XCF Global Taps Bank of America to Finance Major Sustainable Aviation Fuel Expansion
New York, Monday, 12 January 2026.
XCF Global engaged Bank of America to structure financing for its Reno facility, targeting a sustainable aviation fuel market projected to reach $250 billion by 2050.
Strategic Financial Engagement
On January 12, 2026, XCF Global (Nasdaq: SAFX) officially initiated a strategic effort to secure capital for its production capabilities, engaging Bank of America to assist in structuring potential debt financing [1][2]. The primary objective of this engagement is to support the construction and development of the New Rise Reno 2 facility, a key component of the company’s sustainable aviation fuel (SAF) expansion strategy [3]. According to the announcement, the debt financing under consideration may qualify for export credit agency programs, potentially opening avenues for government-backed financial support [3]. XCF Global’s CEO, Chris Cooper, emphasized the necessity of these steps, noting that meeting future decarbonization targets requires “thoughtful, strategic investments today” [1].
Market Trajectory and Demand
This financing push aligns with aggressive growth projections for the renewable fuel sector. Market forecasts cited by the company indicate that the global SAF market could exceed $25 billion by 2030, driven by demand surpassing 5.5 billion gallons [3]. Looking further ahead, assuming decarbonization targets are met, the sector is projected to potentially reach a valuation of $250 billion by 2050 [1][2]. These macroeconomic trends underscore the urgency for producers like XCF Global to scale operations rapidly to capture market share in a burgeoning industry [1].
Operational Footprint and Expansion
The company currently operates the New Rise Reno facility, which holds a permitted nameplate production capacity of 38 million gallons (approximately 144.5 million liters) per year [1][3]. The financing initiative specifically targets the next phase of growth: the construction of New Rise Reno 2, which is intended to significantly expand the company’s SAF and renewable fuel production platform [1][2]. In addition to the Nevada operations, XCF Global is actively working to advance expansion opportunities in Florida and North Carolina, signaling a broader geographic diversification strategy [3].
Financial Performance and Risk Factors
Despite the forward-looking expansion plans, XCF Global faces immediate financial and operational hurdles. As of the last market close, shares of XCF Global (SAFX) were trading at $0.1678, representing a decline of roughly 5.89% and positioning the stock near its 52-week low of $0.1533 [2]. The company has also disclosed specific risks that could impact its growth trajectory, including potential inflationary pressures on manufacturing and interest expenses, as well as ongoing disputes with the landlord and primary lender regarding the New Rise Reno facility [1]. Furthermore, the company cautioned that there is no assurance the potential financing with Bank of America will be completed or what the final terms might entail [3].