Southern Energy Renewables expands XCF’s technology and feedstock capabilities; combined company previously projected approximately $1.8 billion in revenue by 2030
HOUSTON, TX / ACCESS Newswire / October 21, 2026 / XCF Global Inc. (“XCF” or the “Company”) (Nasdaq:SAFX) today highlighted the addition of Southern Energy Renewables’ technology and feedstock capabilities to its renewable fuels platform. Southern’s work has focused on improving the cost, performance and supply reliability of renewable fuels and chemicals, including biomass-conversion pathways and potential higher-value co-products.
Competing on Economics
Southern’s long-term objective is to improve price, performance and supply reliability while working toward fossil-fuel price parity. The commercial benchmark is whether renewable fuels and chemicals can compete with conventional alternatives on underlying economics and win customer demand without requiring a permanent subsidy.
Expanding Feedstock and Technology Options
Southern’s strategy expands beyond conventional inputs by using regional waste and biomass feedstocks, including agricultural and forest residues. Its planned gasification pathway is intended to convert those materials into renewable methanol, and methanol-to-jet conversion into sustainable aviation fuel and other renewable products. These capabilities broaden XCF’s technology and product options as market needs evolve.
“Southern adds technology and feedstock capabilities that broaden what XCF can pursue across renewable fuels and related products,” said Chris Cooper, Chief Executive Officer of XCF Global. “Our focus is on applying those capabilities with commercial discipline to pursue cost-effective, reliable solutions for customers, improve underlying economics over time and strengthen our ability to compete in U.S. and global markets.”
Strengthening U.S. Energy Competitiveness
Southern’s strategy uses U.S. waste and biomass feedstocks to support additional domestic fuel production, strengthening U.S. energy resilience and fuel-supply security. In connection with the previously announced merger, the combined company projected approximately $1.8 billion in revenue by 2030.
Together, Southern’s capabilities expand XCF’s options to pursue renewable fuels and products that meet customer needs, strengthen the Company’s platform and create long-term value for shareholders, while providing potential pathways into additional fuel types and end markets, including aviation, maritime, defense and space applications.
About XCF Global, Inc.
XCF Global, Inc. (“XCF”) is a U.S.-based producer of renewable diesel and sustainable aviation fuel (“SAF”) focused on decarbonizing transportation while supporting domestic fuel supply and energy security. The Company’s flagship facility, New Rise Renewables Reno, has a permitted nameplate production capacity of up to 38 million gallons per year. XCF intends to advance a pipeline of potential expansion opportunities in Nevada, North Carolina and Florida and to build relationships across the energy and transportation sectors that it believes could support the scaling of renewable fuels production. Any such opportunities remain subject to, among other factors, feasibility assessments, financing, regulatory approvals and market conditions. XCF is listed on the Nasdaq Capital Market and trades under the symbol SAFX.
Contacts
XCF Global: Corporate Communications
media@xcf.global
Cautionary Note Regarding Forward-Looking Statements
This Press Release includes “forward-looking statements” within the meaning of the “safe harbor” provisions of the United States Private Securities Litigation Reform Act of 1995. In some cases, you can identify forward-looking statements by terminology such as “may”, “should”, “expect”, “intend”, “will”, “estimate”, “anticipate”, “believe”, “predict”, “potential” or “continue”, or the negatives of these terms or variations of them or similar terminology. These forward-looking statements, including, without limitation, statements regarding XCF Global’s expectations with respect to future performance and anticipated financial impacts of the recently completed business combination with Focus Impact BH3 Acquisition Company (the “Business Combination”), estimates and forecasts of other financial and performance metrics, and projections of market opportunity and market share, are subject to risks and uncertainties, which could cause actual results to differ materially from those expressed or implied by such forward-looking statements. These forward-looking statements are based upon estimates and assumptions that, while considered reasonable by XCF Global and its management, are inherently uncertain and subject to material change. These forward-looking statements are provided for illustrative purposes only and are not intended to serve as and must not be relied on by any investor as, a guarantee, an assurance, a prediction or a definitive statement of fact or probability. New risks and uncertainties may emerge from time to time, and it is not possible to predict all risks and uncertainties. Factors that may cause actual results to differ materially from current expectations include, but are not limited to: (1) changes in domestic and foreign business, market, financial, political, and legal conditions; (2) unexpected increases in XCF Global’s expenses, including manufacturing and operating expenses and interest expenses, as a result of potential inflationary pressures, changes in interest rates and other factors; (3) the occurrence of any event, change or other circumstances that could give rise to the termination of negotiations and any agreements with regard to XCF Global’s offtake arrangements; (4) the outcome of any legal proceedings that may be instituted against the parties to the Business Combination or others; (5) XCF Global’s ability to regain compliance with Nasdaq’s continued listing standards and thereafter continue to meet Nasdaq’s continued listing standards; (6) XCF Global’s ability to integrate the operations of New Rise and implement its business plan on its anticipated timeline; (7) XCF Global’s ability to raise financing to fund its operations and business plan and the terms of any such financing; (8) the New Rise Reno production facility’s ability to produce the anticipated quantities of SAF without interruption or material changes to the SAF production process; (9) the New Rise Reno production facility’s ability to continue producing renewable diesel in commercial quantities without interruption as the Company advances its planned transition toward SAF production; (10) XCF Global’s ability to resolve current disputes between its New Rise subsidiary and its landlord with respect to the ground lease for the New Rise Reno facility; (11) XCF Global’s ability to resolve current disputes between its New Rise subsidiary and its primary lender with respect to loans outstanding that were used in the development of the New Rise Reno facility; (12) payment of fees, expenses and other costs related to the completion of the Business Combination and the New Rise acquisitions; (13) the risk of disruption to the current plans and operations of XCF Global as a result of the consummation of the Business Combination; (14) XCF Global’s ability to recognize the anticipated benefits of the Business Combination and the New Rise acquisitions, which may be affected by, among other things, competition, the ability of XCF Global to grow and manage growth profita
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