SkyNRG, an Amsterdam, The Netherlands-based leader in Sustainable Aviation Fuel (SAF), received an initial investment of up to €175 million from Macquarie Asset Management.
The investment, which was made via the Macquarie GIG Energy Transition Solutions (MGETS) Fund, will support the company’s next phase of growth and help achieve its goal to become a major SAF producer through the development and operation of SAF production facilities. The transaction is subject to certain closing conditions and the satisfaction of transaction terms.
By 2030 SkyNRG aims to build its dedicated SAF facilities in Europe and the US, in cooperation with strategic offtake partners. To date, the company has secured partnerships with, amongst others, KLM Royal Dutch Airlines and Boeing with envisaged long term commitments of up to €4 billion in SAF purchases.
Led by Philippe Lacamp, CEO, SkyNRG has been at the forefront of the development of SAF since it was founded over 14 years ago by, amongst others, Theye Veen and Maarten Van Dijk. They initially focused on creating a market for SAF and supplied the world’s first commercial flight using SAF in 2011. Since then, the company has expanded and is active in R&D, advisory services and in selling SAF. Today, SkyNRG provides SAF to airlines and corporates around the world and is still one of the leading and most active participants on the SAF market.
Current shareholders of SkyNRG also include Macquarie Asset Management, KLM, Spring Associates, Finestra S.A., E.M.E, and management.
FinSMEs
21/10/2023