Qantas has joined the Sustainable Aviation Fuel Financing Alliance fund with a commitment of US$50 million (A$75 million), the carrier announced on Wednesday (24 July).
The partners in the fund, which totals about US$200 million, include Airbus, Air France-KLM, Mitsubishi HC Capital, BNP Paribas, Associated Energy Group and Burnham Sterling Asset Management.
The Qantas commitment comes from its Climate Fund, which was established in 2023.
The alliance will invest in SAF technology development and production projects with an initial focus on opportunities that repurpose existing infrastructure, according to Qantas.
The fund made its first investment in April 2024 in US-based technology company Crysalis Biosciences, “which aims to renew chemical manufacturing infrastructure with innovative fuel and chemical production technologies.”