XCF Global, Inc. (Nasdaq: SAFX), a company working to reduce aviation emissions through sustainable aviation fuel (SAF), has said that policy support across the United States is driving rapid growth in the sector, according to the press release.
The company noted that under the U.S. SAF Grand Challenge, the federal government aims to produce 3 billion gallons of SAF annually by 2030 and scale up to 35 billion gallons by 2050 to meet all domestic demand. Current production remains below 1% of U.S. jet fuel use, highlighting the size of the challenge and the opportunity ahead.
The U.S. SAF market is projected to expand sharply—from about $860 million in 2024 to nearly $7 billion by 2030, a compound annual growth rate of roughly 47%. Globally, the market is expected to exceed $25 billion, with demand rising above 5.5 billion gallons during the same period.
Support at the state level is also increasing. California, Oregon, Washington and New Mexico have already adopted low-carbon fuel standards that include SAF, while five more states are developing similar rules. Together, these states account for nearly 40% of U.S. jet fuel consumption, creating strong incentives for wider SAF adoption.
“Policy momentum is transforming aspiration into execution,” said Chris Cooper, CEO of XCF Global. “The U.S. is making it clear that sustainable aviation fuel is essential to the future of aviation. With supportive federal and state policies, airlines and energy companies can move past trial stages and commit to long-term, scalable decarbonization strategies.”
XCF Global has invested about $350 million in its primary New Rise Reno facility and is developing three more project sites. The second plant, New Rise Reno 2, will be built next to the current facility, sharing utilities and logistics systems to improve efficiency. Construction is expected to begin in 2026, with operations starting in 2028 after an additional $300 million investment. The expansion is expected to double output to around 80 million gallons per year.
With global demand rising, the company said the U.S. has the chance not only to meet its own climate targets but also to become a major exporter of low-carbon fuels. More domestic SAF production, it said, will support the Make More in America Initiative, create high-tech clean-energy jobs and strengthen the country’s position in the global energy transition.
“America’s aviation industry has always thrived on innovation,” Cooper said. “With clear policy alignment and growing demand, the U.S. has a generational opportunity to lead the world in sustainable aviation. XCF is committed to turning that opportunity into action.”
