Jet Zero Secures $30m Funding

POSCO joins Qantas, Airbus in bumper Jet Zero capital raising

The spike in oil prices amid six months of conflict in the Middle East has made the Townsville-based start-up’s clean aviation fuel hopes more attractive.

Jet Zero secures $30m funding

Image: bulentcamci/stock.adobe.comJet Zero Australia has raised $30 million, welcomed POSCO INTERNATIONAL as a strategic investor and secured final development approval for its Project Ulysses sustainable aviation fuel facility in Queensland. The funding round, managed by Barrenjoey, attracted institutional investor support from companies including Qantas and Airbus. The proceeds will primarily fund completion of Front-End Engineering Design […]…

Jet Zero advances SAF manufacturing project with $30M funding

Jet Zero Australia has raised $30 million and secured final development approval for its proposed Sustainable Aviation Fuel (SAF) and Renewable Diesel (RD) refinery in Townsville, Queensland, marking further progress towards construction of the project.

Airbus, Qantas Back $30 Million Financing for SAF Developer Jet Zero

Sustainable aviation fuel (SAF) and renewable diesel (RD) project developer Jet Zero Australia announced today that it has raised $30 million in a new funding round, with proceeds from the financing aimed at advancing the company’s Project Ulysses, a commercial-scale SAF and RD refinery in Townsville, Australia. Founded in 2021 North Queensland by Ed Mason, […]

Jet Zero powers ahead with POSCO joining backers - Industry Queensland

POSCO International is the latest investor to throw its weight behind Townsville aviation biofuels refinery proponent Jet Zero Australia as the company notches up final development approval for the project. Jet Zero is also celebrating the completion of a $30 million funding round, managed by Barrenjoey, and supported by investors including Qantas and Airbus. The proceeds will support completion of front-end engineering design (FEED) for Project…