XCF Global Moves to Double SAF Production with New Rise Reno Expansion

• Initial development completed at New Rise Reno 2, advancing XCF's second SAF production facility and positioning construction to begin in 2026.
  
• $300 million planned investment will double XCF's total SAF production capacity to ~80 million gallons annually, positioning New Rise Reno as a major U.S. SAF production center.
  
• Global demand accelerates as mandates tighten, creating one of the strongest growth opportunities in renewable fuels; one that XCF's modular SAF platform is positioned to capture.

HOUSTON, TX / ACCESS Newswire / December 5, 2025 / XCF Global, Inc. ("XCF") (Nasdaq:SAFX), a key player in decarbonizing the aviation industry through Sustainable Aviation Fuel ("SAF"), today announced new development milestones at its New Rise Reno 2 site, the Company's second SAF production facility and the next deployment of its scalable, modular production platform.

XCF has completed initial site work at New Rise Reno 2, including grading of the 10-acre parcel and construction of new access roads. Engineering, design, and project planning are underway, positioning construction to begin in 2026.

Located adjacent to the existing New Rise Reno facility in Nevada, the new site will benefit from integration with common facilities such as gas, water, rail, and personnel offices as well as existing pre-treatment, hydrogen production, and broader logistics infrastructure; reducing capital costs, lowering execution risk, and accelerating time to production.

Since inception, approximately $350 million has been invested in XCF's flagship New Rise Reno facility. New Rise Reno 2 represents the next phase of this growth strategy, with an expected $300 million investment enabling XCF to double SAF production capacity to ~80 million gallons annually.

Chris Cooper, CEO of XCF Global, commented:

"New Rise Reno 2 is the next leap forward in our growth strategy. By adding a second, fully integrated facility, we're turning New Rise Reno into a major U.S. SAF production center and positioning XCF for sustained, long-term growth. This expansion exemplifies how XCF grows: intentionally, efficiently, and with a platform built to meet surging global demand."

Rendering of New Rise Reno 2

Expanding Global Reach

The development of New Rise Reno 2 strengthens XCF's ability to meet rising SAF demand across the world's most important aviation markets. In November, XCF signed a Memorandum of Understanding ("MOU") with BGN INT US LLC ("BGN"), a global energy and commodities group, to jointly develop global distribution, marketing, and offtake frameworks across Europe, the Middle East, and other strategic markets.

The partnership would connect XCF's expanding production capacity with BGN's global logistics and trading network, creating an integrated supply chain from feedstock to finished fuel.

This strategic alignment comes as demand accelerates across major aviation markets.

U.S. SAF Grand Challenge: Federal targets call for 3 billion gallons of SAF per year by 2030 and 35 billion gallons to satisfy 100% of domestic demand by 2050; however, current U.S. production remains below 1% of jet fuel demand.

ReFuelEU Aviation Mandates: Airlines will be required to blend 2% SAF in 2025, increasing to 6% by 2030, and 20% by 2035, ultimately rising to 70% by 2050. With regional supply unable to meet these mandated volumes, Europe is expected to face structural shortages and persistently elevated SAF pricing.

Together, the U.S. and Europe represent one of the largest and fastest-growing opportunities in the clean-energy transition, with the U.S. SAF market projected to reach nearly $7 billion by 2030 and global demand exceeding $25 billion. XCF's scalable, modular SAF platform is built to scale directly into this opportunity.

XCF will continue to provide updates as development progresses.

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About XCF Global, Inc.

XCF Global, Inc. ("XCF") is a pioneering sustainable aviation fuel company dedicated to accelerating the aviation industry's transition to net-zero emissions. Our flagship facility, New Rise Reno, has a nameplate production capacity of 38 million gallons per year, positioning XCF as an early mover among large-scale SAF producers in North America. XCF is advancing a pipeline of three additional sites in Nevada, North Carolina, and Florida, and is building partnerships across the energy and transportation sectors to scale SAF globally. XCF is listed on the Nasdaq Capital Market and trades under the ticker, SAFX. Current outstanding shares: ~208.3 million; <20% free float (as of December 5, 2025).

To learn more, visit www.xcf.global