XCF Global Capital, Inc., a prominent force in driving the aviation industry toward decarbonization through Sustainable Aviation Fuel (SAF), has announced the start of commercial production of neat SAF at New Rise Renewables, LLC. Alongside this milestone, New Rise has secured an irrevocable corporate purchase agreement with an independent third-party buyer for the sale of more than 3 million gallons of neat SAF. Initial shipments are slated to commence in February 2025, with deliveries expected to begin by early March of the same year.
Mihir Dange, CEO of XCF, expressed his enthusiasm about this significant achievement, stating, “The launch of commercial production at New Rise represents a pivotal moment for us, underscoring years of relentless effort, engineering expertise, and our unwavering focus on innovation. We are thrilled to initiate customer deliveries and contribute to the aviation industry’s decarbonization journey by supplying high-quality SAF.”
This development signifies the start of XCF’s commercial-scale operations as the company intensifies its SAF production to address the rising global demand for sustainable energy solutions. With New Rise now operational, XCF is making strides toward its vision of leading the aviation sector’s transition to a greener future.
