XCF Global Advances Toward Initial Renewable Diesel Production With Planned Transition To SAF Amid Global Fuel Market Volatility

Jet fuel and diesel prices up sharply in 2026, with jet fuel ~70% higher year-over-year and U.S. diesel prices rising ~50%+, reflecting global supply disruptions

XCF Global, Inc. ("XCF"), an emerging U.S.-based producer of renewable diesel and sustainable aviation fuel ("SAF"), today provided an update on the advancement of its New Rise Renewables Reno facility as it progresses toward initial production during a period of heightened volatility across global fuel markets.

XCF expects the facility to initially produce renewable diesel during its startup and optimization phase, with the capability to transition into sustainable aviation fuel ("SAF") production as part of its planned operating configuration.

Global fuel markets remain under pressure from ongoing geopolitical disruptions impacting crude oil supply and refining capacity. These dynamics have contributed to elevated pricing across both jet fuel and diesel markets, reinforcing the importance of new domestic supply. Industry data indicates jet fuel prices are significantly higher in 2026, while diesel prices have also risen sharply due to tight distillate supply and sustained demand across transportation and industrial sectors.

The New Rise Renewables Reno facility is advancing through final commissioning activities, including system validation, and operational readiness steps required for initial production.

With a permitted nameplate capacity of approximately 38 million gallons per year, the facility is designed to support a multi-product slate of low-carbon fuels, enabling operational flexibility to respond to market conditions and customer demand.

"We believe the current market environment underscores the value of bringing flexible, renewable fuel production online," said Chris Cooper, Chief Executive Officer of XCF Global. "By beginning with renewable diesel and maintaining the ability to shift into sustainable aviation fuel, we intend to generate near-term revenue while preserving the flexibility to optimize our product mix as market conditions evolve."

XCF believes its phased production approach, combining near-term renewable diesel output with a defined transition to SAF, supports both immediate fuel supply needs and longer-term demand for non-fossil lower-carbon aviation fuels.

The Company intends to continue evaluating opportunities to expand its production footprint and develop additional projects to support growing demand for renewable fuels.