Global fuel markets remain under pressure from ongoing geopolitical disruptions impacting crude oil supply and refining capacity. These dynamics have contributed to elevated pricing across both jet fuel and diesel markets, reinforcing the importance of new domestic supply. Industry data indicates jet fuel prices are significantly higher in 2026, while diesel prices have also risen sharply due to tight distillate supply and sustained demand across transportation and industrial sectors.

The New Rise Renewables Reno facility is advancing through final commissioning activities, including system validation, and operational readiness steps required for initial production.

With a permitted nameplate capacity of approximately 38 million gallons per year, the facility is designed to support a multi-product slate of low-carbon fuels, enabling operational flexibility to respond to market conditions and customer demand.