Australian sustainable aviation fuel industry receives massive boost with major investment

The Australian sustainable aviation fuel (SAF) industry has received a massive boost with a major joint investment. A Queensland biofuel refinery being jointly developed by Jet Zero Australia and LanzaJet is to receive investment from Qantas Group, Airbus, and the Queensland Government.

The refinery is looking to produce SAF from agricultural by-products, including sugar cane. The Qantas Group and Airbus will jointly invest AU$2 million of an initial AUS$6 million capital raising, with the Queensland Government contributing AU$760,000, while other Australian and international institutional funds will be providing further funding. The money will be used to conduct a detailed feasibility study and early-stage project development. The proposed facility will utilise LanzaJet