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XCF Global Addresses Tightness in North American Fuel Markets
XCF Global addressed current dynamics across North American fuel markets as U.S. refiners face tighter crude slates following recent production pullbacks and maintenance across Canadian oil sands facilities. "Whenever cross-border crude pipelines or oil sands extraction face downtime, conventional refiners feel an immediate squeeze in their middle distillate output," said Chris Cooper, Chief Executive Officer of XCF Global. "XCF Global was built to solve this exact vulnerability. By refining domestic, waste-based feedstocks right here in the U.S., we deliver stable, commercial-scale renewable diesel while staying focused on scaling production where feedstock supply and customer demand are best aligned. That approach helps protect commercial fuel buyers from crude market shocks while supporting alternative lower emissions fuels."
Selling Stockholders Plan to Sell Up to 212.77M Shares
This filing relates to the offer and sale from time to time by the selling stockholders of up to 212.77M shares of common stock. The company is not selling any shares under this prospectus and will not receive any of the proceeds from the sale of shares by the selling stockholders.
XCF Global Updates on Renewable Diesel Production Progress
XCF Global provided an operational update on renewable diesel production, initial fuel sales and ongoing optimization work at its New Rise Renewables Reno facility. Since restarting operations following its planned upgrade program, New Rise Renewables Reno has produced renewable diesel, completed initial fuel sales and advanced operational optimization efforts that the Company believes are designed to support reliability, efficiency and long-term commercial performance. The Company believes the work completed during the facility's upgrade and restart process has improved operational performance, including updated process conditions and lower-temperature operating parameters, and may help establish a foundation for ongoing production and operational optimization. As part of normal refinery operations, the Company may periodically adjust operating rates or schedule maintenance activities to support safe and reliable performance.
XCF Global Enters Joint Agreement with Continual Renewable Ventures
XCF Global announced that it has entered into a Joint Commercialization and Development Agreement, dated June 30, with Continual Renewable Ventures and New Rise Australia, the project entity for the proposed New Rise ANZ renewable fuels platform. The agreement builds on prior planning and technical alignment between the parties and is intended to move New Rise ANZ from early-stage development toward a more structured commercialization framework. Under the agreement, XCF Global is expected to provide technical, development and project support, including elements of its renewable fuels technology package, project development experience and operational expertise. In exchange, XCF Global may earn up to a 10% equity interest in New Rise Australia, to be issued in two tranches tied to agreed development milestones and a final investment decision, while CRV is expected to maintain majority ownership and control of the project entity. "This agreement represents an important step in extending XCF Global's renewable fuels platform into strategically important international markets," said Chris Cooper, CEO of XCF Global. "We believe New Rise ANZ can create a scalable pathway for SAF and renewable diesel development across Australia and the broader region by combining technical execution with local market leadership. For XCF, this structure is designed to support international growth while maintaining capital discipline and aligning our participation with clear project milestones."
XCF Global's New Rise Renewables Facility Begins Producing Renewable Fuels
XCF Global announced that its New Rise Renewables Reno facility has begun producing renewable fuels, with initial production consisting of renewable diesel as the Company advances standard commissioning and restart sequencing. The facility is operating consistently as systems are brought online and optimized, with throughput expected to increase in a measured manner under real-world operating conditions. As production ramps, XCF expects New Rise Reno to begin contributing revenue from renewable fuel sales, marking an important step in the Company's transition from commissioning to commercial operations.
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