SAFX News & Events

XCF Global (SAFX) and DevvStream Corp. (DEVS) announced that as part of their previously announced three-party Business Combination Agreement with Southern Energy Renewables the combined entity will explore the development of an integrated platform designed to generate, verify, and market 45Z Clean Fuel Production Credits generated through XCF's production of SAF. The company said, "If successfully developed, we believe this platform would represent an industry-first model in which a SAF producer and a dedicated environmental attribute monetization firm operate as a single, vertically integrated entity, linking domestic clean fuel production directly with structured transfer and sale of clean fuel tax credits. Strategic Highlights: XCF's New Rise Reno facility has a permitted nameplate production capacity of 38 million gallons per year and produces SAF using domestic non-food waste for feedstocks, qualifying the company as a registered clean fuel producer under Section 45Z, which provides potential eligibility of up to $.60 per gallon in transferable tax credits for qualifying SAF production through Dec 31, 2029. DevvStream's environmental-asset monetization infrastructure is expected to provide the verification, recordkeeping, and buyer-matching capabilities needed to market 45Z credits under Section 6418 to unrelated corporate buyers seeking to reduce their U.S. tax liability. At projected SAF production volumes, and subject to facility qualifications and regulatory finalization, the combined platform could generate meaningful annual 45Z credit values, subject to final regulations, verification, and market conditions as XCF scales its planned production capacity."

XCF Global provided an update on the conversion of its New Rise Renewables Reno Plant remains on schedule. The ongoing transformation of the plant is part of XCF's New Rise Renewables' broader strategy and is intended to enhance production and operational efficiency. XCF's flagship New Rise Reno plant is undergoing a series of upgrades that are designed to optimize plant performance and support compliance with the applicable industry and operational standards. The conversion process includes the implementation of technologies and equipment modifications developed with support from Axens, a leading global licensor of sustainable refining and biofuels technologies, which serves as a technology partner to XCF. These updates are intended to support the production of sustainable aviation fuel, while maintaining operational stability and yield efficiency. Planned and ongoing updates to the plant include: Catalyst Replacement: The Isomerization Reactor is being reloaded with fresh catalyst to ensure optimal performance. Equipment Modifications: Modifications intended to improve optimism and reduce the potential for spurious trips at turndown flow rates and ensure stability at SAF severity. Heat Exchange Improvements: A new heat exchanger is being installed to take advantage of heat recovery to enhance product throughput and quality. The catalyst delivery schedule is currently expected to proceed as planned, with the first catalyst anticipated to arrive by end of May 2026 and the second delivery of catalyst in early June 2026, supporting the anticipated commissioning of the plant in early June. The company expects these deliveries to support planned commissioning activities, subject to project conditions.

XCF Global announced the execution of a commercial collaboration agreement with Axens North America. This collaboration is anticipated to enable XCF to deploy its proprietary modular refinery design and engineering blueprint in combination with Axens Vegan process through a licensing-based model intended to accelerate the development of domestic and global SAF capacity. Under the agreement, it is expected that XCF and Axens will collaborate to engage with potential project developers and plant owners interested in deploying sustainable fuels facilities. Axens will continue to license its proprietary Vegan process directly to customers, while XCF may independently offer its project management, construction, and operational services based on its experience developing and operating services through a licensing approach, leveraging its experience building and operating a commercial Vegan unit in the United States. The Commercial Collaboration Agreement has an initial term of three years.