XCF Global Taps Cooper, Schnitzer as CFO and Eyes $110–120M Revenue, 40–43M Gallons
XCF Global aims for $110–120M net revenue and 40–43M gallons of renewable fuel at New Rise Reno in 2027, after producing over 2.5M gallons. The company appointed Chris Cooper as renewable fuels head, named Harvey Schnitzer interim CFO, and secured BGN offtake, Axens licensing and a business merger.
1. Leadership Strengthening
XCF Global appointed Chris Cooper, former President of Neste North America and renewables trading head at BGN, to lead its sustainable aviation fuel efforts. In April 2026 the company named Harvey Schnitzer, a CPA with three decades of CFO and operational leadership experience, as interim Chief Financial Officer.
2. New Rise Reno Operations
New Rise Reno began commercial production in February 2025 and has generated over 2.5 million gallons of SAF, diesel and naphtha. An upgrade program with technical input from Axens and on-site oversight by Alvarez & Marsal is underway to bolster procedures and readiness, targeting a June 2026 operational restart.
3. Strategic Partnerships and Agreements
XCF signed a binding offtake agreement with BGN INTL leveraging its production and BGN’s distribution network, and executed a licensing deal with Axens for its Vegan® technology. The company is also advancing modular SAF facility licensing in Australia and New Zealand and signed a business combination with Southern Energy Renewables and Devvstream, backed by $10 million in conversion funding and potential 45Z Clean Fuel Production Credits.
4. 2027 Financial and Production Targets
For the year ending December 31, 2027, XCF Global is targeting gross product sales of $775–825 million, net revenue of $110–120 million, EBITDA of $65–70 million, and renewable fuel production of 40–43 million gallons at its New Rise Reno platform.