Jet Zero Australia lands new $19.2M investment

In Australia, Jet Zero Australia has achieved a significant milestone by successfully receiving funding commitments of A$29 million. This is a crucial step towards advancing the engineering activities of Jet Zero Australia’s flagship Alcohol-to-Jet (ATJ) Sustainable Aviation Fuel (SAF) project, Project Ulysses, in North Queensland, Australia.

Funding will also support advancement of other renewable fuel opportunities in the region, many of which will leverage and support Queensland’s globally competitive agricultural sector.

The placement, managed by Barrenjoey, has been strongly supported by Jet Zero Australia’s foundational investors, including Qantas and Airbus who are committed to accelerating the establishment of a SAF industry in Australia.