Dutch pension company invests in SkyNRG

APG is investing up to €250 million in SkyNRG to enable the development and adoption of sustainable aviation fuel (SAF) worldwide.
The funding will support the continued growth of SkyNRG’s platform which includes a portfolio of capacity development projects, R&D activities, advisory services, and a range of commercial innovative customer programmes.
As part of an investment round of up to €300 million, this investment allows SkyNRG to move forward with its plans to develop and construct SAF production facilities in Delfzijl, the Netherlands, as well as in Sweden (Project SkyKraft) and the United States (Project Wigeon).
APG’s investment builds upon a €175 million investment from Macquarie Asset Management (MAM) in 2023, who is also increasing its overall investment to SkyNRG in conjunction with this funding round to approximately €225 million. MAM and APG’s long-term commitments are enabling SkyNRG to develop facilities which are solely dedicated to the production of SAF and to further develop the market for SAF. SkyNRG works with partners such as KLM Royal Dutch Airlines, Microsoft and Boeing to reach these goals.
Arjan Reinders, head of infrastructure Europe at APG, said: “SkyNRG is a frontrunner in the SAF market, demonstrating an entrepreneurial spirit and a strong commercial focus.
“SkyNRG represents the first investment in the SAF sector on behalf of our client, which is closely aligned with our ambition to create impact by investing at the forefront in energy transition assets that meet our investment criteria.
“We look forward to collaborating with the SkyNRG management team as they expand their business operations and further contribute to the global efforts in reducing carbon emissions within the aviation sector. Through this partnership, we aim to foster advancements in sustainable aviation and reinforce our dedication to environmental stewardship and sustainable growth.”