XCF Global, Inc. (Nasdaq: SAFX) plans to invest nearly $1 billion by 2028 to expand its Synthetic Aviation Fuel (SAF) production capacity. The company has already invested around $350 million to bring its New Rise Reno facility online, which has created approximately 60 full-time jobs.

With more than two billion people living in countries with SAF mandates or incentives – a number expected to double by 2030 – XCF is scaling up production in the U.S. and internationally. It has acquired three new U.S. sites expected to add around 120 million gallons of capacity, bringing total annual production to about 160 million gallons by 2028. These new facilities will use XCF’s modular, patent-pending design to produce SAF and renewable diesel efficiently.

Internationally, XCF is partnering with Continual Renewable Ventures to launch New Rise Australia, applying its proven technology to accelerate SAF deployment there. This growth supports U.S. energy independence, job creation, and decarbonisation of the aviation sector.