This should only be acceptable to the industry if the entire amount of 💶 collected is invested into SAF. Dramatically increase production, the price will go down, and it will become competitive against fossil based fuel. #syntheticaviationfuel #SAF

XCF Global stock soars after unveiling $1 billion SAF production expansion Investing.com -- XCF Global Inc (NASDAQ:SAFX) stock surged 130% after the company announced plans to invest nearly $1 billion to develop a network of Synthetic Aviation Fuel (SAF) production facilities across the United States and internationally. The investment will expand XCF’s production capacity to approximately 160 million gallons per year by the end of 2028 through the development of three additional U.S. production sites, which have already been acquired. These facilities will complement the company’s existing New Rise Reno operation, where approximately $350 million has been invested to date. "We’re not simply dreaming about decarbonizing the aviation industry - we’re building it right now," said Mihir Dange, Chief Executive Officer and Board Chair of XCF. The company’s expansion includes New Rise Reno 2, adjacent to its existing facility, with completion expected in 2027. Additional sites in Ft. Myers, Florida and Wilson, North Carolina are slated for completion by 2028. Each facility is expected to have nameplate production capacity of 40 million gallons. XCF is also pursuing international growth, having recently signed a Memorandum of Understanding to launch New Rise Australia in partnership with Continual Renewable Ventures. This venture will utilize XCF’s patent-pending site design to deploy SAF and renewable diesel capacity in Australia. The company cited growing global demand for SAF, noting that more than 2 billion people currently live in countries with SAF blending mandates or incentives, a figure expected to double by 2030. This article was generated with the support of AI and reviewed by an editor. For more information see our T&C. Before you buy stock in SAFX, consider this: ProPicks AI are 6 easy-to-follow model portfolios created by Investing.com for building wealth by identifying winning stocks and letting them run. Over 150,000 paying members trust ProPicks to find new stocks to buy – driven by AI. The ProPicks AI algorithm has just identified the best stocks for investors to buy now. The stocks that made the cut could produce enormous returns in the coming years. Is SAFX one of them?

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