In Australia, Australian Aviation reported that the Australian government is pumping $725 million over 10 years into the development of low-carbon liquid fuels, including sustainable aviation fuel.
The new ten-year Cleaner Fuels Program aims to stimulate investment from the private sector into on-shore production of fuels like SAF, with the first production of “drop-in” cleaner fuels that can serve as direct substitutes in current engines estimated by 2029, according to the report.
“As demand for air travel grows, and more goods are moved by road and rail, it’s essential we invest in future fuels that allow us to facilitate this increasing demand while meeting our net-zero targets,” said Acting Transport and Infrastructure Minister Murray Watt.
The aviation industry has welcomed the announcement, with companies such as Jet Zero Australia, Airbus, and Qantas all offering their support.
“As a company focused on bringing the regions to the runway with SAF, we are extremely excited about this new funding support and what it means for our most advanced project, Project Ulysses,” said Jet Zero CEO Ed Mason.
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