XCF Global Capital Inc., the owner of a 38 MMgy sustainable aviation fuel (SAF) plant located near Reno, Nevada, on June 6 announced the successful completion of its business combination with Focus Impact BH3 Acquisition Co., a special purpose acquisition company.&nbsp;The combined company is operating under the name XCF Global Inc., and its Class A common stock was set to begin trading on the Nasdaq Capital Market on June 9.&nbsp;XCF Global’s New Rise Reno facility <a href="https://biomassmagazine.com/articles/new-rise-renewables-commences-saf-production">commenced production</a> of neat SAF in February. The first customer deliveries of neat SAF were completed in March. According to XCF Global, the company is currently working to develop a pipeline of SAF production projects planned for development in Nevada, North Carolina and Florida.&nbsp;"The completion of this transaction marks a transformational step for XCF Global and the decarbonization of the aviation industry," said Mihir Dange, CEO of XCF Global. "With commercial production underway, first deliveries completed, and a proven business model in place, we are entering the public markets with momentum and a clear path to growth. XCF Global is positioned as a market leader at the intersection of aviation and decarbonization - standing at the forefront of a high-growth opportunity in synthetic aviation fuel. We offer the public capital markets access to one of the fastest-growing sectors in the global energy transition, and we are proud to be leading the shift toward a lower-carbon future for aviation.""We are thrilled to have completed the Business Combination with XCF Global and bring this transformative SAF platform to the public markets," said Carl Stanton, CEO of Focus Impact BH3. "With strong macro tailwinds, a repeatable site development model, and a world-class management team, XCF Global is uniquely positioned to scale SAF production and drive meaningful impact in the energy transition while creating long-term value for shareholders."The New Rise Reno facility initially produced renewable diesel but was later converted to SAF production.&nbsp;New Rise Renewables in April 2024 announced that work was underway to convert its existing renewable diesel plant located near Reno to SAF production. The 3,200 barrel per day (49.06 MMgy) renewable diesel plant originally began operations in mid-2022.&nbsp;Development of the facility was supported by loan guarantee awarded through the USDA’s 9003, Biorefinery, Renewable Chemical and Biodiesel Production Manufacturing Assistance Program, according to Greater Commercial Lending, which helped assemble the loan package that made the project possible. According to a 2017 USDA&nbsp;<a href="https://www.rd.usda.gov/files/RD-StakeholderDec19-2017.pdf">announcement</a>, the facility at that time was being developed under the name Ryze Renewables Reno LLC. &nbsp;The plant was the subject of at least two acquisition agreements that were eventually cancelled before XCF completed the acquisition of the facility earlier this year.&nbsp;

2025-06-16 - XCF Global, Focus Impact BH3 announce closing of business combination (3 publications)

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XCF Global Capital Inc., the owner of a 38 MMgy SAF plant located near Reno, Nevada, on June 6 announced the successful completion of its business combination with Focus Impact BH3 Acquisition Co., a special purpose acquisition company. 

XCF Global, Focus Impact BH3 announce closing of business combination

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