XCF Global Welcomes Growing Momentum for Sustainable Aviation Fuel Adoption in the United States

• Policy Momentum: Federal and State Policy Alignment Is Accelerating Nationwide SAF Adoption

• Policy Momentum: Federal and state policy alignment is accelerating nationwide SAF adoption

• Market Opportunity: U.S. SAF market projected at $7 billion by 2030, with a $25 billion global opportunity

• Strategic Investment: $350 million invested in the New Rise Reno facility, advancing America's push to decarbonize aviation

HOUSTON, TEXAS /ACCESS Newswire/ November 20, 2025 / XCF Global, Inc. ("XCF") (Nasdaq: SAFX), a key player in decarbonizing the aviation industry through Sustainable Aviation Fuel ("SAF"), today commented on the expanding policy momentum supporting SAF adoption across the United States.

Momentum is building fast. Under the U.S. SAF Grand Challenge, federal targets call for 3 billion gallons of annual production by 2030—scaling to 35 billion gallons by 2050 to meet 100% of domestic demand. Today, production remains below 1% of U.S. jet fuel use, underscoring both the urgency and the scale of the opportunity.

The U.S. SAF market is expected to grow more than seven-fold—from approximately $860 million in 2024 to nearly $7 billion by 2030—representing a compound annual growth rate (CAGR) of ~47%. Globally, the SAF market is projected to exceed $25 billion, with worldwide demand surpassing 5.5 billion gallons over the same period.

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At the state level, momentum is accelerating in parallel. California, Oregon, Washington, and New Mexico have adopted low-carbon fuel standards that include SAF, and five additional states are advancing similar frameworks. Collectively, these states represent nearly 40% of total U.S. jet fuel consumption, creating a rapidly expanding incentive landscape for SAF deployment.

"Policy momentum is transforming aspiration into execution," said Chris Cooper, CEO of XCF Global. "The U.S. is making it clear that sustainable aviation fuel is essential to the future of aviation. With supportive federal and state frameworks, airlines and energy companies can move beyond pilot programs and commit to long-term, scalable decarbonization strategies. At XCF, we're building one of America's leading SAF platforms—designed to scale production, strengthen domestic supply chains, and meet the growing demand for home-grown, low-carbon fuels."

From inception, approximately $350 million has been invested in XCF's flagship New Rise Reno facility. The company is advancing a project pipeline of three additional sites. The second facility, New Rise Reno 2, located adjacent to the existing site, will share utilities and logistics infrastructure to maximize efficiencies. XCF expects construction to begin in 2026 and operations from 2028, following an additional $300 million investment that is expected to double production capacity to ~80 million gallons per year.

As global demand accelerates, the U.S. has an opportunity to not only meet its own decarbonization goals but also to become a leading exporter of low-carbon fuels. Expanding domestic SAF production supports the Make More in America Initiative, creates high-tech, clean-energy jobs, and strengthens the nation's competitiveness in the global energy transition.

"America's aviation industry has always thrived on innovation," Cooper continued. "With clear policy alignment and accelerating demand, the U.S. has a generational opportunity to lead the world in sustainable aviation. XCF is committed to turning that opportunity into action—transforming today's policy commitments into tomorrow's progress."

About XCF Global, Inc.

XCF Global, Inc. 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: ~159.2 million.

The views and opinions expressed herein are the views and opinions of the author and do not necessarily reflect those of Nasdaq, Inc.