XCF Global, Inc.(NASDAQ:SAFX) shares barely moved Friday. The company, an emerging U.S.-based producer of renewable diesel and sustainable aviation fuel, today provided an operational update on renewable diesel production, initial fuel sales and ongoing optimization work at its New Rise Renewables Reno facility.
Since restarting operations following its planned upgrade program, New Rise Renewables Reno has produced renewable diesel, completed initial fuel sales and advanced operational optimization efforts that the Company believes are designed to support reliability, efficiency and long-term commercial performance.
The Company believes the work completed during the facility's upgrade and restart process has improved operational performance, including updated process conditions and lower-temperature operating parameters, and may help establish a foundation for ongoing production and operational optimization.
As part of normal refinery operations, the Company may periodically adjust operating rates or schedule maintenance activities to support safe and reliable performance.
"Restarting a renewable fuels facility is only the beginning," said CEO Chris Cooper.
"Our focus now is operating safely, improving reliability and executing with discipline as production and commercial activity advance. We are encouraged by the progress being made by our team and remain focused on building a scalable platform for renewable fuel production."
SAFX shares were little changed to 37 cents.
