XCF Global Plans June 2026 Restart of Reno SAF Facility Amid Financial Challenges

XCF Global Inc. has scheduled a restart of its New Rise Reno sustainable aviation fuel facility for June 2026, following an upgrade program to enhance operational stability and equipment readiness. The facility, which commenced operations in February 2025, holds a permitted capacity of 38 million gallons annually and has produced over 2.5 million gallons of renewable fuels.

The company is under financial strain, reflected in its market capitalization of $147.56 million and a debt-to-equity ratio of 6.78, indicating liquidity pressures. Additionally, XCF has engaged Alvarez & Marsal for oversight during the upgrade process and appointed Chris Cooper as a strengthening leadership measure.

Recent agreements include a business combination with Southern Energy Renewables and a term sheet with BGN INT US LLC for a renewable fuel tolling framework. The projected gross product sales for 2027 are between $775 million and $825 million, contrasting with a recent revenue of $20.82 million and negative EBITDA of $18.98 million. The renewed focus on operational and financial restructuring is critical for navigating the current market challenges.