XCF Global Secures Lease Forbearance Through January 2027, Eyes June Restart
XCF Global’s Reno facility secured lease forbearance through January 1, 2027, under an April 27 agreement requiring compliance and payments. Commissioned in February 2025, the plant produced over 2.5 million gallons of sustainable aviation fuel, diesel and naphtha and targets a June restart after final operational upgrades.
1. Forbearance Agreement Details
On April 27, New Rise Renewables Reno entered a forbearance agreement with Twain GL XXVIII, LLC, securing relief from lease default remedies through January 1, 2027. The agreement requires compliance with operational milestones and periodic payments to maintain lease terms.
2. Production History and Upgrade Scope
The Reno facility, commissioned in February 2025, has produced over 2.5 million gallons of sustainable aviation fuel, renewable diesel and naphtha since commercial operations began in March 2025. Current upgrades focus on stability, equipment readiness, quality systems and start-up procedures to achieve certified fuel standards.
3. Operational Outlook and Financial Impact
XCF targets a return to operations in June upon completion of upgrades and start-up protocols. Securing forbearance mitigates immediate lease default risks and provides runway to finalize enhancements without disrupting production plans or incurring eviction actions.