XCF Global reports first $1M in commercial revenue from renewable fuel plant

renewable diesel sustainable aviation fuel commercial revenue New Rise Renewables Nasdaq:SAFX

XCF Global (Nasdaq: SAFX) has reported its first commercial revenue from operations at its flagship New Rise Renewables facility in Reno. The company announced it has collected approximately $1 million in initial cash from product offtake.

This milestone marks the company's transition from the development and commissioning phases to active commercialization. The New Rise Renewables facility has a permitted nameplate capacity of up to 38 million gallons per year of renewable diesel and sustainable aviation fuel (SAF).

CEO Chris Cooper stated that generating this revenue is a definitive turning point for the company, asserting that the milestone validates the viability of their assets and demonstrates operational execution.

Entities

Chris Cooper · New Rise Renewables · XCF Global

Sources

XCF Global ships 55,000 gallons of renewable diesel daily [www.biobased-diesel.com]

4 days ago

XCF Global's renewable fuel plant reaches about $1M in first revenue [www.stocktitan.net]

4 days ago

XCF Global (Nasdaq:SAFX) Surpasses Approximately $1 Million in Initial Commercial Revenue from New Rise Renewables Facility [digitalmedianet.com]

4 days ago