We are thrilled to announce our recent follow-on investment of $4m in Jet Zero, a pioneering venture dedicated to revolutionising sustainable aviation.  As early lead equity investors of Jet Zero, we have continued our involvement, alongside Qantas and Airbus, taking our position in the company to a c.$13Mil current asset value.

What makes Jet Zero a great investment? 

This investment into Jet Zero aligns with our mission to support companies that contribute to a more sustainable and environmentally responsible future. Jet Zero's commitment to driving down carbon emissions in the aviation sector also directly complements our focus on transformative solutions for the people and planet.

Australia is the second biggest emitter of carbon per capita on domestic air travel, so the opportunity stemming from an Australian company is poised for significant growth. With over half of Australia’s leading companies now committed to net zero targets, there has never been a more poignant time for this opportunity to take flight!

On track to become a global market leader, Jet Zero is:

1. Developing and rolling out a cutting-edge technology: Their proprietary technologies are designed to significantly reduce or eliminate carbon emissions associated with aviation. Partnered with LanzaJet, a SAF technology provider and a sustainable fuels provider with its global headquarters in the US and main facility just twenty minutes from Chicago O'Hare International Airport (ORD), Jet Zero's roll out is set to take off - rapidly!

2. Stimulating localisation: Queensland is known as Australia's Sunshine State and is one of the world's major sugar cane producers, with sugar cane being one of the main agricultural by-products turned into sustainable aviation fuel (SAF).

3. Generating on-shore job creation: Now scaling their operations across multiple locations in Australia, Jet Zero is also intent on generating employment by building plants in regional communities creating employment opportunities, as well as providing Australia with fuel security.

4. Set to capitalise on global market potential: With increasing global awareness of climate change and the environmental impact of air travel, there is a growing demand for sustainable aviation solutions.  Idemitsu, one of the largest investors alongside Dragonfly, already has plans to produce about 500 million litres of the fuel in Japan to hit the government’s goal of replacing 10 per cent of the country’s jet fuel consumption by 2030. Jet Zero is strategically positioned to capitalise on this market demand and establish itself as a key player in the global industry.

Their team is positively impacting the world: 

Leading the team is Founder and CEO, Edward Mason, who has considerable experience in financing renewable energy businesses across the globe, as well as twenty-five years in senior leadership roles at Bank of America, HSBC, Renaissance Capital and Royal Bank of Canada. Ed is now focused on helping Australia to meet domestic SAF demand, and expanding Jet Zero globally.

The Jet Zero team is further composed of experts with extensive experience in environmental science, project management, engineering and sustainable business practices.

In a recent interview with us, Ed shared that "this partnership with Dragonfly allows us to expand our reach, accelerate our research and development efforts to eliminate carbon emissions from air travel, and ultimately bring sustainable aviation fuel solutions to the forefront of the industry”.

Our Commitment: 

Dragonfly remains committed to staying actively engaged with Jet Zero, providing support and guidance to ensure their continued success.

We are optimistic about the long-term prospects of Jet Zero and believe that our investment will not only produce financial returns but is also well-positioned to play a crucial role in achieving a carbon-neutral future for air travel.

To learn more about our exciting impact investment opportunities, drop us a line via our contact page.

Recent Jet Zero Media Coverage:

The Australian:

"$30m leg up for greener air travel ambitions as Japanese giant invests in Jet Zero Australia"
Read full article here: https://www.theaustralian.com.au/business/aviation/30m-leg-up-for-greener-air-travel-ambitions-as-japanese-giant-invests-in-jet-zero-australia/

Forbes:
"If we don’t act,  we will be importing the fuel instead in years to come from countries that are acting on the opportunity,” - Ed Mason, Jet Zero Founder and CEO
Read full interview here: https://www.forbes.com.au/news/innovation/sustainable-aviation-vision-takes-flight-as-jet-zero-strikes-new-fuel-deal/

Dragonfly News:
“We are extremely excited to continue being a part of Jet Zero's journey and believe it will be one of the most revolutionary and high value companies coming out of Australia this decade” - Adam Tucker, CEO at Dragonfly.
Read more about our $4m investment here: https://www.dragonflyenvirocapital.com/investment-note-jet-zero

Reuteurs:
Biofuel refiner Jet Zero Australia said on Tuesday it had received new funding commitments of A$29 million ($19.2 million) from Idemitsu, Qantas and Airbus for its flagship Sustainable Aviation Fuel (SAF) project.
Read full article here: https://www.reuters.com/sustainability/idemitsu-qantas-airbus-back-australia-biofuel-refiner-with-192-mln-2024-03-11/

Simple Flying:
"Qantas will be the largest single customer for Australian-made SAF to meet our emissions reduction targets, which is why we're investing in ideas and technology that will build a locaL SAF industry". - Andrew Parker, Qantas Group Chief Sustainability Officer.
Read full article here: https://simpleflying.com/airbus-qantas-invest-millions-australian-saf/

For all media enquiries, contact Meg@dragonflyenvirocapital.com