Jet Zero Australia Secures Document Authorities Funding for Venture Ulysses – Sustainable Aviation Gasoline.
Jet Zero Australia has right now welcomed Commonwealth and Queensland Authorities grant help value $14 million to progress Venture Ulysses, the corporate’s flagship Sustainable Aviation Gasoline (SAF) venture in Townsville.
The collectively introduced authorities funding represents $9 million of funding from the Australian Renewable Power Company (ARENA) as a part of ARENA’s Advancing Renewables Program, and $5 million funding from the Queensland Authorities by means of the Queensland New-Business Improvement Technique (QNIDS) develop native manufacturing capabilities and set up SAF worth chains in Queensland.
Venture Ulysses goals to transform Australia’s agricultural by-products into 102 million litres of SAF and 11 million litres of renewable diesel each year.
The $14 million in Commonwealth and Queensland funding represents the most important authorities funding dedication to advance a SAF venture in Australian historical past.
It follows over $30 million in personal funding made into Jet Zero Australia by traders, together with venture companions Qantas, Airbus and Idemitsu Kosan.
The funding represents the most important authorities funding into the SAF trade in Australia and facilitates completion of Entrance-Finish Engineering and Design (FEED) actions and progresses at-scale industrial deployment of Alcohol-to-Jet (ATJ) SAF know-how.
Ed Mason, Jet Zero Australia CEO, pictured right here with Scott Stewart MP and Les Walker MP, stated the venture is focusing on to start manufacturing by 2027:
Delivering Venture Ulysses will assist seize the financial advantages of a home SAF trade for Australia which is anticipated to be value $10 billion yearly and create as much as 26,200 jobs nationwide by 2030, with regional Australia positioned greater than wherever to learn.
“The grant bulletins right now construct on an early $760,000 grant acquired by Jet Zero from the Division of State Improvement and Infrastructure that supported the Venture’s preliminary feasibility research. The Venture can even contribute to home power safety by bolstering home jet gasoline manufacturing for civilian and doubtlessly navy plane in an necessary metropolis like Townsville.”
Chris Bowen, Minister for Local weather Change and Power, stated:
The Albanese Authorities is supporting the airline trade to develop into extra sustainable and drastically cut back emissions.
“This authorities dedicated $30 million for ARENA to spend money on initiatives looking for to develop home sustainable aviation gasoline manufacturing. It’s nice to see that funding beginning to pay dividends.
“Townsville brings collectively excellent renewable power assets together with its port and its individuals. This brings our funding in renewable hydrogen and gasoline initiatives in Townsville to effectively over $100 million.”
Scott Stewart, Sources and Vital Minerals Minister and Member for Townsville, stated:
There’s nice potential in creating jobs by means of initiatives like this which is why we’re working with the Commonwealth Authorities to again Townsville’s future.
“We all know how necessary it’s for town to leverage off its present robust industries, however we need to guarantee there are new sustainable jobs for the longer term which is what this venture will do.”
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Jet Zero Australia Secures Document Authorities Funding for Venture Ulysses – Sustainable Aviation Gasoline. supply
