop New Rise Australia, a new SAF and renewable diesel production platform. The project will utilize XCF’s modular design and integrated technology to enable rapid, cost-effective deployment of renewable fuel capacity in the Australian market.
“Our approach combines tested technology, scalable design, and smart capital allocation to promote global SAF adoption,” said Dange. “We’re contributing to U.S. energy independence, creating quality manufacturing jobs, and helping reduce emissions in one of the most challenging sectors to decarbonize. For our investors, this represents a clear and compelling growth trajectory—and we’re just getting started.”
