XCF Global Plans $1 Billion Investment to Build SAF Production Network

XCF Global has unveiled a strategic plan to invest nearly $1 billion (€860 million) over the next three years to build a network of sustainable aviation fuel (SAF) production facilities. This move aims to expand its U.S. operations and accelerate international growth. Since its inception, the company has invested over $350 million (€300 million) in the New Rise Reno project, which has created around 60 full-time jobs in the Reno-Tahoe region. With over 2 billion people now living in countries that mandate SAF use or offer strong incentives, and that number expected to double by 2030, XCF is positioning itself to meet the growing global demand. CEO Mihir Dange emphasized, “We’re not just dreaming of decarbonizing aviation—we’re making it happen.”