08:18 AM EDT, 07/10/2025 (MT Newswires) -- XCF Global ( SAFX ) said Thursday it plans to invest nearly $1 billion over the next three years to develop a network of synthetic aviation fuel production facilities.

In the US, the company said it has acquired three additional production sites that are ready for development, with each facility expected to have nameplate production capacity of 40 million gallons.

Along with the $350 million New Rise Reno facility in Nevada, the facilities are anticipated to provide total production capacity of about 160 million gallons per year by the end of 2028.

The company said it is also executing an international growth strategy, including the recent signing of a memorandum of understanding with Continual Renewable Ventures to launch New Rise Australia, a new synthetic aviation fuel and renewable diesel production facility in Australia.

Shares of XCF Global ( SAFX ) rose more than 60% in recent premarket activity Thursday.

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