Jet Zero completes funding round and gains final development approval for Project Ulysses
Published:
English editorial record · renofaro
Key points
- Jet Zero Australia announced a funding round, POSCO INTERNATIONAL as a new strategic investor, and final development approval for its proposed Townsville SAF and renewable diesel refinery.
- Proceeds mainly support FEED and progress toward a final investment decision and construction.
- The announcement does not say that FID has been reached or that the refinery is operating.
Summary
Jet Zero Australia announced a funding round, POSCO INTERNATIONAL as a new strategic investor, and final development approval for its proposed Townsville SAF and renewable diesel refinery. Proceeds mainly support FEED and progress toward a final investment decision and construction. The announcement does not say that FID has been reached or that the refinery is operating.
Why it matters
Distinguishes financing and development approvals from an investment decision, construction or fuel production.
Original source title
Jet Zero Australia Raises $30 Million, Welcomes POSCO INTERNATIONAL as a Strategic Investor and Secures Final Development Approval from the Queensland Government
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