XCF Global Inc., a U.S. based sustainable aviation fuel (SAF) producer decarbonizing the aviation industry, on March 23 issued a statement on the ongoing disruption to global aviation fuel markets caused by the Middle East conflict. As jet fuel and SAF prices surge to historic levels, XCF Global is sharing its perspective on what the current crisis reveals about the structural vulnerabilities of petroleum-dependent aviation fuel supply chains and the role domestic SAF can play in addressing them.
According to S&P Global Platts data, SAF prices in California reached an all-time high of 885 cents ($8.85) per gallon in the week ended March 4, 2026, a surge of more than 132 cents ($1.32) per gallon in a single week. Spot jet fuel prices on the US West Coast increased to 125.54 cents ($1.26) per gallon in early March; levels not seen since 2022. The disruption of tanker disruption of tanker traffic through the Strait of Hormuz, through which approximately 20 million barrels per day of crude and refined product normally flow, has driven distillate prices sharply higher across major global hubs.
>> In Other News: Benton Partners With Metals Creek To Acquire 6 Projects With Natural Hydrogen Potential In Newfoundland
XCF SAF utilizes domestic waste-based feedstock. These feedstocks are not impacted by the Middle Eastern crude supply. "Our focus remains on delivering high quality SAF to our partners, maintaining operational continuity, and supporting the aviation sector as markets stabilize. America's aviation sector remains deeply tethered to a global oil market that is inherently unstable. The feedstock, the technology, and the workforce to change that exist right here at home. Domestic waste-based SAF is not a future solution. We believe it can be made available now, that it can be scalable, and that it can be produced entirely from American materials. We believe the current crisis is bringing long-overdue attention to what domestic SAF producers have understood for years; a fuel whose supply chain begins and ends in the United States is a fundamentally different kind of energy security while mitigating climate impact," Chris Cooper, CEO, XCF Global
XCF Global believes that energy security and lowering emissions from aviation are not mutually exclusive. The events of recent weeks have brought that principle into focus for the aviation sector. As the market works through this period of volatility, XCF Global remains committed to expanding its domestic production.
Follow the money flow of climate, technology, and energy investments to uncover new opportunities and jobs.
Inside This Issue 🌿 Inherit Enters Operation With World's First Carbon Removal Project From Biogas in Norway 🏭 First Ammonia Bets on 2026 FID After Topsoe Exit 🧪 Hydrogen Filling With 90 Tonnes at...
Inside This Issue 🌱 Liferaft Announces a 10-Year, 1 Million Carbon Removal Units Offtake Agreement with Microsoft 🏭 ExxonMobil Fires Up Second CCS Hub in Louisiana with NG3 🚢 Powering Global Marit...
Inside This Issue 🍺 AirCapture And Almanac Beer Co. Launch World’s First Commercial Beer Carbonated With Co2 Captured From The Atmosphere With Direct Air Capture 🌱 Boeing Signs Record Carbon Remov...
Climefi Structures The First Publicly Announced Transaction For CRCF Carbon Removal Units
The initiative will see Adyen and Nasdaq receive CRCF-aligned carbon removal units from Beccs Stockholm ClimeFi has structured the first publicly announced transaction for carbon removal units un...
Changhua Begins Commercial Production of CO2 Polyols Based on Econic’s Technology
Econic Technologies, a deep tech company focused on renewable carbon, announced that its partner Changhua Chemical has opened the world’s first commercial-scale production site for polycarbonate et...
Woodside Assumes Control Of Beaumont New Ammonia Operations
Woodside Energy has assumed operational control of the Beaumont New Ammonia (BNA) facility in southeast Texas, following successful completion of performance testing and handover from OCI Global. ...
Supply Agreements Between Topsoe And First Ammonia Not Extended
Topsoe and First Ammonia have worked together since 2022. In 2024, the companies signed supply and service agreements for 100 MW of SOEC electrolyzer modules to be installed in First Ammonia’s gree...
Follow the money flow of climate, technology, and energy investments to uncover new opportunities and jobs.