Qantas, Airbus and the Queensland government will contribute to a $6 million feasibility study to explore the creation of a $400 million ethanol-based sustainable aviation fuel factory in North Queensland.
With industries worldwide looking to cut their carbon emissions, airlines want to use more environmentally friendly options to help reduce their carbon footprint.
Qantas and Airbus will jointly invest $2 million into the feasibility study of a biofuel production plant in the state’s north that will use ethanol and turn it into sustainable aviation fuel (known as SAF).
The two airline industry leaders have committed to invest as much as $300 million to accelerate the establishment of the SAF industry in Australia.
