The Australian company hoping to become the country’s first major producer of sustainable aviation fuel, has attracted almost $30m in funding.
Jet Zero Australia plans to establish a production plant in Townsville using alcohol-to-jet technology pioneered in the US.
In a major boost, the company has signed one of Japan’s largest energy conglomerates, Idemitsu Kosan, as a strategic shareholder.
It will be Idemitsu’s first investment in a SAF project outside Japan, and representative Masahiko Sawa said it would help strengthen the global SAF supply chain.
