SYDNEY, March 12 (Reuters) – Biofuel refiner Jet Zero Australia said on Tuesday it had received new funding commitments of A$29 million ($19.2 million) from Idemitsu (5019.T), Qantas (QAN.AX) and Airbus (AIR.PA) for its flagship Sustainable Aviation Fuel (SAF) project.

It marks the first investment by Japanese oil refiner Idemitsu Kosan in a SAF project outside Japan, and was supported by Jet Zero Australia’s foundational investors, including Qantas and Airbus, Jet Zero said in a statement.

Read more here: https://www.reuters.com/sustainability/idemitsu-qantas-airbus-back-australia-biofuel-refiner-with-192-mln-2024-03-11/