XCF Global Inc., a U.S. based sustainable aviation fuel (SAF) producer decarbonizing the aviation industry, on March 23 issued a statement on the ongoing disruption to global aviation fuel markets caused by the Middle East conflict. As jet fuel and SAF prices surge to historic levels, XCF Global is sharing its perspective on what the current crisis reveals about the structural vulnerabilities of petroleum-dependent aviation fuel supply chains and the role domestic SAF can play in addressing them.
According to S&P Global Platts data, SAF prices in California reached an all-time high of 885 cents ($8.85) per gallon in the week ended March 4, 2026, a surge of more than 132 cents ($1.32) per gallon in a single week. Spot jet fuel prices on the US West Coast increased to 125.54 cents ($1.26) per gallon in early March; levels not seen since 2022. The disruption of tanker disruption of tanker traffic through the Strait of Hormuz, through which approximately 20 million barrels per day of crude and refined product normally flow, has driven distillate prices sharply higher across major global hubs.
>> In Other News: Benton Partners With Metals Creek To Acquire 6 Projects With Natural Hydrogen Potential In Newfoundland
XCF SAF utilizes domestic waste-based feedstock. These feedstocks are not impacted by the Middle Eastern crude supply. "Our focus remains on delivering high quality SAF to our partners, maintaining operational continuity, and supporting the aviation sector as markets stabilize. America's aviation sector remains deeply tethered to a global oil market that is inherently unstable. The feedstock, the technology, and the workforce to change that exist right here at home. Domestic waste-based SAF is not a future solution. We believe it can be made available now, that it can be scalable, and that it can be produced entirely from American materials. We believe the current crisis is bringing long-overdue attention to what domestic SAF producers have understood for years; a fuel whose supply chain begins and ends in the United States is a fundamentally different kind of energy security while mitigating climate impact," Chris Cooper, CEO, XCF Global
XCF Global believes that energy security and lowering emissions from aviation are not mutually exclusive. The events of recent weeks have brought that principle into focus for the aviation sector. As the market works through this period of volatility, XCF Global remains committed to expanding its domestic production.
Follow the money flow of climate, technology, and energy investments to uncover new opportunities and jobs.
Inside This Issue ⚙️ Horizon's 5MW AEM Delivery to Rockcheck Steel Marks a Commercial First 🗺️ Verra Selects Data Service Providers to Produce REDD Risk Maps 🟢 More Green Hydrogen on Its Way 🔌 Ten...
Inside This Issue 🌬️ California Commits $11 Million To Advance Direct Air Capture Demonstration Projects 🤝 Colorado And Wyoming Sign Agreement To Coordinate Carbon Storage Permitting 🧪 Deep Tech S...
Inside This Issue ✈️ Boeing Buys 20,000-Ton Portfolio of Biochar, ERW Carbon Removals 📄 Carbonaires Launches RFP for Offtake-Backed Financing of High-Integrity Carbon Removal Projects 🍁 Excluded N...
Verra Selects Data Service Providers to Produce REDD Risk Maps
Verra REDD Risk Map Data Providers Verra has selected Agresta, Space Intelligence, and a consortium of TerraCarbon and Clark Center for Geospatial Analytics (CGA) to produce new jurisdictional act...
Delivering FEED for Dow’s Path2Zero Cogen Projectin Canada
Worley’s global team is helping Dow set a new benchmark for industrial decarbonization. Worley has been selected by Dow to provide front-end engineering design (FEED) services under a new engineer...
ACR Expands Eligible Sources and Storage in Update to Carbon Capture and Storage Methodology
Version 2.0 expands eligibility for geologic storage to include saline reservoirs and depleted oil and gas reservoirs and extends eligibility for CO2 sources to include biogenic and direct air capt...
EU Pulp Mills Face Multi-Billion Carbon Shift as Carbon Capture and Storage (CCS) Emerges
Since January 1, 2026, around 40% of European pulp mills have been excluded from the EU Emissions Trading System, ending nearly two decades of surplus allowance income. Carbon capture and storage i...
Follow the money flow of climate, technology, and energy investments to uncover new opportunities and jobs.