XCF Global Highlights 30% Jet Fuel Price Surge and 38M Gallon SAF Capacity
XCF Global's CEO discussed on a podcast how U.S. jet fuel prices jumped over 30% to above $3.75 per gallon, underscoring demand for sustainable aviation fuel. The company’s New Rise Reno facility holds a 38 million-gallon annual capacity, leveraging Section 45Z tax credits and feedstock partnerships to scale production.
1. CEO Podcast Highlights Jet Fuel Surge and SAF Demand
XCF Global CEO Chris Cooper appeared on a podcast to examine a more than 30% rise in U.S. jet fuel prices, which climbed above $3.75 per gallon. He underscored how volatile conventional fuel costs are pushing airlines and policymakers toward scalable sustainable aviation fuel solutions.
2. New Rise Reno Facility and Growth Strategy
XCF Global's New Rise Renewables Reno facility holds a permitted nameplate capacity of 38 million gallons per year, backed by feedstock tolling partnerships. The company plans to leverage Section 45Z Clean Fuel Production Tax Credits, secure offtake agreements, and pursue expansion opportunities in Nevada, North Carolina and Florida to scale production.