XCF Global Inc. (NASDAQ:SAFX), a scaling U.S.-based producer of renewable diesel and sustainable aviation fuel, today announced August revenue from the sale of renewable diesel of more than $10 million from the shipment of 1.3 million gallons from XCF's New Rise Renewables Reno facility.
August results reflect the first month of completed commercial fuel sales to customers and the corresponding revenue generated by XCF's New Rise Renewable Reno facility from product sales, related incentives and renewable attributes after the successful restart of the facility in July of this year.
"August renewable diesel sales and revenue demonstrate our continued commercial and operational execution as we have successfully restarted production in our New Rise Reno operation," said CEO Chris Cooper.
"Our focus remains on scaling our operations and commercial success, safely, reliably and sustainably producing and selling renewable fuels to our customers and increasing revenue and profitability, month over month, from our New Rise Renewables Reno facility."
The Company believes the August results provide a clear measure of our commercial capability, and our ability to increase daily production and sales from approximately 50,000 gallons per day to over 70,000 gallons per day and ultimately our nameplate capacity of more than 100,000 gallons per day.
SAFX shares shunned five cents, or 12.3%, Friday to 36 cents.
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