xF Technologies Inc.

About xF Technologies Inc.

xF Technologies Inc., founded in 2007 and based in Albuquerque, New Mexico, develops and licenses a patented chemical process to produce advanced biofuels and specialty chemicals from renewable biomass. The company's business model is centered on licensing its intellectual property to independent producers and supporting them with regulatory approvals and market development. This approach targets partners such as ethanol producers, chemical companies, and petrochemical refiners.

The company's core technology converts cellulosic or traditional biomass and an alcohol into furoate esters, a family of molecules branded as '408'. This process is feedstock-agnostic and involves a two-step thermochemical reaction that recycles processing chemicals. The resulting furoate esters, such as Methyl 408 and Ethyl 408, are designed as oxygenating blend components for gasoline, diesel, and heating oil. These additives are energy-dense, non-toxic, and compatible with existing fuel infrastructure, allowing for blend rates of over 10% in diesel and 20% in gasoline. A key benefit is the reduction of particulate emissions by approximately 50% in diesel engines. The products are engineered to meet the criteria for the EPA's Renewable Fuel Standard (RFS-2), making them eligible for generating Renewable Identification Numbers (RINs), which are credits used for compliance in the fuels market.

The company was founded by Aviad Cahana, who currently serves as CEO, and Peter Mikochik, both of whom are listed as inventors on the company's patents. Cahana has a background as a senior environmental engineer and bio-remediation specialist for major oil companies. Len Rand, a seasoned venture capitalist and startup founder, is the Executive Chairman. xF Technologies has received a total of $17.5M in funding from investors including Gerbera Capital, Sun Mountain Capital, Cottonwood Technology Fund, and Cantor Fitzgerald Asset Management.