LanzaJet and Jet Zero Australia sign deal to advance new SAF plant
The agreement will progress the development of Project Ulysses - a North Queensland sustainable aviation fuel (SAF) project using LanzaJet’s Alcohol-to-Jet (AtJ) technology that converts the bioethanol into SAF and renewable diesel.
The project is the first LanzaJet ethanol to SAF plant in the country and will help position Australia as a leader in sustainable aviation.
Project Ulysses is poised to revolutionise the aviation industry by converting agricultural by-products sourced from sustainable origins into 102 million litres of SAF annually.
The SAF from the plant will assist the Australian Government’s commitment to achieving its emissions reduction target of 43% of 2005 CO¬2 levels by 2030 and net-zero emissions by 2050.
Project Ulysses contributes to Australia's energy security by bolstering domestic jet fuel production for civilian and potentially military aircraft.
At the forefront of this transformative endeavour is LanzaJet, a pioneering sustainable fuels technology company committed to accelerating the energy transition through the circular economy.
Queensland Premier Steven Miles said: "North Queensland is in a unique position to provide feedstock for this project, while also being close to the industry partners that are already investing in our state.
“Queensland's renewable energy advantage means we can protect and grow regional jobs in high tech sectors like sustainable jet fuel."
Ed Mason, Jet Zero CEO, commented: “We are extremely excited to have executed these two key agreements with LanzaJet. Not only do they allow the project to move forward to Final Investment Decision, but more importantly they cement a long-standing relationship with a key partner to the project.”
Jimmy Samartzis, CEO of LanzaJet, said “Doing leading edge work requires partnership, and we're proud to join Jet Zero Australia, the Queensland Government, Airbus, and Qantas to position Australia as a leader in the region on Sustainable Aviation Fuels with direct impact in significantly reducing greenhouse gas emissions, enabling job creation, and preserving Australia's environment for generations to come.”
Stephen Forshaw, Airbus Chief Representative, Australia, New Zealand and the Pacific, added: "Australia lacks production of Sustainable Aviation Fuel. The challenge to start production is urgent. If we don’t move soon, the opportunity to build a new fuels industry locally will disappear. However, we think Australia has every chance of becoming a sustainable fuels superpower, with the right support from government and industry.
“This is why we’re so supportive of Jet Zero’s mission to become Australia’s first home-grown producer of SAF, and equally supportive of their partnership with LanzaJet, that will enable production here."