Strategic Capital Injection: APG’s investment enables SkyNRG to accelerate development of SAF production facilities in the Netherlands, Sweden, and the U.S.
Global Market Signal: The €300M round, joined by Macquarie Asset Management, signals institutional confidence in SAF as a viable path to decarbonizing aviation.
Carbon Impact: SAF sourced by SkyNRG reduces lifecycle emissions by over 80% versus fossil jet fuel, aligning with net-zero 2050 targets.
APG, acting on behalf of Dutch pension fund ABP, is investing up to €250 million in SkyNRG, a leader in Sustainable Aviation Fuel (SAF), marking a pivotal move in the global push to decarbonize air travel.
The investment is part of a larger funding round of up to €300 million and positions SkyNRG to scale its SAF production capabilities across three continents—starting with facilities in Delfzijl (Netherlands), Sweden (Project SkyKraft), and the United States (Project Wigeon).
“SkyNRG is a frontrunner in the SAF market, demonstrating an entrepreneurial spirit and a strong commercial focus,” said Arjan Reinders, Head of Infrastructure Europe at APG. “This is our first investment in the SAF sector on behalf of our client and aligns with our ambition to invest at the forefront of energy transition assets.”
Founded in 2009 and headquartered in Amsterdam, SkyNRG was established with backing from KLM Royal Dutch Airlines and has built a robust SAF platform spanning R&D, advisory services, and commercial programs. Its fuel, derived from renewable feedstocks, offers an over 80% reduction in greenhouse gas emissions compared to conventional jet fuel.
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“APG joining SkyNRG is a major step forward for our growth and ambition to become a SAF producer,” said Maarten van Dijk, CEO and Co-founder of SkyNRG. “It also proves the SAF market is ready for dedicated production facilities, backed by strategic long-term investors.”
This commitment builds on a prior €175 million investment from Macquarie Asset Management (MAM) in 2023, which has now been increased to approximately €225 million. Together, MAM and APG are empowering SkyNRG to construct infrastructure solely focused on SAF production and advance market readiness.
“This strategic investment underscores our commitment to supporting innovative solutions that drive the decarbonization of the infrastructure industry,” said Martin van der Pot, Head of Private Investments at ABP. “It fits our strategy to deliver both financial returns and long-term purchasing power for our members.”
SkyNRG has supplied SAF to over 50 airlines globally and collaborates with industry heavyweights like Microsoft, Boeing, and KLM to accelerate adoption.
The global SAF market, projected to reach €12 billion annually by 2030, is being catalyzed by regulation like the ReFuelEU Aviation mandate, which SkyNRG helped shape. As aviation—currently accounting for 2.5% of global CO₂ emissions—faces mounting pressure to decarbonize, investments like this are critical to scaling viable alternatives.
SkyNRG was advised by Evercore (financial) and Clifford Chance (legal), while APG was advised by RBC Capital Markets (financial) and Loyens & Loeff (legal).
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