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Senate committee hearing focuses on GAO's RFS reports

December 6, 2016

BY Erin Krueger

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XCF outlines plans to scale, integrate operations

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By Erin Krueger

11 minutes ago

Business Sustainable Aviation Fuels Advanced Biofuels Operations 

XCF Global in October released a series of announcements outlining its strategy to scale and integrate operations following its business combination with Southern Energy Renewables and DevvStream, along with the acquisition of a California facility.

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Valero Energy Corp. on Oct. 22 released third-quarter financial results, reporting record-high ethanol production volumes and a profitable three-month period for both its ethanol segment and its renewable diesel joint venture.

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XCF Global Inc. on Oct. 20 announced that it has entered into a definitive agreement to acquire a renewable fuel production facility in Paramount, California through a newly formed subsidiary of XCF, New Rise Renewables Paramount LLC.

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XCF Global Inc. on Oct.13 announced September gross product sales of more than $12 million, driven by increasing production and expanding commercial contracts and shipments of 1.4 million gallons from the New Rise Renewables Reno facility.

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The U.S. Department of Energy on Oct. 14 released guidance that will help clean fuel producers claim the 45Z clean fuel production credit for fuels, feedstocks and pathways not included in the agency’s current 45Z rate table.

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