Startup profile · funding coverage
Jet Zero Australia funding, valuation and investors
Alcohol-to-Jet SAF and renewable diesel developer building Project Ulysses in Townsville, Queensland.
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Funding, valuation & investors
Answer-first snapshotLatest funding
Series C
$21.6M (~A$30M) · September 2026
Latest known valuation
~A$500M / ~$360M (media-reported)
Series C · September 2026
Total disclosed equity funding
Not publicly disclosed
Excludes debt, grants, acquisitions, secondaries, and IPO proceeds.
Current status
private
growth · Townsville, Australia
Investors in latest funding
Other: Qantas , Airbus , POSCO International
Overview
Townsville-based Jet Zero Australia develops Project Ulysses, an Alcohol-to-Jet (LanzaJet) sustainable aviation fuel and renewable diesel refinery planned for Cleveland Bay Industrial Park. Aviacionline and company coverage reported an A$30 million (~US$21.6 million) Series C on September 7, 2026 backed by Qantas and Airbus, with POSCO International joining as a new strategic investor; total capital exceeds A$80 million. Queensland final development approval and FEED completion were announced alongside the raise; FID and construction remain ahead, with production targeted around 2028–2029.
Why Jet Zero Australia is interesting
September 7, 2026 A$30M (~$21.6M) Series C with Qantas and Airbus returning and POSCO International joining — strategic offtake/supply partners financing FEED toward FID on a planned ~113M liter/year SAF plant, not a pure VC growth SaaS cheque.
Product & use cases
Domestic Alcohol-to-Jet SAF and renewable diesel production from agricultural bioethanol for Australian aviation and regional fuel security.
- Airline SAF offtake toward Qantas-style 10%-by-2030 targets
- Aircraft OEM supply-chain decarbonization partnerships
- Industrial offtake / feedstock partnership with Asian energy majors
Key facts
- A$30M (~$21.6M) Series C; Qantas + Airbus + POSCO International (Sep 7, 2026)
- Total capital >A$80M (~$57.6M); media-reported valuation band ~A$500M (~$360M) — not company-disclosed
- Project Ulysses: up to ~113M L/year SAF + renewable diesel; Queensland final development approval; FID still pending
Funding history (newest first)
Series C
2026-09 $21.6M (~A$30M) Valuation: ~A$500M / ~$360M (media-reported)- Qantas (participant)
- Airbus (participant)
- POSCO International (participant)
Industries
Related funding articles
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