ROCKET fuel suitable for export to European and Asian countries is set to be made in Jimboomba from next year.
Black Sky Aerospace has gained Department of Mines, Natural Resources and Energy approval to build a factory to manufacture solid Ammonia Perchlorate Composite Propellant, capable of boosting rockets into space.
The process of building the facility will begin once final Logan City Council approval is complete.
Black Sky Aerospace will be the first rocket fuel manufactuer of its kind in Australia, and will be able to provide solid fuels for sub-orbital and orbital launch vehicles.
Director Blake Nikolic said importing rocket fuel to Australia was a time-consuming and expensive ordeal.
"When we organise a shipment (of rocket fuel) it takes nearly a year to get it, which is not ideal," he said.
"We will be able to cut that down to a few weeks, accessibility will go through the roof and logistical costs will diminish.
"It will save us about $250,000 per year and it will open up our export opportunities to a much bigger market."
Mr Nikolic said there would be opportunities to export fuel and invite international space companies to visit Australia and launch their own rockets.
"We have a sub-orbital launch site five hours west (at Goondiwindi) and there are also orbital launch opportunities in the Northern Territory and South Australia coming online soon," he said.
"Customers want to come to the Southern Hemisphere to launch. They are looking for a geopolitically stable country with a large landmass.
"Moving rocket motors and fuel can be quite challenging, so if they don't have it we can supply it which is a bonus for them."
Logan City Council director of Strategy and Sustainability, David Hansen, said Black Sky Aerospace's ambitions would help position Logan as a "world-class innovation city".
"Council is a proud supporter of Black Sky Aerospace and seeing its trajectory from start-up to become a scaled-up manufacturer and leading exporter is exciting for the city," Mr Hansen said.
"The direct economic impact means more jobs for Logan, but it also puts the city on the international map as a reputable base for the future of the aerospace industry."
Black Sky Aerospace formally lodged its application to manufacture rocket fuel in July.
