In Nevada, XCF Global Capital announced the commencement of commercial production of neat SAF at New Rise Renewables. In addition, New Rise has entered into an irrevocable corporate purchase order (ICPO) for the sale of over 3 million gallons of neat SAF with an unaffiliated third-party buyer. The first shipments of neat SAF are expected to begin in February 2025, with delivery anticipated to begin in early March, the firm said. “Reaching commercial production at New Rise is an exciting milestone, reflecting years of dedication, engineering excellence, and our commitment to innovation,” said Mihir Dange, Chief Executive Officer of XCF. “We are proud to begin customer deliveries and provide high-quality SAF that supports the decarbonization of the aviation industry.” The firm also noted that this achievement marks the beginning of XCF’s commercial ramp-up as the company accelerates SAF production to meet growing demand for clean energy solutions.
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