XCF Global Partners with DevvStream to Monetize SAF Tax Credits

Shares edge lower as Reno plant eyes 38M gallon production capacity

Apr. 17, 2026 at 1:22pm

Got story updates? Submit your updates here. ›

A close-up, cinematic photograph of intricate, heavy industrial equipment used in the manufacture of sustainable aviation fuel, conveying the scale and complexity of the physical infrastructure required for this critical industry.The heavy, industrial machinery at the heart of XCF Global's sustainable aviation fuel production facility in Reno, Nevada.Reno Today

XCF Global, Inc. (NASDAQ:SAFX), a sustainable aviation fuel (SAF) company, has partnered with DevvStream to create a vertically integrated model linking SAF output with credit monetization. The deal aims to bundle tax credits with carbon credits to create structured environmental assets for corporate buyers. XCF's Reno facility has a production capacity of 38 million gallons annually, but the company's stock is trading significantly below its 52-week high, reflecting long-term challenges.

Why it matters

The partnership between XCF Global and DevvStream is an attempt to create a more sustainable and profitable model for the production and sale of sustainable aviation fuel. By monetizing tax credits and bundling them with carbon credits, the companies hope to attract more corporate buyers and drive growth in the SAF market, which is crucial for reducing the aviation industry's environmental impact.

The details

Under the initiative, XCF Global and Southern Energy Renewables Inc. plan to create a vertically integrated model that links SAF output with the monetization of 45Z tax credits. The deal also includes plans to bundle tax credits with carbon credits to create structured environmental assets for corporate buyers. The Reno facility has a production capacity of 38 million gallons annually, but the company's stock is trading significantly below its 52-week high of $45.90, reflecting long-term challenges.

  • XCF Global and DevvStream announced the partnership on April 17, 2026.
  • The Reno facility has a current production capacity of 38 million gallons annually.

The players

XCF Global, Inc.

A sustainable aviation fuel (SAF) company that is publicly traded on the NASDAQ under the ticker symbol SAFX.

DevvStream

A company that partners with organizations to monetize environmental credits and assets.

Southern Energy Renewables Inc.

A company that is collaborating with XCF Global on the vertically integrated SAF production and credit monetization model.

Got photos? Submit your photos here. ›

What’s next

The deal between XCF Global and DevvStream remains subject to regulatory and shareholder approvals before it can be fully implemented.

The takeaway

The XCF Global and DevvStream partnership highlights the challenges and opportunities in the sustainable aviation fuel market. By monetizing tax credits and bundling them with carbon credits, the companies aim to create a more attractive offering for corporate buyers and drive growth in this critical industry.