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United Airlines invests in Next Renewable Fuels

November 15, 2022

BY United Airlines

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XCF Global announces agreement to acquire Paramount, California renewable fuel production facility

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By XCF Global Inc.

2 hours ago

Sustainable Aviation Fuels Business Advanced Biofuels 

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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Moeve and Emerita Resources have signed the first agreement in Spain to deploy 100% renewable diesel (HVO) on an industrial scale within the mining sector. The fuel can reduce CO2 emissions by up to 90% when compared to traditional diesel.

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The U.S. Energy Information Administration reduced its forecast for 2026 renewable diesel production in its latest Short-Term Energy Outlook, released Oct. 8. The production forecast for “other biofuel,” including sustainable aviation fuel (SAF), was maintained.

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