Zero Australia lands $21.6M funding round to proceed with FEED and FID
In Australia, Zero Australia (Jet Zero) has completed an A$30 million funding round, managed by Barrenjoey, which received strong institutional investor support, including investment from Qantas and Airbus. The proceeds will primarily fund completion of Front-End Engineering Design (FEED) and the Project’s continued progression towards Final Investment Decision (FID) and construction.
POSCO INTERNATIONAL has become Jet Zero’s latest strategic investor. The partnership will explore opportunities across fuel offtake, infrastructure and feedstock, subject to further agreement. The investment represents POSCO INTERNATIONAL’s first globally in a SAF and Renewable Diesel developer, reinforcing growing international interest in Queensland’s emerging low carbon liquid fuel industry alongside existing investor Idemitsu Kosan.
Project Ulysses has also received its final Development Permit Decision Notice from the Queensland Office of the Coordinator-General, completing its principal development approvals. These include its Environmental Authority, EPBC Act determination of “not a controlled action” and Cultural Heritage Management Agreement with the Bindal People.
Category: Fuels
