News & Events zu XCF Global Inc (SAFX)SAFXXCF Global Inc

XCF Global Outlines Strategy to Scale Renewable Fuels Platform

XCF Global outlined its strategy to scale its renewable fuels platform, integrate more of the value generated across the supply chain and deliver reliable fuel and carbon solutions to customers. Following the completion of its business combination with Southern Energy Renewables and DevvStream, XCF brings renewable-fuel production, feedstock and fuel technology, and carbon solutions together under one platform. XCF intends to scale its renewable fuels platform through a combination of operating-asset optimization, greenfield and brownfield expansion, and capital-efficient licensing opportunities. XCF's integration strategy is designed to connect production, feedstock, offtake, distribution and environmental value across the renewable fuels supply chain. Execution remains central to XCF's strategy. The Company is bringing one expert team across the supply chain, maintaining a safety-first culture, providing reliable fuel supply and delivering carbon solutions that respond to customers' operational and commercial needs.

XCF Global Appoints New President and CFO to Support Growth

XCF Global announced leadership appointments designed to support the Company's continued growth, strategic execution and organizational integration. Wray Thorn has been appointed President and Chief Financial Officer of XCF Global, expanding his involvement with the Company from his role as Chair of the Finance Committee of XCF's Board of Directors. Harvey Schnitzer, who has served as Interim Chief Financial Officer, is transitioning to the role of Director of Integration. In this position, he will lead efforts to bring together XCF's expanding organization and advance integration priorities across the business.

XCF Global Acquires Renewable Fuel Production Facility in California

XCF Global has entered into a definitive agreement to acquire a renewable fuel production facility in Paramount, California through a newly formed subsidiary of XCF, New Rise Renewables Paramount. Located less than 20 miles south of downtown Los Angeles, the Paramount facility builds on the site's long history in fuel production and its transition to renewable fuels, bringing together established infrastructure, technical expertise and domestic agricultural waste to energy processing technology. The site is strategically located near Los Angeles International Airport, which is one of the world's busiest and most strategically important aviation hubs, serving more than 76 million passengers annually. Its immense scale, global connectivity, and strategic importance position LAX at the forefront of the aviation industry's transition toward sustainable aviation fuel. XCF intends to welcome the experienced team at Paramount following the closing of the acquisition, with plans to more than double the size of the team to restart operations over the next 9-12 months. Paramount was the first U.S. refinery conversion from fossil fuels to renewable fuels and has a long and successful history of renewable fuel production. The facility has benefited from meaningful investment over its history, and XCF expects to invest ~$30M during the restart period primarily in support of work-force training and operational readiness. XCF intends to capitalize on its strategic partnership with BGN to supply feedstock to New Rise Renewables Paramount as the operation relaunches and to offtake the sustainable fuels that the facility produces in support of the company's aviation and transportation customers. The acquisition is expected to close before the end of 2026, subject to agreed closing conditions.